IBM Adds Supply Chain Emissions Data Capabilities to ESG Platform
IBM announced the launch of a new Supply Chain Intelligence module in its ESG data collection, analysis and reporting platform IBM Envizi ESG Suite, adding capabilities for companies to collect and analyze supply chain emissions for Scope 3 calculation and reporting.
The new features come as companies globally face increasing regulatory pressure to report on their Scope 3 emissions, or those originating in their upstream and downstream value chains, with emerging sustainability reporting standards including the EU’s CSRD and the IFRS’ ISSB standards requiring Scope 3 disclosure . While Scope 3 emissions often account for the majority of many companies’ carbon footprint, they are typically the most challenging to track and report as they occur in areas outside of the companies’ direct control.
According to IBM, the new module enables users to capture and aggregate high-volume supplier and product-level transactional data, including automated product-level data request data collection and analysis, providing improved data quality for reporting, and the ability to identify opportunities for emissions reduction.
In a post announcing the new features, Kendra DeKeyrel, VP of ESG & Asset Management at IBM, said:
“Assessing emissions from your supply chain for reporting and performance improvement presents a data challenge. IBM Envizi offers an integrated, centralized system to bring together supply chain data and broader ESG data to scale Scope 3 accounting and reporting.”
IBM acquired Envizi in 2022, as part of its efforts to enhance its AI-powered ESG solutions capabilities.
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