In the next coming years, Environmental Social Governance (ESG) initiatives and regulations will keep organizations quite busy with ensuring they are compliant. The EU, for example, has issued a mandate where by 2024, a predefined set of large companies have to begin reporting on their sustainability efforts – the mandate will trickle down to smaller companies in the years soon after.Â
Though the mandate does not directly influence us at Semantic Web Company yet, we are still committed to acting on ESG initiatives early. Internally, we have begun implementing policies that reflect sustainabilty from a structrual and company culture standpoint. For external purposes, we have been developing products that can help other organizations remain compliant with ESG.
This blog gives an overview on all our recent activities related to the topic.Â
Introducing Recomentor: Your trusted AI assistant for ESG.
Recomentor is a newly launched platform dedicated to ESG management. The Recomentor product stack comprises a reporting and benchmarking platform, a ready-made data product bundle, and a Conversational AI assistant that answers questions about ESG. By harnessing the power of graph technologies, Recomentor helps organizations navigate the complex world of ESG standards and regulations, ensuring they stay ahead of regulatory demands and build sustainable strategies that protect both reputation and financial performance.
The Key Advantages that Recomentor Brings to Organisations
- One-stop-shop for ESG standards and frameworks:
Recomentor consolidates global standards, policies, and regulations into one platform, allowing businesses to accelerate their time to insight. From global standards like the CSRD and EU Taxonomy to more localized requirements, Recomentor ensures that all relevant data is available for reporting.
 - Peer benchmarking and strategic decision making:
Recomentor’s peer benchmarking capabilities help to identify high-impact initiatives and keep up with industry trends. This data-driven approach allows organisations to prioritise ESG actions that align with business objectives and regulatory demands. - Risk detection and mitigation capabilities:
Recomentor’s AI-powered tools provide businesses with a clear view of potential ESG risks-both known and hidden-and their cascading effects. By helping organizations identify gaps in their ESG strategy, Recomentor reduces the likelihood of costly errors and ensures long-term security.
 - Seamless integration with existing systems:
Choose between SaaS or a customizable data product integrated with third-party tools via API. The software also offers data storage on Microsoft Azure or AWS, ensuring secure and efficient data handling.
ESG and Sustainability AI Solutions
Investors and corporate clients use Semantic Web Company’s ESG solutions to gain deep insights into the ESG performance of companies in the context of value chains, portfolios or industry comparisons. Compliance checks along predefined frameworks and individually configurable ESG criteria are supported as well as smart recommendations regarding possible opportunities.
Check out our customers, solutions, and use cases here.
PoolParty Meets ChatGPT
First released by a company called OpenAI in November, ChatGPT is a large language model that has been celebrated for its ability to generate texts based on questions asked by the user.Â
While ChatGPT has had a monumental impact on the world of chat bots, it does have its limitations. Aside from having virtually no explainability (in other words, the sources it derives its answers from are not transparent), it often provides inaccurate or abbreviated summaries to questions that could otherwise be filled with information.
In response to this, the PoolParty Team created PoolParty Meets ChatGPT, which adds an additional layer to ChatGPT that not provides more comprehensive answers and enrichens the answers with sources from the knowledge graph.
See the difference in answer quality? You can ask the model your own ESG-specific questions for free.
ESG Risk Management
Below the surface, ESG presents a lot of corporate risks: compliance risk, investment risk, supply chain risk, and reputation risk. The underlying problem associated with these risks is that organizations lack clarity on standards and are fed data from too many sources.
A dedicated ESG Knowledge Model can help organizations get a better holistic picture of the data and actively manage their risks. Read more about the PoolParty Knowledge Model and specific use cases in this leaflet.
Webinar: ESG Strategies with Semantic AI
In this webinar, we introduced the ESG topic and showed that the use of a comprehensive ESG knowledge model can support the implementation of ESG strategies in a multitude of ways.Â
Led by Semantic Web Company CEO Andreas Blumauer, this webinar touched on some of the following key topics:
- Demos of the ESG Knowledge Hub and PoolParty Meets ChatGPT
- How to integrate a knowledge model across different interests
- The ESG hierarchical target systems (e.g. SDGs, EU taxonomy, etc.)
- Multi-layered regulatory conditions in complex, dynamic knowledge domains
- Real-life PoolParty case studiesÂ
Book a demo with our Recomentor team!
To learn more about Recomentor and pricing options, please book a call with our experts. Our team is ready to demonstrate how Recomentor can empower your organization.
The kickoff call includes:
- A walkthrough of the Recomentor interface and its main features
- Examples of common use cases (like double materiality and CSRD compliance)
- A summary of the benefits
- Pricing information
- Q&A
