Dive Brief:
- Consulting firms Deloitte and Ernst & Young announced collaborations with IBM and Aspen Technology, respectively, on Monday aimed at helping clients achieve their sustainability targets and accelerate emissions reduction strategies across different sectors.
- Deloitte’s partnership with IBM will allow its clients to leverage both companies’ sustainability solutions and integrate data from the IBM Envizi ESG Suite and Deloitte’s GreenLight Solution which, together, will help companies capture and consolidate ESG data to support reporting and provide tools to manage the economics of net-zero goals.
- Similarly, EY’s alliance with AspenTech — an industrial software and performance management platform — will provide solutions for optimizing supply chains, monitoring emissions reduction and energy efficiency and supporting utility grid management, alongside increasing operational profitability.
Dive Insight:
Deloitte’s partnership with IBM also seeks to provide sustainability performance improvements, including analysis on global credits, tools for strategic planning, incentives and abatement strategies. The financial consulting firm and technology company’s combined resources will help clients conduct better greenhouse gas emissions calculations, improve ESG reporting frameworks and provide data-driven insights to aid decarbonization projects, according to the announcement.
Clients will also be able to utilize several IBM applications and suites to monitor and manage assets as well as oversee facilities and workplace management.
“The climate crisis requires urgent action, yet organizations are struggling to get data-driven insights that would enable them to think more strategically and make the right decisions,” Marcus Goetz, a Deloitte partner focused on sustainability, said in a press release.
EY’s partnership with AspenTech focuses on sectors that have a large carbon footprint, including power and utilities, oil and gas, chemicals and industrial products, and mining and metals. The combined suite of tools will help clients navigate the energy transition and move toward renewable energy, according to the press release.
Aside from helping organizations achieve sustainability targets, the alliance also aims to help clients in the industrial and energy sector meet demand for resources, improve tax capabilities and the longevity of assets.
“This collaboration with AspenTech will help organizations drive improved production performance, energy efficiency, and emissions management across industries,” EY Americas Vice Chair, Sam Johnson, said in a press statement.
Both collaborations come just days before the United Nations’ COP28 climate summit, where over 140 heads of state and senior government leaders will congregate to discuss global progress towards meeting Paris Agreement goals, tackling climate change and finding common ground on phasing out fossil fuels and transitioning to clean energy.
Several companies have called for governments to phase out the burning of fossil fuels and scale up the production of clean energy ahead of the summit. Last month, a coalition representing 131 companies, including Nestlé, Ikea, eBay, Unilever and Volvo Cars, signed a “Fossil to Clean” letter urging countries to divest from fossil fuels.
