Jan 6, 2025
Esgrid and Mitigate ESG Platform have announced an integration between the two ESG reporting solutions, fusing the strengths of Esgrid's supply chain sustainability management with Mitigate’s expertise in internal ESG reporting. The integration stands out in the sustainability software sector by being the first to offer a cost-effective yet powerful reporting suite for the tens of thousands of midcap companies across the EU that are required to report their ESG impact under CSRD, and for whom enterprise-grade solutions aren’t suitable.
Mitigate ESG Platform platform focuses on CSRD and ESRS reporting, enabling companies to complete their double materiality analysis, collect and store data for ESG reporting purposes, and automate report generation, including the creation of iXBLR reports. Mitigate stands out with its automated iXBLR report creation, good user experience that supports sustainability managers throughout different phases of the reporting process, and accessible price point, which is key in a market where many ESG reporting solutions are prohibitively expensive.
Esgrid focuses on the complex aspect of managing companies’ value chain ESG impact, which makes up 80% of the total environmental and social impact. Esgrid helps companies automate value chain ESG data collection, analytics and reporting, and supplier engagement. The company promises significantly higher supplier engagement rates and 10 times lower costs compared to manual processes thanks to its high levels of automation, AI functionality and strong supplier support. Founded in 2023 in Estonia, Esgrid today serves a variety of traditional large enterprises, technology companies and financial institutions across Europe, including 4 stock-listed companies.
The integration enables sustainability managers to easily combine ESG data from internal and value chain sources, unlocking full-scope regulation-compliant reporting. Users can use each of the platforms individually, while automatically sending value chain data and reports from Esgrid to Mitigate. The combined solution is designed to be cost-effective for the large midcap enterprise market, who don’t find large enterprise solutions suitable or see them as prohibitively expensive. First users will start using the integration in January 2025.
Arvis Zeile, CEO at Mitigage commented on the partnership: “At Mitigate, we understand the complex demands of ESG reporting within the value chain. Our partnership with Esgrid reflects our shared goal to help companies deeply analyse their value chains through sophisticated data collection and analytics. While our platform is strong in ESG reporting and automation, Esgrid's expertise in managing value chain sustainability enhances our ability to support companies across Europe. Together, as two leading Baltic ESG software providers, we're creating a comprehensive and affordable ESG reporting suite to do even more for our clients.”
Oksana Tolmatšova, CEO of Esgrid added: “The sustainability management software market is rapidly developing, and we believe in fostering strong partnerships between specialised solutions. Our cooperation with Mitigate marks the first step toward integrating Esgrid's powerful supply chain sustainability management capabilities into a full-scale ESG reporting tool, providing customers with an end-to-end solution.”
About Mitigate ESG Platform
Mitigate has been a technology company for over 13 years, and in recent years expanded the portfolio to include an ESG reporting platform, developed in collaboration with experienced ESG consultants and skilled tech engineers from across Europe. Our platform is trusted by a growing number of businesses of all sizes throughout Europe. It offers reliable compliance, cost savings, and AI tools that help companies quickly prepare their disclosure information for ESG reporting.