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Sustainability Technology

Ecolithic

Ecolithic AI

Ecolithic utilizes advanced technologies, such as artificial intelligence (AI), to complement our services and products. EcolithicAI operates with a large language model (LLM) and learns as we feed it with new reports and documents. Therefore, it knows a lot about sustainability. EcolithicAI is in most cases a supportive tool, not a main actor. Hence, while we deploy technology and increase efficiency accordingly, we double-check outputs to ensure EcolithicAI operates properly all the time. What makes EcolithicAI different:

EcolithicAI, as an expert AI, knows the general sustainability reporting language and terminology, avoiding any misunderstanding in processing information.

EcolithicAI minimizes typical AI failures, such as hallucinations, as it operates mainly in a specific field, namely sustainability.

We constantly fine-tune and optimise EcolithicAI to ensure high performance and adaptability.

EcolithicAI deploys verification tests to check accuracy and increase reliability.

Most importantly, sustainability experts at Ecolithic double-check the outputs.

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CSRD/ESRS Suite

The Corporate Sustainability Reporting Directive (CSRD) is the name of sustainability reporting that will affect not only European companies but also all economic actors having economic and financial ties with the bloc. The CSRD entered into force in January 2023. EFRAG introduced European Sustainability Standards (ESRS) in sustainability reporting in the EU. Along with EcolithicAI, our CSRD/ESRS Suite helps firms in their sustainability reporting.
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ESG Suite

ESG Suite aims to collect data on environmental, social, and governance (ESG) factors and help produce ESG-related reports. ESG Suite may work with other reporting suites and EcolithicAI. For the EU firms, the CSRD/ESRS Suite utilizes data points addressed by the ESRS.

ESG Suite can also generate due diligence reports.

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EU Taxonomy Suite

EU Taxonomy Suite performs all Taxonomy analyses and generates Taxonomy-key performance indicators (KPIs). Eligibility analysis, alignment analysis, do no significant harm (DNSH), and minimum safeguards are the necessary analyses in this suite. Users can either perform one or all of them at the same time to get their KPIs, revenue KPI, capital expenditure KPI (Opex KPI), and operating expenses KPI (Opex KPI). EU Taxonomy Suite is supported by EcolithicAI.
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SFDR Suite

The Sustainable Finance Disclosure Regulation (SFDR) is the main regulation in this field. SFDR is for asset managers and financial market participants (FMPs) to disclose sustainability information. Ecolithic’s SFDR Suite supports asset managers and financial market participants in their SFDR disclosures. SFDR Suite is supported by EcolithicAI.
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IFRS S1/S2 Suite

Ecolithic’s IFRS S1/S2 Suite generates IFRS S1 and S2 disclosures with the support of EcolithicAI.
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GRI Reporting Suite

The GRI sustainability standards are applicable to any organization – large or small, private or public – to understand and report on their impacts on the economy, environment, and people. Ecolithic’s GRI Suite, supported by EcolithicAI, is for sustainability reporting in line with the GRI Standards.

Ecolithic is a proud community member of GRI.

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CBAM Suite

Introduced in 2023 by the EU, the Carbon Border Adjustment Mechanism (CBAM) aims to reduce carbon emissions and put a fair price on carbon emissions for the products of the following sectors: iron/steel, cement, fertilizers, aluminum, hydrogen, and electricity. EU-based businesses when they import products and goods in these sectors will submit CBAM reports on a quarterly basis and register in the CBAM Transitional Registry.

Ecolithic’s CBAM Suite generates CBAM reports for business organizations in support of Ecolithic AI.

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Carbon Footprint Suite

The world needs to cut carbon emissions along with other greenhouse gases (GHG). Carbon Footprint Suite calculates emissions and indicates their sources under globally accepted methodologies. It is a tool in decarbonization strategies toward net-zero policies.
When enabled by the sources, Carbon Footprint Suite can show near-real-time data and locations with user-friendly visualization tools and dashboards.
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Water Footprint Suite

Water Footprint Suite aims to measure the amount of water used in productions and services. Similar to Carbon Footprint Suite, it operates under globally accepted methodologies. It is a tool for minimizing water footprint strategies. It can show a product-based or organization-based footprint, direct or indirect use of water, including consumption and pollution, considering the life cycles and value chains.
When enabled by the sources, Water Footprint Suite can show near-real-time data and locations with user-friendly visualization tools and dashboards.
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Corporate Governance Suite

Ecolithic provides practical software solutions via its Corporate Governance Suite. It offers corporates online and easy-to-navigate platforms for their board meetings. It helps organize meetings, manages meeting documents, and provides summaries and minutes after meetings.
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Life Cycle Assessment / Analysis (LCA) Suite

LCA Suite provides information about the full impact of products. It enables users to compare the sustainability level of their products and make comparisons among similar ones or over time.
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Materiality Assessment (MA/DMA) Suite

MA/DMA Suite enables business organizations to assess their material issues to their organizations. It includes single or double material assessments based on the requirements. For example, CSRD/ESRS requires DMA for reporting organizations. IFRS S1/S2 addresses single/financial materiality assessments. Ecolithic’s MA/DMA Suite, supported by EcolithicAI, can provide all of them.
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Stakeholder Engagement Suite

Stakeholder Engagement Suite can be used for multiple purposes at companies, either for better corporate governance or double materiality assessments. For example, CSRSD/ESRS requires reporting companies to conduct DMA company-wide, including their stakeholders, either internal or external.
Stakeholder Engagement Suite considers regulatory and governance expectations and provides user-friendly solutions in governance and reporting.
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Value Chain Suite

Our Value Chain Suite works with governance and reporting functions, collects and integrates value chain data across various data sources, and visualizes value chain partners, and their values in carbon footprint and water footprint by each partner, by location, and over time. Value chain mapping is an essential part of today’s governance and sustainability reporting. In particular, CSRSD/ESRS puts a great emphasis on value chain reporting, both upstream and downstream.

DATA SECURITY

EcolithicAI does not rely on generic AI. EcolithicAI uses its servers locally. Ecolithic deploys end-to-end data protection tools, audit trails, and advanced data protection measures.

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