Monday, July 1, 2024

Launch of AI-Powered ESG Compliance Solution Amid Regulatory Shifts

  • World of Circular Economy (WOCE) announces esgpro.ai- unifying ESG reporting with intelligent AI: GRI, BRSR, TCFD, CDP and SASB made simple
  • The start-up serving clients globally, eyes expansion into MENA Region, projecting five-fold revenue growth

New Delhi, June 01, 2024 – Ahead of World Environment Day on June 5, World of Circular Economy (WOCE), a global player in climate solutions,  announces the launch of esgpro.ai – an AI-powered platform for complete ESG compliance. This launch aligns with India’s increasing commitment to sustainability and regulatory compliance.

The global ESG landscape is evolving rapidly. Various regions across the globe are introducing robust frameworks to enhance transparency and accountability. For instance, in 2021, India’s Securities and Exchange Board of India (SEBI) introduced the Business Responsibility and Sustainability Reporting (BRSR) framework for the top 1,000 listed companies, replacing the voluntary Business Responsibility Report (BRR). Recently, the BRSR Core Disclosures and Assurance demands of 2023 have further emphasised the need for transparency, accountability, and alignment with global standards.

Recognising these needs, WOCE has developed a comprehensive ESG platform. “Our new platform includes advanced features such as an ESG dashboard, ESG reporting (including Global Reporting Initiative-GRI, Business Responsibility and Sustainability Report-BRSR, Task Force on Climate-related Financial Disclosures-TCFD, Carbon Disclosure Project-CDP, and Sustainability Accounting Standards Board-SASB), GHG accounting, a decarbonisation roadmap, an offsetting marketplace, and AI-powered ESG reporting and compliance,” said Anup Garg, Founder and Director of WOCE. 

He further added, “It’s a game-changer for businesses navigating sustainability and regulatory compliance, providing essential tools to integrate ESG principles into core strategies for long-term value creation and societal impact.”

WOCE, a Delhi-based start-up, serves business/ clients globally, across sectors such as Oil & Gas, Finance, Logistics, Manufacturing, Events and Entertainment, Services, Utilities and Travel and Hospitality. 

It recorded significant growth in FY 2023-24, with revenues doubling compared to the previous year. “Looking ahead, WOCE plans to expand its footprint in the MENA region, aiming to multiply its revenues five-fold through market diversification and strategic partnerships,” Garg said.

About WOCE

Founded in May 2022, World of Circular Economy (WOCE) is dedicated to providing innovative and affordable sustainability solutions for businesses of all sizes. WOCE offers comprehensive sustainability solutions globally, including advisory services, innovative technology products like Carbon Ledger, Carbon Book, Carbon Certificate Management, Green APIs and Global Carbon Offsets. 

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