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Sweep launches cutting-edge generative AI solutions for regulatory reporting

Sweepy
Author
Catherine NicholsonPR and Communications Manager
Category
Press release
Topics
Tech & IT
Published
20 March 2024

London/Paris, 20 March 2024 - Sweep, the sustainability data management platform, has announced the launch of generative AI-powered features to help companies simplify compliance with the CSRD and other regulatory requirements, making major investments into generative learning. 

The new capabilities include:

  • “Sweepy”, an AI assistant which drastically improves data ingestion, provides suggested mapping of financial and impact materiality based on industry benchmarks, and automates non-financial data reporting and disclosures

  • AI-powered recommendations for emissions factors, tailored to the specific activities of the business, plus effective action plans for emissions reductions and other sustainability goals

  • AI suggestions to resolve data input anomalies which would otherwise compromise compliance and audit processes

These innovations will drastically reduce the amount of time it takes to ingest the millions of sustainability data points that can be required to comply with regulations such as the European Union’s CSRD.

Rachel Delacour, CEO and co-founder at Sweep, said: “The CSRD and other ESG regulations are a hugely positive step in the right direction, but they are putting immense pressure on organizations to understand, gather and disclose their data accurately. By using AI, they can spend less time on gathering data and more time acting upon it, making reporting efficient and accurate, while better utilizing the time of sustainability professionals. We’re excited to see the impact these latest and truly unique innovations will have on the market.”

To meet the fast-evolving sustainability challenges faced by businesses, Sweep has integrated Consequence, a startup specialized in creating AI tools to calculate and process massive data sets in seconds.  

Consequence’s UK and US-based co-founders James and Elliot Poulter and their team are now integrated into Sweep’s staff, building technology able to transform normally painstaking processes, so clients can focus their time and attention on acting upon climate-negative business operations. Today they complete Sweep’s market-leading team of developers to deliver the best sustainability data platform on the market.

Yannick Chaze, Sweep’s Chief Technical Officer and co-founder added: “Sweep is an industry leader in data management, continuing to invest in the latest technology to supercharge the platform. It’s well-known that Artificial Intelligence is only as good as the data it receives. Combining Sweep’s powerful data management platform with increased AI functionalities will accelerate data collection and reporting, and empower our customers to reduce their climate and environmental impacts.

With the new AI team on board, Sweep plans to launch further AI tools and features over the coming months to continue building the best sustainability software on the market.


About Sweep

Sweep is the sustainability data management platform. Its market-leading, AI-powered software helps organizations understand all extra-financial data across their business and value chain to manage increasing disclosure requirements and take action to meet sustainable business goals.

Co-founded by Rachel Delacour, Yannick Chaze and Raphael Gueller, Sweep partners with enterprise, midmarket and financial institutions across the world, with customers including L’Oreal, Lacoste and Hewlett Packard.

Sweep is B Corp certified and a member of the World Bank’s Carbon Pricing Leadership Coalition, France Invest and The International Emissions Trading Association.

To learn more, book a demo with our team.

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