TransitionX Europe and Mitigate Partner to Rethink AI-powered ESG Reporting and Strategy
This integration delivers streamlined compliance, simplified data management and democratised corporate access to software and consulting to turn sustainability into a driver of competitive advantage
Businesses spend 43% more on ESG reporting than on implementing actual sustainability actions (IBM Institute for Business Value 2024)
Mitigate and TransitionX Europe unveil plans to develop pioneering software innovations such as AI-powered ESG diagnosis delivering actionable insights for companies to take tailored, impactful measures
Madrid, Spain & Riga, Latvia – January 7, 2024 - TransitionX Europe, a trailblazing ESG consultancy, and Mitigate, a leading full software development cycle company, announce today their partnership, uniquely combining cutting-edge technology with broad ESG expertise to transform how businesses approach sustainability.
This collaboration bridges advanced software and sustainability expertise to simplify ESG reporting, facilitate data-driven decision-making, and better communicate corporate impact. The partnership comes at a critical time as businesses struggle to thrive in an increasingly regulated and impact-focused market.
86% of companies which implemented software report these solutions have significantly improved the quality of reporting and communications with stakeholders[1]. However, only 22% of CFOs feel adequately prepared to report on climate-related risks and opportunities, indicating a significant gap in readiness and resources[2].
A new approach for ESG compliance and impact
To simplify processes and maximize value, the deal brings together TransitionX Europe’s integrated expertise in ESG reporting, strategy, and communication, and Mitigate’s advanced software platform for streamlined data collection and management, making complex projects like Double Materiality Assessment or CSRD reporting more manageable. “Partnering with TransitionX Europe allows us to push the boundaries of what ESG software can achieve, making it easier for businesses to go beyond compliance and create value,” said Arvis Zeile, CEO and Co-Founder of Mitigate. “But we are not stopping there: we are committed to developing pioneering innovations like AI-powered ESG diagnostics, delivering actionable insights that help companies prioritize and implement impactful measures.” ¨Businesses today face a perfect storm of regulatory complexity and stakeholder expectations. We are here to simplify ESG disclosures, so companies save time and resources, empowering internal teams to focus on real action,” said Jaime Santisteban, CEO and Co-Founder of TransitionX Europe. “The demand for support in confidently communicating this impact in compliant, compelling narratives that capitalize on efforts continues to rise.”
Small and medium-sized enterprises (SMEs) make up 99% of all businesses in OECD countries and collectively account for about 40% of industrial pollution, commercial waste, and greenhouse gas emissions[3]. Yet, they typically lack the extensive internal staff and financial resources of larger corporations to address ESG challenges effectively. The partnership between TransitionX Europe and Mitigate aims to democratize access to top-tier ESG software for companies of all sectors and sizes but particularly SMEs. Affordable, user-friendly solutions will empower these businesses to measure and cut emissions across all scopes and implement sustainability strategies effectively. This approach helps bridge the resource gap while addressing significant environmental challenges. The emergence of software solutions is proving to be a game-changer for ESG performance. Mitigate’s platform is known for its intuitive user interface, real-time data accuracy, and powerful capabilities in streamlining complex sustainability workflows. By alleviating administrative burdens, it empowers companies to concentrate on driving meaningful, impactful actions. The collaboration particularly targets SMEs, often the backbone of European economies, easing access to scalable and innovative solutions that make them leading actors in the new era of corporate transparency. Harnessing the strength of advanced software engineering alongside integrated ESG fields of expertise, Mitigate and TransitionX Europe are establishing a new standard for sustainability consulting. For more information, visit www.transitionx.eu or www.mitigate.dev.
[3] OCDE