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Highlights
- IBM acquired an Aussie startup to accelerate its ESG offerings.
- With Envizi, the company enhances its existing ESG AI-powered software.
- IBM plans to hit net-zero emissions by 2030.
NYSE listed International Business Machines Corporation (IBM) has been expanding its sustainability offerings to reach a net-zero emission target by 2030. To reach this goal, the company had been integrating a series of products to its offerings.
Acquiring Envizi
Recently, IBM has acquired an Australian emission data startup Envizi to help organisations measure the environmental impact of their supply chain.
IBM finalized the deal on 11 January to accelerate IBM’s existing environmental, social and governance offerings (ESG) AI-powered software package. As per the deal, IBM plans to integrate Envizi with its existing ESG package, including its Maximo asset management solutions, Environmental Intelligence Suite, IBM Sterling supply chain solutions and Red Hat OpenShift capabilities.
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Envizi’s AI-powered software provides companies with single-source data to quickly understand emission data across the entire landscape of the business. Hence, Envizi’s emission tracking software will accelerate IBM’s sustainability and supply chain system.
The big blue was already using Envizi to track its renewable electricity and greenhouse gas emission goals, utilising Envizi’s data-driven insights.
Launching environmental intelligence software suit
In October 2021, IBM launched IBM its environmental intelligence software suit powered by AI. The new suite enables organisations to respond to weather and climate risk that may affect their business. It also allows assessing their own impact on earth along with easing regulatory compliance and reporting complexity.
Bottomline
Improving its sustainability offerings is expecetd to help IBM meetings its carbon emission reduction target while adding positive share value to the firm.
