Diginex Restricted, a number one supplier of Sustainability RegTech, is launching diginexGHG an AI-automated Company Carbon Footprint (CCF) resolution licensed based on Greenhouse Gasoline Protocol (“GHG”) protocol, a broadly used framework established by the World Assets Institute (WRI) and the World Enterprise Council for Sustainable Improvement (WBCSD) for measuring and managing greenhouse gasoline emissions, offering methodologies for calculating the Scope 1, Scope 2, and Scope 3 greenhouse gasoline emissions related to a corporation’s actions. Scope 1 is direct emissions, Scope 2 is oblique emissions from bought power and Scope 3 is different oblique emissions. As firms worldwide grapple with escalating regulatory calls for and a quickly increasing carbon accountancy market, diginexGHG delivers AI-driven effectivity to simplify compliance and drive decarbonization efforts.
The worldwide carbon accounting software program market is experiencing explosive progress, projected to develop from $18.56 billion in 2024 to $51.64 billion in 2029 at a compound annual progress fee (CAGR) of twenty-two.9%. This surge is fuelled by the pressing want for scalable instruments to measure, report, and cut back emissions in response to local weather imperatives. On the identical time, stringent laws are reshaping company landscapes together with California’s just lately adopted local weather laws, primarily the Local weather Company Knowledge Accountability Act (“SB 253”) and the Local weather-Associated Monetary Threat Act (“SB 261”). SB 253 applies to firms with annual international revenues exceeding $1 billion, requiring them to report Scope 1, 2, and three emissions, whereas SB 261 applies to these with annual international revenues over $500 million, mandating biennial climate-related monetary danger disclosures beginning in 2026.
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Moreover, many nations worldwide, together with the UK, Australia, Canada, Singapore, Japan and China, are actively rolling out or planning to implement disclosure necessities for companies aligned with the Worldwide Monetary Reporting Requirements (IFRS) or associated local weather disclosure necessities, particularly referencing IFRS S2 (climate-related disclosures) or intently aligned frameworks (e.g., TCFD, CSRD with IFRS affect).
These laws and frameworks, together with comparable requirements mandated by the Worldwide Group for Standardization (ISO), an impartial, non-governmental international physique that develops and publishes worldwide requirements to make sure high quality, security, effectivity, and interoperability throughout industries and processes, and GHG Protocol partnership, which align ISO’s environmental administration requirements (e.g., ISO 14064 for GHG accounting) with the GHG Protocol’s methodologies to boost consistency, credibility, and interoperability in company local weather reporting globally, impose penalties for non-compliance, doubtlessly together with financial fines, in addition to producing reputational hurt for failing to reveal or report, which we imagine will compel companies to spend money on strong reporting techniques or danger operational disruptions.
“diginexGHG arrives at a pivotal second when regulatory pressures are turning carbon accounting from a nice-to-have coverage or follow right into a enterprise crucial,” mentioned Mark Blick, CEO of diginex. “Our platform harnesses AI to automate the tedious, error-prone elements of emissions monitoring, enabling firms to deal with strategic sustainability objectives relatively than drowning in paperwork. We’re not simply serving to purchasers comply—we’re positioning them as leaders within the low-carbon financial system.”
diginexGHG provides an AI-powered sustainability platform that integrates with current enterprise techniques to automate carbon administration and reporting compliance. diginexGHG, in collaboration with Ahead Earth, a frontrunner in AI powered environmental options, leverages AI and machine studying and processes information from numerous sources to generate exact company and product carbon footprints quickly, delivering actionable insights for sustainable decision-making.
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