Last Updated: November 8, 2024

In this video, Marjella Lecourt-Alma, CEO of Datamaran, joined ESG News CEO Matt Bird to delve into the transformative role of AI and data in corporate ESG strategies. Marjella highlighted how Datamaran’s AI-driven platform is empowering companies to transcend basic compliance by identifying and prioritizing key ESG issues specific to their unique business contexts.

Marjella Lecourt-Alma explained that by harnessing AI, Datamaran enables organizations to pinpoint the most relevant and impactful areas of ESG, allowing them to streamline their focus and effectively “take these issues off their plate.” This approach helps companies stay ahead of emerging trends and regulations, not only meeting but often exceeding compliance standards. Marjella emphasized that by proactively addressing these issues, companies are able to drive real change in sustainability, setting themselves apart as leaders in the ESG landscape.

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Datamaran is a leading provider of AI-powered Environmental, Social, and Governance (ESG) risk management software. Their platform enables businesses to identify and monitor material ESG risks and opportunities, facilitating data-driven decision-making and strategic planning.

In September 2024, Datamaran secured $33 million in Series C financing from Morgan Stanley Expansion Capital. This investment aims to accelerate the company’s growth in the U.S. market and advance initiatives in generative AI. Since its previous funding round, Datamaran has more than doubled its subscription revenue, reflecting the increasing demand for its ESG governance and risk solutions among C-suite executives.

Related Video: https://esgnews.com/morgan-stanley-leads-33-million-series-c-funding-for-datamaran-to-accelerate-esg-software-growth-and-ai-initiatives/

In October 2023, Datamaran launched the docuseries “New Heroes of Sustainable Business,” featuring business leaders from organizations like Consello Group, Heathrow Airport, Eastman, and Vontier. The series showcases personal stories and insights into effective ESG strategies, emphasizing the importance of governance and materiality in corporate sustainability efforts.

Datamaran’s platform allows clients to monitor over 400 external risk factors, transforming ESG compliance from a cost center into a value driver. The company’s nearly 200 clients include prominent organizations such as Dell, Cisco, Kraft Heinz, Deloitte, JPMorgan, and PepsiCo. Additionally, Datamaran collaborates with the European Financial Reporting Advisory Group (EFRAG) to support the development of the European Sustainability Reporting Standards.

Overall, the discussion underscored benefits of using AI and data analytics as tools for sustainable corporate growth and a proactive approach to ESG challenges. AI aids businesses in evolving beyond traditional compliance to make meaningful, lasting impacts on their environmental and social practices.

Special thanks to our partners Datamaran and CFA Institute and The Nest Climate Campus #ClimateWeekNYC.

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