Socialsuite, a sustainability risk management technology firm, has launched a pioneering AI-driven platform designed to help organisations comply with the Corporate Sustainability Reporting Directive
The platform is positioned as the first of its kind to deliver an end-to-end double materiality software solution.
The product responds to growing regulatory pressure on companies to meet new EU sustainability reporting requirements. With expectations mounting under the CSRD and the evolving global standards like ISSB, Socialsuite aims to offer a streamlined path for organisations to identify, assess, and disclose material risks and opportunities.
The Australia-headquartered company, known for developing ESG and sustainability software, empowers corporates and consultants to manage their impact assessments, disclosures, and engagement strategies. Its tools are used by sustainability teams and advisors globally to enhance the integrity and efficiency of ESG reporting.
The new platform eliminates the need for cumbersome spreadsheets by consolidating materiality data, stakeholder engagement inputs, and supporting documentation into one collaborative and auditable space. Using AI benchmarking, it enables companies to assess key sustainability impacts and align with ESRS and IFRS frameworks, significantly cutting down the time and cost of the double materiality process.
Key features include real-time stakeholder engagement tracking, impact-risk-opportunity (IRO) mapping across the value chain, and flexible scoring tools. The software also integrates strategic project management functionality, allowing sustainability leaders to run and document assessments seamlessly.
Early adopters from industries such as gaming and logistics have already validated the tool’s effectiveness. Sustainability leaders praised the platform’s ability to deepen stakeholder insights, drive internal alignment, and elevate ESG strategies beyond compliance.
Socialsuite CEO Seth Forman said, “As organisations face increasing regulatory pressure, they need a solution that not only ensures compliance but also streamlines and enhances their materiality risk assessments. Our new platform combines cutting-edge AI with collaborative project management tools, helping companies reduce the time and cost of conducting a double materiality assessment by up to 80%.”
Azuri managing director Jeffrey Crawford added, “Socialsuite’s platform is filling a major ESG tech stack gap. Its ability to map dependencies, business activities, and relationships across the value chain and digitally connect flexibly score IROs truly sets it apart from other providers.”
Testimonials from clients include Tabcorp head of sustainability Renata Lopes, who said, “Socialsuite has been a game-changer for us. Their platform and expertise made our materiality assessment so much smoother and faster. We got deeper insights from stakeholders, which really strengthened our reporting and strategy.”
Kai Martin, chief sustainability officer at The Pasha Group, also commented, “Socialsuite’s combination of innovative technology and expert advisory support helped us navigate the complexities of sustainability in our sector. The materiality assessment process gave us clear insights into the priorities of our stakeholders, eliminating the guesswork and providing us with a strategic roadmap for the future.”
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Source: https://fintech.global/
