Written by
Tony Pius Alapatt
Published on
February 1, 2025
In today’s world, sustainability is no longer just a buzzword — it’s a necessity. Organizations worldwide are increasingly held accountable for their Environmental, Social, and Governance (ESG) performance. Recognizing this global shift, BillionLives Business Initiatives Pvt. Ltd. has developed ESGwise, a cutting-edge SaaS solution designed to simplify and enhance ESG management for businesses of all sizes.
ESGwise was born out of a singular mission: to help organizations navigate the complexities of ESG compliance, performance monitoring, and reporting with ease. BillionLives, with its strong foundation in sustainability-driven technological solutions, transitioned into software product development in 2019. Drawing insights from its previous projects and the rapidly evolving ESG space, the team launched ESGwise as a comprehensive tool to address the challenges faced by organizations in managing and improving their ESG performance.
At its core, ESGwise is an innovative sustainability management platform designed to help businesses streamline ESG processes and make data-driven decisions. One of its most notable features is its AI-powered chat assistant, which provides:
· Learning: Real-time insights on ESG trends and best practices, sourced from trusted and reliable information.
· Discovery: The ability to uncover patterns, risks, and opportunities within ESG data.
· Engagement: An intuitive, conversational interface that makes ESG queries easy to navigate.
· Creation: Tools to help organizations generate reports, set measurable goals, and craft actionable strategies aligned with ESG objectives.
But that’s not all. ESGwise also includes powerful features like industry benchmarking and peer analysis, allowing businesses to evaluate their ESG performance against global standards and competitors. By analyzing public ESG reports and other relevant publications, ESGwise provides:
· Comprehensive peer benchmarking based on ESG KPIs across different industries.
· Performance and digital reputation score, enabling organizations to understand their standing relative to industry peers.A digital reputation score is a metric derived by analyzing publicly available information, such as media articles and online content, related to a company. By aggregating and evaluating this data, the score reflects the organization’s reputation, offering insights into its public perception and industry standing.
ESGwise allows organizations to easily set up detailed company profiles, capturing key information such as industry, revenue, fiscal year, and even International Securities Identification Numbers (ISINs). This foundational step is essential for seamless ESG tracking.
ESGwise excels at centralizing data from multiple sources. Whether it’s manual entries, spreadsheets, or APIs, the platform ensures the accuracy and consistency of all data by applying robust cleaning and validation processes.
ESGwise simplifies ESG reporting by aligning with major global frameworks such as:
· GRI (Global Reporting Initiative)
· SASB (Sustainability Accounting Standards Board)
· BRSR (Business Responsibility and Sustainability Report)
The platform’s automated workflows eliminate manual errors, ensuring that reports are timely, accurate, and fully compliant.
Track critical ESG metrics like energy consumption, emissions, waste management, and water usage. ESGwise covers a comprehensive range of nearly 100 KPIs across the three pillars of ESG — Environmental, Social, and Governance. These include metrics such as energy intensity, greenhouse gas emissions, water withdrawal, workforce diversity, employee turnover, board composition, and more, enabling organizations to monitor and report on their sustainability performance with precision.
ESGwise allows organizations to assess the ESG performance of their supply chain with precision. The platform provides tools to evaluate supplier risks, pinpoint areas for improvement, and ensure that suppliers align with the organization’s sustainability goals.
ESGwise provides actionable insights by comparing ESG data against industry benchmarks. This helps organizations identify their strengths, weaknesses, and areas of improvement, fostering better decision-making.
ESGwise leverages generative AI to support key business processes through the ESGwise Assistant. This assistant helps businesses by providing:
· Preloaded company profiles for more than 1,000 listed companies in India and over 50 companies internationally.
· Insights on public ESG sentiment and digital reputation surrounding companies and their suppliers.
· Tools for peer benchmarking and ESG performance analysis.
· Tailored guidance, recommendations, and in-depth research.
The development of ESGwise was driven by BillionLives’ commitment to leveraging technology for meaningful impact. From the very beginning, the platform was designed to address real-world challenges in ESG compliance and strategy execution. By understanding market needs and incorporating feedback from various stakeholders, the team refined ESGwise into a robust, user-friendly platform.
Some key milestones in the journey include:
· Helping organizations manage ESG data across multiple locations.
· Supporting large-scale government and CSR initiatives, touching over 23 million lives and managing $1.2 billion in funds.
· Building scalable tools for complex data standardization and visualization.
The creation of ESGwise wasn’t just about building a tool — it was about solving real-world challenges. BillionLives designed the platform to cater to businesses of all sizes, understanding that every organization’s ESG journey is unique. Here’s how ESGwise stands out:
· Ease of Use: With its intuitive interface and automated processes, ESGwise reduces the steep learning curve often associated with ESG tools.
· Comprehensive Coverage: From GHG accounting to materiality assessments, ESGwise covers every aspect of ESG management.
· Scalability: Whether you’re a small startup or a multinational corporation, ESGwise adapts to your specific needs and complexity.
· Global Applicability: ESGwise aligns with a wide range of global ESG frameworks, making it suitable for organizations across regions and industries.
ESGwise is designed to cater to a wide array of stakeholders:
· Corporates: Easily meet compliance requirements, track ESG performance, and achieve sustainability goals.
· Investors: Evaluate the ESG performance of portfolios and manage associated risks.
· Governments and NGOs: Leverage ESGwise for large-scale project management and transparent reporting.
· ESG Analysts: Utilize ESGwise to efficiently gather, analyze, and report ESG data, enabling insightful decision-making and performance evaluation.
Imagine a company grappling with fragmented ESG data across different departments. ESGwise pulls all of this data into one unified, accessible dashboard. Whether it’s tracking greenhouse gas emissions or assessing supplier risks, the platform transforms ESG from a compliance burden into a strategic advantage.
Consider a corporation using ESGwise: it can streamline reporting, reduce the time spent on data collection, and generate actionable insights to improve sustainability performance. This not only enhances the company’s reputation but also fosters trust among its stakeholders.
As global challenges like climate change and social inequality demand greater accountability, platforms like ESGwise are more important than ever. With its robust features, intuitive interface, and commitment to user success, ESGwise is not just a tool — it’s a long-term partner in driving sustainability.
At BillionLives, our journey doesn’t end with creating innovative products. We’re committed to empowering organizations to make meaningful contributions to society and the planet. ESGwise is at the forefront of this mission, setting new benchmarks for ESG management and shaping a sustainable future.