ARMONK, N.Y., Jan. 11, 2022 /PRNewswire/ -- IBM
(NYSE: IBM) today announced it has acquired Envizi, a leading
data and analytics software provider for environmental performance
management. This acquisition builds on IBM's growing investments in
AI-powered software, including IBM Maximo asset management
solutions, IBM Sterling supply chain solutions and IBM
Environmental Intelligence Suite, to help organizations create more
resilient and sustainable operations and supply chains. This
acquisition closed on January 11,
2022. Financial details were not disclosed.
IBM is already using Envizi to help streamline tracking and
reporting of its progress against the company's own goals in
renewable electricity procurement and greenhouse gas (GHG)
emissions reduction.
Companies are under mounting pressure from regulators,
investors, and consumers to progress toward more sustainable and
socially responsible business operations – and to demonstrate these
measures in a robust and verifiable way. In fact, corporate social
responsibility and environmental sustainability risks tied as the
third highest concerns for organizations, as ranked by large
corporations in a 2021 Forrester report.1 However, the
various types of data companies need to understand and report on
sustainability initiatives remains highly fragmented and difficult
for all relevant parties to access.
Envizi's software automates the collection and consolidation of
more than 500 data types and supports major sustainability
reporting frameworks. Its user-friendly and easily customized
dashboards enable companies to analyze, manage and report on
environmental goals, identify efficiency opportunities and assess
sustainability risk. Envizi's solutions help streamline the
management of these tasks as part of broader Environmental, Social
and Governance (ESG) reporting initiatives, while also providing
users with valuable sustainability insights to inform business
strategy.
By using Envizi with IBM's broader AI-powered software,
companies will now be able to automate the feedback generated
between their corporate environmental initiatives and the
operational endpoints being used in daily business operations – a
crucial step in making sustainability efforts more scalable. For
instance, Envizi will integrate with:
- IBM Maximo asset management solutions, which help companies
extend the life of their critical assets, reduce environmental
impact by providing intelligent asset management, monitoring,
predictive maintenance and reliability in a single platform.
- IBM Sterling supply chain solutions, which help companies gain
supply chain visibility, cut waste by right-sizing inventory,
reduce the carbon footprint of shipment and logistics, and ensure
responsible sourcing with blockchain-based technology for
traceability.
- IBM Environmental Intelligence Suite (EIS), which helps
companies increase resiliency by assessing and planning for the
impact of environmental conditions on their operations, assets, and
supply chains. EIS uses advanced AI and weather technology from
IBM, the most accurate forecasting provider
globally.2
- IBM Turbonomic and Red Hat OpenShift capabilities, which help
companies automate decision making when considering where to run
enterprise workloads based on optimization of performance, cost and
GHG emissions.
Envizi will also help expand IBM Consulting's growing
sustainability practice, which is designed to help clients
accelerate progress toward their sustainability commitments.
"To drive real progress toward sustainability, companies need
the ability to transform data into predictive insights that help
them make more intelligent, actionable decisions every day," said
Kareem Yusuf, PhD, General Manager,
IBM AI Applications. "Envizi's software provides companies with a
single source of truth for analyzing and understanding emissions
data across the full landscape of their business operations and
dramatically accelerates IBM's growing arsenal of AI technologies
for helping businesses create more sustainable operations and
supply chains."
Available as a SaaS solution and running in multi-cloud
environments, Envizi serves leading brands such as Microsoft,
Qantas, CBRE, Uber, abrdn and Celestica, and its software can be
applied to activities across a variety of industries.
"As a leader and innovator in AI for business, IBM has decades
of experience helping organizations around the world harness the
power of their data and act on it," said David Solsky, CEO and Co-Founder, Envizi. "IBM's
global reach, depth of resources and breadth of expertise will help
us to scale at an unprecedented pace. As part of IBM, we feel more
confident than ever that we can achieve our goal of providing
clients and partners with the world class tools they need to reduce
their operational impacts and optimize for the low carbon
future."
Beyond its ongoing investments in providing clients the most
comprehensive AI software to help them accelerate their
sustainability initiatives and support their environmental goals,
IBM is also using its software to improve its own operational
efficiencies, manage energy consumption and drive GHG emissions
reduction. These activities support IBM's commitment to reach
net zero GHG emissions by 2030.
For more information, visit
https://www.ibm.com/sustainability/solutions.
Media Contacts:
Faye
Abloeser
IBM Communications
abloeser@us.ibm.com
Cassy Lalan
IBM Communications
cllalan@us.ibm.com
1 Forrester, "The State of Environmental
Sustainability in the Fortune Global 200," January 2021
2 Source: Forecast Watch, "Global and Regional
Weather Forecast Accuracy Overview," issued July 2021; p.2,14
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SOURCE IBM