With key ESG reporting regulations such as the EU Taxonomy and the Sustainable Finance Disclosure Regulation (SFDR) covering more than 75% of European companies, in the EU and the UK, the he regulatory environment is changing rapidly.
Non-financial data, such as carbon emissions, catches the burden of financial reporting. And it’s not just the environment (“E”), but also social factors (“S”) and corporate governance (“G”).
Now, Berlin-based startup Greentech Plan A, which recently raised a $ 10 million Series A funding round, has developed a new SaaS tool to automatically cover this ESG reporting.
It says its integrated module “automates the measurement, analysis and reporting of ESG performance, providing a central platform for data management and reporting.”
This idea is that sustainability managers, also within VCs, can now review the ESG rating of their subsidiaries, holding companies and suppliers through the Plan A platform, reducing the effort to collect and analyze data. data at cheaper levels.
Plan A recently closed its Series A funding round in early November, six months after its seed funding in March.
It plans to expand the decarbonization tooling and Scope 3 calculations for various industries.
Berlin-based Greentech will also continue to expand internationally, so the current locations in Berlin, Paris and Munich will be followed by others over the coming year, including London.
Lubomila Jordanova, co-founder and CEO of Plan A, said: “Regulatory pressure is increasing. Investors, employees and consumers are placing increasing importance on companies that report on their ESG impact and develop sustainable business models in line with their values. Our goal is to support them in this transformation process with innovative digital tools.