HERMESNET automates the collection, validation, and reporting of ESG sustainability data using blockchain technology and AI-driven analytics, ensuring compliance with frameworks like TCFD and GHG. The platform addresses the challenges of data accuracy and transparency in sustainability reporting, enabling organizations to effectively track their progress towards Net Zero and other ESG objectives.
Funding
$791.3K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations struggle with the complexities of collecting, validating, and reporting ESG (Environmental, Social, and Governance) data, leading to inaccuracies and a lack of transparency. This makes it difficult to comply with reporting frameworks such as TCFD (Task Force on Climate-related Financial Disclosures) and GHG (Greenhouse Gas Protocol) and hinders effective tracking of sustainability goals.
Solution
HERMESNET offers an AI-powered platform that automates the entire ESG data lifecycle, from collection and validation to reporting and analysis. The platform streamlines data collection through secure API connections to financial, accounting, CRM, and ERP systems, as well as direct input from supply chain participants. AI and machine learning are leveraged to assess materiality, generate reporting templates aligned with leading frameworks, and identify key ESG insights. Blockchain technology ensures data accuracy and provides an immutable audit trail, preventing greenwashing and enhancing stakeholder trust.
Target Audience
HERMESNET serves corporations of all sizes and private equity firms seeking to streamline ESG reporting, improve data accuracy, and demonstrate their commitment to sustainability.
Features
- AI-powered materiality assessments to identify relevant ESG topics
- Automated ESG reporting template generation compliant with TCFD, GHG, and SDG frameworks
- Secure API connections for streamlined data collection from various systems
- Supply chain management tools for engaging suppliers and collecting sustainability data
- Blockchain-based data validation and auditing to ensure accuracy and prevent greenwashing
- Cloud-based collaboration platform for stakeholder engagement and task management
- End-to-end encrypted platform for secure data handling
- ESG report generation and sharing capabilities