India, 29th November 2023: Amidst the global convergence at the 28th United Nations Conference of Parties (COP28) in the UAE, EcoRatings, the world’s first AI-powered platform for ESG ratings for products and services, is set to make a ground-breaking debut at the international summit on December 5th, 2023.
EcoRatings is a revolutionary AI-focused platform designed to empower individuals, businesses, and governments by rating all categories of products and services on the United Nations 17 SDG framework with 200+ sub-indicators. It utilizes a data-driven approach with a big data warehouse and AI model based on the Sustainable Development Goals assessment framework. The ratings are visible to buyers at point-of-sale platforms, providing consumers with immediate visibility into the sustainability of their choices.
Commenting on the launch, Shruti Anand, Co-founder and CGO of EcoRatings, said, “EcoRatings is a powerful tool and stands as the sole global solution for ESG ratings, distinguished by its speed and scalability. It streamlines sustainable decision-making for consumers and businesses and empowers companies to map their scope 3 emissions comprehensively. Leveraging advanced AI-led capabilities, the platform helps businesses navigate their supply chain and make informed decisions by selecting vendors who adhere to sustainable practices. This not only enhances transparency in the supply chain but also aligns businesses with environmentally responsible choices, contributing to their broader sustainability goals.”
Aditi Balbir, Co-Founder and CEO of EcoRatings, added, “The launch of EcoRatings at a global platform like COP28 represents our unwavering commitment to the United Nations Sustainable Development Goals (UNSDGs). These goals serve as the fundamental pillars of our framework, guiding and shaping our initiatives to ensure that they are innovative and contribute significantly to addressing global challenges. The integration of UNSDGs underscores our holistic approach to ESG ratings, positioning EcoRatings as a catalyst for positive change on a global scale.”
The platform relies exclusively on authenticated data sources, employing a comprehensive methodology that combines web scraping, satellite imagery, and third-party verified data, including licenses.
EcoRatings has established partnerships with more than 50 clients spanning diverse industries, including healthcare, personal hygiene, fashion and accessories, food and beverage, and paper & printing. Among the notable brands whose products have undergone rigorous assessment for ratings are LT Foods, Soothe Healthcare, Veganologie, Printo, Kagzi, B77, and many others. EcoRatings is also present on a popular platform, Cred.
During the official launch of EcoRatings on December 5th at COP28, the platform’s capabilities and potential impact on climate action will be highlighted on an international platform. As the global community turns its attention to COP28 and addresses the urgent challenges surrounding climate change, EcoRatings stands as a beacon of hope, offering a practical and scalable solution for a more sustainable future.