Introducing Achilles' Innovative Sustainability Reporting System
Achilles, a leading provider of supply chain risk management solutions, has launched a new enterprise platform called Achilles Comply360. This innovative software is designed to streamline environmental, social, and governance (ESG) reporting and non-financial performance data collection across complex global supply chains.
The platform boasts several key features aimed at making ESG reporting more efficient and accurate. One such feature is AI-enabled automation, which reduces manual effort by streamlining data collection, validation, and reporting. This automation helps improve the accuracy of reports, a crucial aspect in an era where ESG transparency and due diligence are increasingly important.
Achilles Comply360 also includes built-in team collaboration tools. These tools assign accountability for report components and facilitate coordinated reporting across multiple regions and suppliers, ensuring a unified approach to ESG reporting.
The platform's integrated carbon accounting tools are another significant advantage. These tools include an embedded carbon estimator that calculates emissions based on operational data and internationally recognized greenhouse gas factors, enabling precise Scope 3 emissions reporting.
Achilles Comply360 supports reporting under various sustainability frameworks, such as the EU Corporate Sustainability Reporting Directive (CSRD), International Financial Reporting Standards (IFRS), and the Global Reporting Initiative (GRI). This versatility makes the platform suitable for a wide range of industries.
Real-time dashboards are another feature of Achilles Comply360, allowing organisations to monitor reporting progress and maintain stakeholder transparency. The platform can also integrate with existing enterprise systems for seamless data flow across an organisation’s operations and supply chain.
The platform is configurable around a company’s materiality assessment and reporting goals and is available in 10 languages for global applicability. This adaptability makes it an ideal solution for firms in the construction, materials supply, and concrete production sectors, which often face complex supply chains spanning multiple contractors and regions.
Mark Chamberlain, VP of Product and Insights at Achilles, emphasized that sustainability reporting is a resource-heavy, fragmented process. He stated that Achilles Comply360 aims to give enterprises the confidence, accuracy, and structure they need to meet their reporting obligations efficiently and consistently. However, specific examples of how the platform helps enterprises meet their reporting obligations efficiently and consistently were not provided.
It is not yet clear if Achilles Comply360 has any unique advantages or improvements over other solutions in the market. Nonetheless, its comprehensive features and focus on ESG reporting make it a promising tool for businesses seeking to simplify and automate their sustainability reporting processes.
[1] Achilles press release, March 2023.
- This comprehensive enterprise platform, Achilles Comply360, not only caters to the complexities of global supply chains but also integrates features like AI-enabled automation and real-time dashboards, making it an effective tool in the finance sector for efficient and accurate ESG reporting.
- With integrated carbon accounting tools, built-in team collaboration features, and adaptability across various sustainability frameworks, Achilles Comply360 further extends its impact to influencing a company's lifestyle choices towards sustainability and technology adoption for enhanced ESG performance.
