ESG

IBM Acquires Envizi Adding to its Environmental Social Governance Portfolio

The News: IBM acquires Envizi, a leading data and analytics provider for environmental performance management, adding to IBM’s portfolio of environmental, social, and governance (ESG) offerings to help organizations understand their impact on the environment. Read the full announcement on the IBM blog here.

IBM Acquires Envizi Adding to its Environmental, Social, and Governance Portfolio

Analyst Take: Over the last few years organizations have received an increase in pressure from consumers, shareholders, and regulators to improve sustainability measures. Corporate social responsibility and ESG initiatives are now top priorities for most businesses. But many still face roadblocks. The problem? While it’s easy to make pledges and promises to improve sustainability measures, it’s difficult for many organizations to prove that the sustainability initiatives are working due to too many disparate data sources.

That’s why IBM’s acquisition of Envizi makes sense. Envizi, an Australian startup, provides a single source of truth to help organizations understand emissions data across the full spectrum of their operations. It also provides sustainability reporting frameworks and easy to understand dashboards to monitor, analyze, and report on a variety of metrics to help organization achieve their sustainability goals.

Envizi’s AI-powered software will integrate with other properties in IBM’s ESG portfolio including IBM Maximo asset management solutions, IBM Sterling supply chain solutions, IBM Environmental Intelligence Suite, IBM Turbonomic, and Red Hat OpenShift capabilities.

IBM’s Focus on AI

In October during IBM’s investor briefing, Chairman and CEO Arvind Krishna laid out IBM’s plans to focus more on AI and automation in the coming year. AI gives organizations a competitive advantage, so it’s no surprise that IBM would acquire an AI-driven software company to give companies an edge in sustainability reporting — an area of increasing importance.

Aside from providing AI software that can improve operational efficiencies for their customers, IBM is also using the Envizi software to reach its own sustainability goals such as net zero greenhouse gas emissions by 2030.

Better Sustainability Reporting for the Future

With this acquisition, IBM is making moves to change how organizations report and prove their sustainability initiatives are working bringing a new level of accountability into the picture — something customers and shareholders, alike will appreciate. I believe this acquisition will pay dividends in the future for IBM’s customers and it will be interesting to watch to see how these organizations use the data they collect to make more informed decisions, drive more innovation, and create a more sustainable world in the process.

Disclosure: Futurum Research is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.

Other insights from Futurum Research:

T-Mobile Prelim Q4 and FY 2021 Customer Results are Good News for the 5G Ecosystem 

Oracle Assures CSPs and Enterprises with Federos Acquisition

GM Partners with Qualcomm to Deliver Next Generation of Hands-Free Driving

Image Credit: IBM

 

The original version of this article was first published on Futurum Research.

Shelly Kramer

Shelly Kramer is a 20+ year marketing veteran and CEO of V3 Broadsuite, a marketing consultancy, and the President of Broadsuite Media Group. She’s a business strategist focused on B2B digital transformation, and delivering integrated marketing solutions for clients. She’s an expert at omnichannel marketing, content strategy and execution, connecting social media to business initiatives, and helping clients leverage the web for growth and profitability.

Share
Published by
Shelly Kramer

Recent Posts

National Geographic Society and The Climate Pledge Collaborate on Climate Storytelling to Raise Awareness of the Global Climate Crisis and Potential Solutions

Futurum principal analyst Shelly Kramer explores the collaboration between the National Geographic Society and The…

5 days ago

Intel Vision 2022: Intel Augments its Silicon, Software, and Services Portfolio Vision

Futurum’s Ron Westfall scrutinizes why Intel’s expanded silicon, software, and services portfolio vision boosts its…

5 days ago

VMware and McLaren Race to Fuel Multi-cloud Innovation and App Flexibility

Futurum’s Ron Westfall assesses why the VMware alliance with McLaren Racing provides the high-profile engagement…

5 days ago

Terra’s Not-So Stablecoin UST Collapses Resulting in Over $40 Billion in Losses

Futurum Analyst in Residence Jared Klee analyzes the collapse of Terra’s not-so stablecoin UST and…

5 days ago

New Solutions from ServiceNow Help Enterprises Advance Digital Transformation

Futurum principal analyst Shelly Kramer explores the three new innovations announced by ServiceNow at their…

5 days ago

Oracle Fusion Cloud’s Customer Data Integration Provides Unified View to Service Agents

Futurum principal analyst Shelly Kramer explores Oracle Cloud Fusion’s integration of Oracle Unity customer data…

6 days ago