IBM Adds AI-Powered Emissions Planning and Forecasting Capabilities to ESG Data Platform
IBM announced the addition of AI-powered emissions planning and forecasting capabilities to its ESG data collection, analysis and reporting platform IBM Envizi, aimed at enabling companies to streamline and enhance their sustainability planning and climate strategies.
According to IBM, the new capabilities are aimed at helping companies to guide their planning to towards their emissions reduction goals and to meet growing climate reporting requirements, addressing a need for forecasting tools that are equipped to manage ESG data models.
IBM acquired Envizi in 2022, as part of its efforts to enhance its AI-powered ESG solutions capabilities. The new capabilities mark the latest in a series of recent enhancements to the platform, including the addition of supply chain emissions data collection and analysis, and CSRD sustainability reporting capabilities.
For the new solution, IBM introduced automated integration between Envizi’s ESG data model and IBM’s established planning and forecasting suite, IBM Planning Analytics. With the platforms’ combined capabilities, the solution enables businesses to perform complex modelling and forecasting on their ESG data, using multiple variables and “what-if” scenarios based on their most recent ESG data.
In a post announcing the new capabilities, Kendra DeKeyrel, VP, ESG & Asset Management Products Leader at IBM, said:
“As sustainability goals become more pervasive throughout organizations, reporting and data management solutions need to be more specialized, comprehensive and scalable. IBM Envizi offers support for customers through their sustainability journey: from ESG data capture, to planning, forecasting, reporting and onward to performance enhancement.”