IBM adds Supply Chain Intelligence module to Envizi ESG Suite

IBM expanded its Envizi ESG Suite with a new Supply Chain Intelligence module enabling companies to gather and analyse emissions data across supply chains to calculate and report Scope 3 emissions. The launch responds to standards including the EU's CSRD and IFRS's ISSB that mandate Scope 3 disclosure, tools increasingly relevant to Indian companies facing supply-chain emissions reporting.

IBM expanded its ESG data platform, Envizi ESG Suite, with a new module focused on Supply Chain Intelligence. The module provides companies with tools to gather and analyse emissions data throughout their supply chains, facilitating calculation and reporting of Scope 3 emissions. The launch responds to increasing pressure to monitor and disclose Scope 3 emissions, which encompass indirect greenhouse gas emissions from both upstream and downstream value chains. New standards including the EU's CSRD and IFRS's ISSB standards mandate disclosure of Scope 3 emissions.

Companies subject to new sustainability reporting standards are affected, particularly those needing to report Scope 3 emissions that often constitute the majority of a company's carbon footprint but are challenging to monitor because they occur beyond direct operational control. The module enables users to efficiently collect and aggregate substantial amounts of supplier and product-level data. Organisations with complex supply chains across manufacturing and procurement stand to benefit from the automated data request and analysis features that improve data quality.

Companies preparing for CSRD and ISSB disclosure obligations should evaluate tools like Envizi's Supply Chain Intelligence module to efficiently collect and aggregate supplier and product-level data. The automated data request and analysis features ensure enhanced data quality for reporting purposes while facilitating identification of emission reduction opportunities within the supply chain. Entities should monitor how such platforms support compliance with mandated Scope 3 disclosure and use the insights to target reductions across upstream and downstream value chains.

Key figure — Standards mandating Scope 3 disclosure: EU CSRD and IFRS ISSB