Governance, risk and compliance (GRC) SaaS solutions provider Diligent announced today a new partnership with AI-driven climate risk management platform Manifest Climate, aimed at providing organizations with comprehensive solutions to support climate measurement, reporting and disclosure.
The announcement follows the launch last year by Diligent of its dashboard-based platform Board Reporting for ESG, and of its ESG software solution Diligent ESG in 2021, which enables companies to automate data collection, analysis and reporting of greenhouse gas emissions. The new partnership will combine these tools with Manifest’s AI-powered climate assessment solution, allowing companies to conduct real-time gap analysis and peer benchmarking, aligning with regulation requirements providing a view of how their climate data measures against standards and frameworks, according to the companies.
Amanda Carty, SVP & Managing Director, Strategic Market Solutions at Diligent said:
“Organizations are facing a plethora of new climate disclosure requirements – one of the latest being SB 261 and SB 253 out of California, which will require even broader reporting than the SEC’s pending proposal. This partnership with Manifest Climate offers organizations the most holistic offering on the market to improve their climate action plan, from data collection and measurement all the way to publishing disclosures.”
Key features and capabilities enabled by the partnership, according to Diligent and Manifest Climate include automating auditable data collection and analysis and reporting across over 2,000 fuels and business activities, including Scope 1, 2, and 3 emissions, access to 80 pre-built, audit-ready reports or customized dashboards for reporting to executive management and company directors, leveraging AI to evaluate the alignment of climate disclosures and management across multiple standards and frameworks, and benchmark against peers and industry leaders, and uncovering disclosure and climate management gaps and opportunities.
Laura Zizzo, Co-Founder and CEO of Manifest Climate said:
“As the climate disclosure landscape evolves, organizations are struggling to keep up with changing investor and regulator demands. Technology gives sustainability teams the power to deliver and execute an effective climate plan and move their companies toward achieving net-zero targets, while saving time and reducing costs.”