Partnership ensures a seamless scoring and reporting process aligned to EU Taxonomy
OTTAWA, Ontario, Canada, May 30, 2023 – FigBytes, creators of the leading Sustainability Platform for impact-focused organizations, today announced it is partnering with Celsia to provide FigBytes customers with a simplified EU Taxonomy scoring and reporting process.
Celsia is a global leader providing EU Taxonomy scoring and reporting solutions. The EU Taxonomy is a classification system that sets out a list of environmentally sustainable economic activities. It forms part of the European Union’s plan to scale up sustainable investment and implement the European green deal. It includes technical criteria that must be complied with in order for an activity to be considered sustainable.
“The implementation of the EU Taxonomy achieves many desirable outcomes, such as the prevention of greenwashing, driving companies’ sustainable development, but it’s also providing a common framework for comparing investments,” explains Natalia Müller, Director of Business Development at Celsia. “Yet despite the benefits of this well-intentioned initiative, the entire process of generating a score and reporting aligned to the EU Taxonomy can be complex, time-consuming and often intimidating for many companies. Our EU Taxonomy solution simplifies the entire process and paves the way for organizations toward a more sustainable future. Our partnership with FigBytes now makes this even easier.”
“Customers can now access Celsia’s powerful EU Taxonomy capabilities directly from the FigBytes Sustainability Platform,” explains Ted Dhillon, CEO and co-founder, FigBytes. “The combination of our platform’s strategy management features, powerful data aggregation engine and data management capabilities, and stakeholder engagement with an expanded set of reporting and scoring features aligned to the EU Taxonomy helps ensure compliance with this framework and keeps these organizations focused on their ESG and sustainability goals.”
FigBytes’ partnership with Celsia will be a multi-phased approach ensuring both companies, and their customers, fully benefit from each other’s deep pool of expertise in sustainability. This first phase will see FigBytes white-label Celsia’s EU Taxonomy solution, with subsequent phases planned that will focus on referral and greater technology integration.
Used by more than 200 companies across Europe, Celsia is one of the most used EU Taxonomy management solutions in the market. Among its clients are corporates, asset managers and banks, using the solution to comply with the emerging EU sustainability regulations.
FigBytes Sustainability Platform delivers reporting efficiencies, better insights, and enhanced engagement with stakeholders and has helped FigBytes become recognized as a leader in Quadrant Knowledge Solution’s 2022 SPARK Matrix™: Sustainability Management market report as well as a strong performer in The Forrester New Wave™: Sustainability Management Software, Q1 2022 report. FigBytes was also named to the Q3 2022 Constellation ShortList™ for Environmental, Social, and Governance (ESG) Reporting, and was also positioned as an Innovator in Verdantix’s 2022 Green Quadrant for Enterprise Carbon Management Software. FigBytes also earned the Top Product of the Year Award in the elite Environment + Energy Leader Awards program in 2022.
To learn how to conduct efficient and precise EU Taxonomy assessments and ensure up-to-date EU Taxonomy scoring, FigBytes customers are encouraged to reach out to their account managers.
Celsia exists to enhance how companies measure and manage sustainability. Its solution enables companies to manage and report on sustainability, in line with regulatory requirements. Users may connect to data, collaborate in the reporting process, and disclose performance in accordance with the CSRD, EU Taxonomy, SFDR, and more. Celsia is based in Norway, with offices in Oslo, Copenhagen, and Berlin, and its solutions are utilized by publicly listed companies and asset managers across Europe. Learn more, visit https://www.celsia.io
FigBytes empowers impact-focused organizations to make positive change for people and the planet. The FigBytes Sustainability Platform transforms complex environmental, social, and governance information into simple reporting and functional insights by capturing operational and supplier data in a central, secure, cloud-based platform that manages strategy, automates framework reporting, and simplifies stakeholder engagement, for climate, water, and beyond. To learn more, visit https://figbytes.com/
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