The mission of EVITY is to provide a software enabling sustainable „impact by design“. Our Sustainable Impact Buddy will digitally support companies to take informed decisions through making visible and tangible the related impact on natural, social and human aspects. Our vision is that in the future decisions will no longer be primarily based on financial gains alone but they will take into account the impact on social, human and natural capital (Return on Impact Monetized).
Investment Funds are confronted with the complexity and lack of confidence in the reliability and completeness of data provided by companies, risking to be confronted to green- or social-washing since aspects might have been missed during the due diligence process. The Impact Buddy screens all aspects of sustainability (natural, social and human capital) and aims to provide a tangible way to compare and analyze the true sustainability of an investment.
Also, a lack of qualified staff, i.e. sustainability officers, and knowledge is a burden for the financial industry. The Impact Buddy is your digital sustainability officer assisting the company in analyzing, understanding, overlooking, administer and communicating sustainability at every level of the company and for all types of projects and initiatives (not only reporting). Ultimately, the Impact Buddy reduces the human resources or external consultancy costs by the mean of digitalization.
Solution / Technology
Evity converts the sustainability cost center into a profit center through “impact by design”, offering a Digital Sustainability Officer known as the SIB (Sustainable Impact Buddy). Targeted at individuals responsible for the Asset Management Company in the financial industry sector, the tool assists in analyzing, planning, tracking, evaluating, and deciding on investments. By rendering externalities visible and tangible, the Asset Management Company can make informed decisions, promoting risk-reduced and sustainable returns.
- The global sustainable finance market size accounted for USD 4,562.85 billion in 2022 and it is expected to hit around USD 29,111.04 billion by 2032.
- The sustainable finance market size crossed USD 4.2 trillion in 2022 and is expected to grow at over 22.4% CAGR from 2023 to 2032, impelled by increasing.
- Corporates also benefit from improving transparency of on-the-ground activities related to the sourcing of natural resources and switching to sustainable supply chains. This can help companies manage their supply chain risks, risk of poor reputation, and increase overall sales revenue up to 20%.
- The number of firms subject to the EU sustainability reporting requirements, Corporate Sustainability Reporting Directive (CSRD) is estimated to be approximately 49,000.