As per reports, International Business Machines Corporation (IBM) has acquired an Australian analytics provider, Envizi Pty Ltd, that specializes in the automation of the collection of emissions data. The acquisition will expand IBM’s investments in artificial intelligence to help companies make their operations more sustainable and socially conscious.
Envizi allows businesses with environmental, social, and governance (ESG) goals to keep a check on their progress on sustainability reporting requirements. Envizi will integrate with IBM’s physical asset management and supply chain software. The financial details of the deal were not known.
Business leaders are now focussing on further adoption of ESG themes as regulators, lenders, and asset managers are scrutinizing companies with heavy carbon footprints.
Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page.
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