Sustainability information administration firm Dcycle introduced immediately that it has signed an settlement to accumulate software program firm ESG-X, with the transaction geared toward increasing Dcycle’s ESG sustainability information administration capabilities throughout the DACH area (Germany, Austria and Switzerland).
Based in 2023, Germany-based ESG-X develops AI fashions designed to automate materiality assessments and map current company information to ESG reporting necessities.
Valentin Aman, co-founder of ESG-X, stated:
“From the start, ESG-X was constructed to assist corporations handle ESG information in a means that’s correct, scalable and future-proof. This acquisition by Dcycle permits us to take that mission a lot additional, combining our know-how with a platform that has the size, ambition and operational maturity to outline the following part of ESG information administration in Europe.”
Madrid-based Dcycle gives carbon accounting and ESG software program that allow corporations to measure emissions, adjust to sustainability rules and plan decarbonization methods.
In line with the corporate, the acquisition will strengthen its platform throughout a number of areas, together with improved picture recognition for gas and vitality consumption, AI-powered double materiality assessments aligned with CSRD necessities, EcoVadis score optimization, automated ESRS reporting with European AI Act-compliant know-how, and native information residency in licensed German information facilities.
Juanjo Mestre, CEO and Co-founder of Dcycle, stated:
“The European ESG software program market has entered a transparent consolidation part. With over 100 options competing to unravel remoted elements of the issue, the fragmented mannequin now not meets the true wants of the businesses we serve. Our imaginative and prescient is evident: the one technique to scale sustainability information effectively is thru built-in platforms that allow corporations to personal their information infrastructure. This acquisition is all about constructing the very best product for our clients.”
