Bureau Veritas Expands Scope 3 And LCA With Acquisition

Bureau Veritas Acquires Aligned Incentives to improve its sustainability capabilities in Scope 3 emissions and product footprint assessments

A global leader in testing, inspection, and certification services, Bureau Veritas has acquired Aligned Incentives, a provider based in Massachusetts, the company announced . Its services focus on AI-enabled sustainability planning solutions. Its acquisition will increase the skills of Bureau Veritas toward assessing Scope 3 emission and LCA for their products. It is also part of a broader approach by Bureau Veritas for providing data-driven impactful solutions for its significant client list on sustainability issues.

Founded by CEO Yann Risz and COO Craig Cammarata in 2015, Aligned Incentives has made a tremendous leap forward in the sustainability arena. Its lead platform, AITrack, offers support to companies that carry out complex supply chains for providing detailed environmental footprinting on a product level based on life cycle assessments. AITrack is said to fill the gap that lies between conventional corporate reporting and the most detailed process-based LCAs. It integrates financial data to create custom assessments for every product in a corporate portfolio, thus giving organisations deeper insights into their environmental impacts.

The Aligned Incentives platform, bolstered by artificial intelligence, will complement Bureau Veritas's existing sustainability services and aid its customers—now over 400,000—in much more accurate sustainability reporting. This is part of the Bureau Veritas "LEAP | 28" growth strategy launched recently that focuses on accelerating both performance and expansion. According to Bureau Veritas CEO Hinda Gharbi, integration of Aligned Incentives' AI-based solutions with Bureau Veritas Transition Services would provide full sustainability portfolios that enable clients to monitor, manage, and report their ESG impacts at unprecedented levels of precision.

We are excited to join forces with Bureau Veritas and extend our AI-powered enterprise sustainability planning solution to deliver far-reaching global impact, said Risz. He added that "granular product and corporate footprints and mitigation strategies at scale" would be the critical help in enabling the world's low-carbon economy shift.

Acquiring such a company indicates Bureau Veritas's promise to meet increasing needs for advanced sustainability solutions in areas such as greenhouse gas accounting, climate risk assessment, sustainable finance, and traceability. It will enhance the capabilities of Bureau Veritas to provide differentiated services to its clients navigating the complex landscape of sustainability reporting and management with trust and transparency across global markets.