Bureau Veritas Acquires Aligned Incentives to Bolster Scope 3, Product Carbon Footprint Capabilities
France-based testing, inspection and certification services provider Bureau Veritas announced the acquisition of AI-powered sustainability planning solutions provider Aligned Incentives, with the move aimed at enhancing its sustainability metrics capabilities in areas including Scope 3 emissions analysis and product life cycle assessment (LCA).
Founded by CEO Yann Risz and COO Craig Cammarata in 2015, Massachusetts-based Aligned Incentives offers an AI-powered sustainability enterprise platform aimed at enabling global companies with extensive supply chains to measure and improve their societal impacts across multiple dimensions. The company’s flagship product, AITrack, was designed to bridge the gap between existing LCA and corporate reporting solutions, by producing environmentalEnvironmental criteria consider how a company performs as a steward of nature. footprinting based on granular product level life cycle assessments while integrating financial data, enabling custom process-based LCA for every product across a corporate portfolio.
Risz said:
“We are excited to join forces with Bureau Veritas and extend our AI-powered enterprise sustainability planning solution to deliver far-reaching global impact, including to Bureau Veritas’ 400,000 customers. Together, we will equip organizations with trustworthy, granular product and corporate footprints and mitigation strategies at scale, including best-in-class Scope 3 insights, to accelerate their transition to a low-carbon economy.”
The transaction forms the latest in a series of acquisitions by Bureau Veritas, following the launch earlier this year of its “LEAP | 28 strategy,” aimed at accelerating growth and performance. According to Bureau Veritas, Aligned Incentives’ expertise in areas including greenhouse gas accounting, climate risk assessment, sustainable finance, traceability and ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data management will strengthen its capabilities and offerings for clients, in addition to addressing demand for data-driven sustainability reporting.
Bureau Veritas CEO Hinda Gharbi said:
“By integrating Aligned Incentives’ market-leading, AI-powered sustainability planning solutions with the rest of our Transition Services, Bureau Veritas will create differentiated solutions. This comprehensive portfolio will help our global clients build trust in their products and corporate practices, enabling them to measure, manage, and report on their environmentalEnvironmental criteria consider how a company performs as a steward of nature., socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. and governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. impact with unprecedented accuracy and speed, regardless of their geographical footprint.”
