Leading governance, risk and compliance (GRC) SaaS provider Diligent Corporation announced today the acquisition of ESG data aggregation and reporting software company Accuvio. The company also announced the launch of Diligent ESG, a comprehensive ESG software solution on its governance, risk, and compliance (GRC) platform.
Accuvio is a developer of software solutions aimed at enabling organizations to address the growing demand for climate and environmental information, and to meet regulatory reporting and audit requirements.
Adrian Fleming, Co-Founder and CEO of Accuvio, said:
“Accuvio was founded on the notion that simple, easy-to-use software can help to secure a healthy environment for generations to come. We are thrilled to take that mission to the next level by becoming part of Diligent. Adding our purpose-built software to Diligent’s broader ESG solutions and GRC platform will provide clients in the marketplace with an unmatched value proposition.”
Powered partly by Accuvio, Diligent ESG aims to enable companies to monitor their performance against ESG objectives in real time, connecting to multiple internal platforms and data sources, and utilizing robotic process automation.
Matt DiGuiseppe, head of Diligent’s ESG Center of Excellence, said:
“It’s no secret that current business information systems are not designed with ESG reporting in mind. We are excited to offer a solution that can transform information scattered across even the most complex multinational organizations into a comprehensive, actionable ESG dataset, leverages mature capabilities battle-tested for over 30 years in the audit and compliance world.”
Key features of the new solution include collection, calculation, and reporting of greenhouse gas (GHG) emissions across the entire value chain, customizable reports and real-time dashboards focused on ESG performance, and connection of internal ESG data with third-party data to facilitate benchmarking relative to peers and the market. Additionally, leveraging Diligent’s data and analytics, the solution will validate how ESG programs are impacting public sentiment, and assess governance practices and executive compensation against a database of global peers.
Brian Stafford, CEO of Diligent, said:
“Leaders today face an uphill battle in trying to establish impactful ESG programs and demonstrate progress: lack of clarity around where to start, manual processes with data in disparate systems, and a fragmented reporting landscape. Now, they can count on Diligent’s agile platform to track their risk, compliance, and ESG data in one place, establish ESG targets, and implement the governance structures to achieve those targets. With a comprehensive ESG solution at their fingertips, our clients will be able to respond with confidence to evolving regulations and investor preferences through a broader GRC practice.”