Summary
- Profile Type
- Technology offer
- POD Reference
- TOBE20240823010
- Term of Validity
- 29 August 2024 - 29 August 2025
- Company's Country
- Belgium
- Type of partnership
- Commercial agreement with technical assistance
- Targeted Countries
- All countries
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General information
- Short Summary
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RESULTX, a Belgian company, has developed an AI-driven platform that automates and streamlines ESG reporting by extracting, analyzing, and aligning data with ESRS standards. The company is seeking partners interested in collaborating on pilot projects to enhance the platform, with a focus on co-developing sustainable solutions that improve ESG practices and drive positive environmental and social impacts throughout the supply chain.
https://www.resultx.ai/ - Full Description
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ESG reporting, according to current procedures and solutions in the market, is highly time-consuming, costly, and inefficient. With existing solutions, ESG consultants and in-house ESG managers spend 80% of their time searching for ESG data, collecting, analyzing, understanding, and linking it to the correct regulatory data points. This process is manual and often reliant on Excel. Consequently, only 20% of their time and resources remain to derive insights from the reporting exercise and develop impactful strategies.
Why is finding this data so challenging? Because it can be scattered across various sources. ESG data is not as straightforward as financial and numerical data; it is extensive and often narrative. Moreover, approximately 80% of the data points within the legislative framework, such as CSRD and associated ESRS reporting standards, are narrative. This complexity makes it exceedingly difficult to locate and efficiently utilize this data. Additionally, this data is context-dependent and often requires significant human input for interpretation.
Once found, the data is typically entered into Excel and disseminated to different departments—a highly inefficient process prone to human error. This reporting process not only affects legally obligated companies but also impacts smaller businesses within the supply and value chain, as larger companies require data from their suppliers. This process creates significant challenges for SMEs who struggle to navigate these requirements.
An efficient solution is therefore essential to shift the focus from a time-consuming reporting exercise to dedicating resources towards developing impactful strategies. ESG reporting should be seen as an opportunity rather than a burden. Our approach aims to rebalance this 80%-20% disparity, allowing the majority of resources to be allocated towards creating impactful ESG strategies that drive positive financial and operational outcomes for businesses.
At RESULTX, the team recognizes these common challenges and aims to hyperautomate the ESG reporting process. RESULTX's ESG platform streamlines stakeholder connections and enhances efficiency and accuracy through an AI-driven search and drafting engine. The platform analyzes uploaded documents or data gathered via various API integrations with common data sources, matching the retrieved data with the appropriate ESRS (sub-)topics and data points for efficient materiality analyses and gap assessments. Leveraging Retrieval Augmented Generation (RAG), companies can query their own ESG and supply chain data, streamline data collection, and create customized topic reports. Additionally, the platform provides sector-specific insights and benchmarking through an ESRS-structured dashboard, enabling companies to validate ESG initiatives and make informed decisions on their ESG strategy. - Advantages and Innovations
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The SaaS platform distinguishes itself in several key areas. It effectively addresses the complexity of ESG data, of which 80% is narrative rather than numerical, making it challenging to capture. Leveraging advanced AI models, the platform excels at identifying and mapping this narrative ESG data against the ESRS, thereby tackling the most significant and time-consuming challenge in the field. Furthermore, the solution requires minimal user input, as companies and their suppliers can connect their data through API integrations, eliminating the need for ongoing communication and data requests. This significantly reduces the input and workload, making the platform scalable across the entire supply chain.
The platform also supports instant queries on ESG data, including supply chain information, and is fully auditable, avoiding the risks associated with a black box approach. Additionally, it facilitates a comprehensive and automated gap assessment that covers all E, S, and G data points. With features such as an ESRS search and drafting engine, the platform ensures that users have unparalleled capabilities in ESG reporting. - Stage of Development
- Already on the market
- Sustainable Development Goals
- Goal 13: Climate Action
- IPR status
- Secret know-how
Partner Sought
- Expected Role of a Partner
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The company is seeking businesses that will be required to implement ESG reporting within the next three years and are interested in collaborating to test its AI-driven ESG reporting platform. Companies are encouraged to include one or two of their supply chain partners in this process. As a collaboration partner, participants will receive temporary free access to the platform, including comprehensive onboarding and an automated gap assessment across all ESRS data points.
The ideal partners are those not only interested in testing the technology but also committed to sustainable and long-term collaboration. The objective is to jointly develop innovative solutions that enhance ESG reporting efficiency while contributing to positive environmental and social impacts. The company invites businesses that are willing to actively contribute to the development of tailored ESG strategies that benefit the entire value chain. - Type and Size of Partner
- Big company
- R&D Institution
- SME 11-49
- SME 50 - 249
- University
- SME <=10
- Type of partnership
- Commercial agreement with technical assistance
Dissemination
- Technology keywords
- 01004006 - Environment Management Systems
- Market keywords
- 02007007 - Applications software
- 02007008 - Business and office software
- 02007016 - Artificial intelligence related software
- Targeted countries
- All countries