Digital workflow company ServiceNow and sustainability risk management tech company Socialsuite announced the launch of a new combined solution aimed at helping companies to integrate their sustainability and risk management capabilities using AI and software and meet ESG reporting compliance requirements.
The new integrated solution follows the launch earlier this year by Socialsuite a new software platform aimed at helping companies manage double materiality assessments, a key requirement of some new sustainability reporting regulations such as CSRD. ServiceNow launched an ESG solution on its platform in 2021 designed to enable companies to plan, activate, manage and report on ESG strategies and initiatives, followed the next year by its ESG Management solution, aimed at enabling companies to manage and govern their ESG programs.
According to Socialsuite, the new collaboration combines its AI-powered double materiality and stakeholder engagement platform with ServiceNow’s enterprise ESG and risk management capabilities to automate sustainability workflows, and CSRD and IFRS compliance. Under the new partnership, the companies said that ServiceNow customers will gain access to Socialsuite’s materiality software, while SocialSuite customers will be able to deploy ServiceNow ESG Management and Integrated Risk Management (IRM) solutions to unify governance, risk, compliance (GRC), and sustainability workflows.
Seth Forman, CEO of Socialsuite, said:
“Organizations today are navigating unprecedented regulatory challenges and growing complexity in sustainability compliance. In partnership with ServiceNow, we’re delivering a scalable, intelligent solution designed for this critical moment – empowering companies to confidently manage their sustainability risks and obligations with a reliable, streamlined process and platform.”
The companies said that they have already initiated integration efforts, with a certified solution slated for release soon in the ServiceNow Store.
Mauri Paz, Head of TPRM and Sustainability Products at ServiceNow, said:
“Our partnership with Socialsuite enhances the sustainability ecosystem we provide to our customers. Together, we are harnessing AI and automation to simplify sustainability compliance, making it smarter, more efficient, and truly impactful.”
