How Is Bureau Veritas Expanding its Scope 3 Capabilities?

Bureau Veritas, a global leader in testing, inspection and certification services, has announced the acquisition of Aligned Incentives, a company renowned for its AI-powered sustainability planning solutions.

The acquisition is a key move for Bureau Veritas as it aims to bolster its expertise in Scope 3 emissions analysis. 

Aligned Incentives is recognised for its deep experience in environmental metrics, placing it at the forefront of sustainability assessment.

With the acquisition, Bureau Veritas strengthens its LEAP 28 strategy, a long-term plan aimed at expanding its global presence in sustainability transition services. 

AI-powered tools for life cycle assessment

Aligned Incentives brings an impressive AI-driven platform to Bureau Veritas, combining life cycle assessment (LCA) expertise with an extensive sustainability database.

The centrepiece of Aligned Incentives' offering is its AITrack software, which enables detailed, process-based LCA for each product in a client’s portfolio. This technology allows Bureau Veritas to offer custom assessments, giving companies precise insights into the environmental impact of their operations at a granular level.

This capability is particularly relevant for Scope 3 emissions management, one of the more challenging areas for businesses to monitor due to its complex, indirect nature.

Scope 3 encompasses emissions from all activities in a company’s supply chain, from raw material extraction to disposal. By enhancing its services in this area, Bureau Veritas positions itself as a critical partner for companies focused on meeting stringent ESG standards and sustainability benchmarks.

"The acquisition of Aligned Incentives is Bureau Veritas’ first investment in the fast-growing strategic sector of AI-powered solutions for product life cycle assessment and is a pivotal moment for the group as we continue to execute on our LEAP | 28 strategy,” comments Hinda Gharbi, CEO at Bureau Veritas.

“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 ESG impact with unprecedented accuracy and speed, regardless of their geographical footprint.”

Meeting growing demand for transparent ESG reporting

With businesses under increasing pressure to provide clear and accountable sustainability reports, Bureau Veritas’ new offerings are likely to meet rising demand for reliable, data-driven assessments.

Aligned Incentives’ expertise in greenhouse gas accounting, climate risk analysis and sustainable finance provides a solid foundation to support Bureau Veritas’ clients through their sustainability journeys.

Headquartered in Middleton, Massachusetts, Aligned Incentives posted revenue of €3.5m (US$3.79m) in 2023. The integration of this cutting-edge sustainability firm signals Bureau Veritas’ commitment to driving responsible corporate practices through robust, transparent data.

This acquisition is poised to help Bureau Veritas deepen client relationships through data-driven sustainability insights.

Yann Risz, CEO and Co-Founder of Aligned Incentives, adds: "We're 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 organisations 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.”

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