The platform, focused on empowering individuals, businesses, and governments, rates products and services across various categories based on the United Nations 17 Sustainable Development Goals (SDGs) framework, utilising over 200 sub-indicators

In a significant development at COP28 in the UAE, EcoRatings, an AI-driven platform for ESG ratings, is poised to debut on December 5, 2023. The platform, focused on empowering individuals, businesses, and governments, rates products and services across various categories based on the United Nations 17 Sustainable Development Goals (SDGs) framework, utilising over 200 sub-indicators.

EcoRatings adopts a data-driven approach, employing a data warehouse and AI model aligned with the SDGs assessment framework. These ratings are instantly visible to consumers at point-of-sale platforms, offering immediate insight 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.”

“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,” added Aditi Balbir, Co-Founder and CEO of EcoRatings.

EcoRatings relies on authenticated data sources and employs a comprehensive methodology, incorporating web scraping, satellite imagery, and third-party verified data, including licenses. With partnerships established across more than 50 clients in diverse industries such as healthcare, personal hygiene, fashion, food and beverage, and paper and printing, EcoRatings has rigorously assessed products from notable brands like LT Foods, Soothe Healthcare, Veganologie, Printo, Kagzi, B77, among others. The platform is also accessible on the widely-used platform, Cred.