Financial modelling technology solutions company Miagen has announced an investment of €1.8m in the launch of its new product GreenGen.
GreenGen is a tool designed to help businesses streamline compliance with the Corporate Sustainability Reporting Directive (CSRD) and other ESG reporting frameworks.
The CSRD is a new EU-wide regulation that aims to improve sustainability transparency, while also providing the EU with greater insights into key sustainability and environmental issues. It is initially targeted at Europe's biggest enterprises.
Miagen's GreenGen provides businesses with a platform that collects ESG-related data and gives them insights into their carbon footprints, while also simplifying reporting for the new CSRD.
In doing so, it will ensure that businesses are making real, measurable and compliant progress in their sustainability efforts.
GreenGen is the result of two years of research and development and the investment is the culmination of this research, along with technology, training and new hires at Miagen.
Teddy Murphy, CEO of Miagen, said that environmental integrity is one of the greatest assets a business can have right now.
"In addition, the increasing complexity of ESG reporting - intensified by the introduction of the CSRD - means that businesses must get to grips with their data. GreenGen will be a game-changer for organisations as they navigate these complex issues as it greatly simplifies reporting and it will give them insights that they, until now, have never had - or even knew were possible, " Mr Murphy said.
"The launch of GreenGen is a natural next step for Miagen, as it relies on the same technologies and expertise that have earned us our global reputation for intelligent enterprise planning," he said.
"What gets measured, gets managed and we are confident that GreenGen is the tool businesses need to crystallise their data into action," he added.
