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Swiss Finance News > News > Sustainable Finance > IBM’s ESG Suite Secures Approval to Aid Federal Agencies in ESG Data Management
Sustainable Finance

IBM’s ESG Suite Secures Approval to Aid Federal Agencies in ESG Data Management

gelikuwa
Last updated: 2024/10/27 at 2:45 AM
By gelikuwa 3 Min Read
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Key Impact Points:

Contents
A Single Trusted SolutionA Massive Opportunity for ImpactDON’T MISS ANY NEWS
  • FedRAMP Authorization: IBM’s Envizi ESG Suite is now authorized by FedRAMP, ensuring federal agencies can securely manage ESG data.
  • Streamlined ESG Reporting: The tool automates data collection, analysis, and reporting, helping agencies meet evolving ESG standards and reduce errors.
  • Scalable Solution for Federal Agencies: With over 300,000 buildings and massive land holdings, the federal government can now leverage this trusted platform for efficient ESG data management.

IBM announced that its Envizi ESG Suite has received Federal Risk and Authorization Management Program (FedRAMP) authorization. This milestone means that federal agencies can now use IBM’s trusted platform to manage their ESG data securely, streamlining reporting and ensuring compliance with emerging standards like the SEC’s climate disclosure regulations.

The platform is available through the FedRAMP Marketplace, giving federal agencies access to a tool that automates the collection and analysis of ESG data, helping to overcome challenges such as poor data quality, fragmentation, and evolving reporting regulations.

A Single Trusted Solution

IBM Envizi is designed to create a unified system of record for all ESG data, helping federal agencies identify opportunities, report more efficiently, and minimize errors.

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Vanessa Hunt, General Manager, Technology, U.S. Federal Market for IBM, highlighted the importance of this authorization:
“ESG has an impact on government and government has an impact on our broader society and citizens. When considering the federal government’s size and scale, there’s an opportunity for agencies to lead by example. Now that our Envizi ESG Suite has received FedRAMP authorization, federal agencies can take advantage of its capabilities with the confidence that their ESG data are secured and protected.”

Vanessa Hunt, General Manager, Technology, U.S. Federal Market for IBM

A Massive Opportunity for Impact

With over 300,000 buildings, millions of employees, and $700 billion in annual purchases, the U.S. government has a significant role in driving ESG principles. By adopting IBM’s Envizi ESG Suite, agencies can efficiently manage their ESG data and lead by example in sustainability initiatives.

The FedRAMP authorization ensures that IBM’s solution meets rigorous security standards, giving agencies confidence in managing sensitive ESG data while addressing the pressing challenges of climate reporting and compliance.

IBM’s Envizi ESG Suite offers federal agencies a scalable solution to tackle their sustainability goals while navigating the complexity of evolving ESG reporting frameworks.

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TAGGED: agencies, Aid, approval, data, ESG, Federal, IBMs, Management, secures, Suite
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