VIRIDAD is a customizable digital platform that utilizes a defined taxonomy framework to enhance assessment and scoring processes. By streamlining evaluation workflows, it improves accuracy and efficiency in data-driven decision-making for organizations.
Funding
Funding not disclosed
Founders
Product
Problem
Many companies struggle to navigate the complexities of Environmental, Social, and Governance (ESG) reporting, particularly with evolving standards like the EU Taxonomy and the Corporate Sustainability Reporting Directive (CSRD). Gathering and structuring the necessary data for compliance can be time-consuming and costly, hindering their ability to demonstrate sustainability performance.
Solution
VIRIDAD offers a software solution designed to streamline ESG reporting and ensure compliance with the EU Taxonomy and CSRD/ESRS standards. The platform helps companies assess the eligibility and alignment of their economic activities with the EU Taxonomy criteria, including "Substantial Contribution," "Do No Significant Harm (DNSH)," and "Minimum Safeguard." It automates the calculation of key performance indicators (KPIs) such as Turnover, CapEx, and OpEx, and generates EU Taxonomy reports. VIRIDAD also supports CSRD data collection, facilitating seamless integration into existing IT systems and bi-directional data exchange.
Target Audience
The primary target audience includes ESG managers and sustainability professionals within large EU companies and SMEs required to comply with the CSRD and EU Taxonomy, as well as investors seeking to evaluate the sustainability performance of companies.
Features
- Assessment of eligibility of economic activities under the EU Taxonomy
- Evaluation of alignment with EU Taxonomy criteria (Substantial Contribution, DNSH, Minimum Safeguards)
- Automated calculation of KPIs (Turnover, CapEx, OpEx) for EU Taxonomy reporting
- Generation of EU Taxonomy reports in the required format
- CSRD data collection support with intuitive user interfaces
- Integration with existing systems via API for data exchange
- SSO-ready web-based interface
- Continuous regulatory updates to reflect changes in EU Taxonomy and CSRD/ESRS standards