Bureau Veritas Acquires Aligned Incentives, an Enterprise Sustainability Planning Pioneer, Expanding its Global Sustainability Services with AI Powered Solutions
October 23 2024 - 11:50AM
Business Wire
Bureau Veritas, a global leader in testing,
inspection, and certification services, today announced the
acquisition of Aligned Incentives, an innovative provider of
AI-powered sustainability planning solutions. This strategic move
enhances Bureau Veritas' capabilities in Scope 3 emissions analysis
and life cycle assessment (LCA). Aligned Incentives is recognized
for its top tier AI technology and deep expertise in sustainability
metrics, positioning it at the forefront of the rapidly evolving
field of sustainability impact assessment. This acquisition
represents a pivotal step in Bureau Veritas' LEAP | 28 strategy,
establishing a new stronghold in sustainability transition
services.
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Hinda Gharbi, CEO Bureau Veritas (Photo:
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The acquisition of Aligned Incentives augments Bureau Veritas’
capabilities to build trust with global, granular sustainability
data, designed to support its clients as they monitor their Scope 3
impact. Aligned Incentives' system, which combines top-tier life
cycle assessment (LCA) expertise, an extensive database, and
AI-powered AITrack software, will enable custom process-based LCA
for every product across a corporate portfolio. The company’s
expertise in areas like greenhouse gas accounting, climate risk
assessment, sustainable finance, traceability and ESG data
management will strengthen Bureau Veritas' capabilities, allowing
the company to accompany its customers throughout their
sustainability journey. These new services will also address the
growing demand for transparent, data-driven sustainability
reporting. The company is headquartered in Middleton,
Massachusetts, and delivered €3.5 million revenue in 2023.
"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,”
said Hinda Gharbi, Chief Executive Officer of 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
environmental, social and governance impact with unprecedented
accuracy and speed, regardless of their geographical
footprint.”
"We are 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," added Yann Risz, CEO and Co-founder of
Aligned Incentives. “Together, we will equip organizations 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.”
About Bureau Veritas
Bureau Veritas is a world leader in inspection, certification,
and laboratory testing services with a powerful purpose: to shape a
world of trust by ensuring responsible progress.
With a vision to be the preferred partner for its customers’
excellence and sustainability, the company innovates to help them
navigate change.
Created in 1828, Bureau Veritas’ 83,000 employees deliver
services in 140 countries. The company’s technical experts support
customers to address challenges in quality, health and safety,
environmental protection, and sustainability.
Bureau Veritas is listed on Euronext Paris and belongs to the
CAC 40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT
1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol:
BVI.
For more information, visit www.bureauveritas.com, and follow us
on LinkedIn.
About Aligned Incentives
Aligned Incentives offers a market-leading, GenAI-powered
enterprise sustainability planning solution, distinguished by the
depth and speed of its Scope 3 analytical capabilities. Trusted by
the world’s largest organizations, it helps companies efficiently
assess all environmental issues—including climate change, water
stress, biodiversity, and more—to achieve Net Zero goals and drive
business success.
Aligned Incentives bridges the gap between non-scalable product
life cycle assessment (LCA) software and high-level corporate
reporting solutions that lack granularity. Built on top-tier LCA
expertise, a comprehensive database, and GenAI-powered AITrack
software, it quickly develops custom process-based LCA across the
value chain for every product and purchase in a corporate
portfolio.
Companies are empowered to pinpoint supply chain hotspots,
assess product footprints, develop cost-effective mitigation
strategies, and report verifiable progress toward sustainability
targets. AITrack offers user-friendly interfaces for diverse
departments and stakeholders, enabling collaboration with key
suppliers and streamlining reporting for regulatory compliance and
voluntary initiatives.
Learn more about Aligned Incentives at
https://alignedincentives.com/
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ANALYST/INVESTOR CONTACTS Laurent Brunelle +33
(0)1 55 24 76 09 laurent.brunelle@bureauveritas.com Colin
Verbrugghe +33 (0)1 55 24 77 80
colin.verbrugghe@bureauveritas.com Karine Ansart +33 (0)1 55
24 76 19 karine.ansart@bureauveritas.com
MEDIA CONTACTS Anette Rey +33 (0)6 69 79 84 88
anette.rey@bureauveritas.com Martin Bovo +33 (0) 6 14 46 79
94 martin.bovo@bureauveritas.com
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