With key reporting regulations ESGWith both the European Union and specifically the Sustainable Finance Disclosure Regulations (SFDR) covering more than 75 percent of European companies, in the EU and the UK, the regulatory environment is rapidly evolving.
Non-financial data, such as carbon emissions, is catching up with reporting loads. And it's not just the Environment (“E”), it's also the social factors (“S”) and corporate governance (“G”).
Now the Berlin-based startup Plan A, which recently raised a $10 million Series A round, has developed a new SaaS tool to cover these reporting ESG in an automated way
Its integrated module "automates the measurement, analysis and generation of performance reports ESG, providing a central data management and reporting platform.”
The approach is that sustainability managers can analyze the ESG rating of companies, groups and suppliers through the Platform Plan Areduce data collection efforts and analysis efforts to more efficient levels.
Plan A plans to expand decarbonization tools and calculations for various industries.
Berlin-based Greentech will also continue its international expansion, with current locations in Berlin, Paris and Munich and others to follow in the coming year, including London.
Lubomila Jordanova, co-founder and CEO of Plan A, he said: “Regulatory pressure is increasing. Investors, employees and consumers place increasing importance on companies that report their impact ESG and develop sustainable business models in line with their values. Our goal is to support them in this transformation process with innovative digital tools.”
