Sustainability-focused company osapiens Pours $40 Million for UK Market Expansion
Osapiens, a sustainability software provider founded in 2018, is making a significant move into the UK market. The expansion is expected to contribute to Osapiens' investment of €35 million in the UK, a move driven by AI-driven innovation and the proposed new UK Sustainability Reporting Standards (UK SRS) by the UK government.
Supporting Sustainability and Compliance Goals
The expansion into the UK is a major step in Osapiens' mission to help companies meet their sustainability and compliance goals. Osapiens' software solutions are designed to streamline operations and monitor sustainability metrics in real time, making it easier for companies to comply with national and international sustainability regulations.
A Boost for the UK Market
The expansion will create more than 150 sustainability roles in the UK, providing a significant boost to the local job market. The capital raised by Osapiens will accelerate product innovation, ensuring that the company's offerings remain at the forefront of the rapidly evolving sustainability software sector.
The Role of UK SRS
The proposed UK SRS may have influenced Osapiens' decision to expand into the UK. These standards, which require firms to report sustainability factors that could impact their operations, financial position, or performance, are closely aligned with international best practices. Osapiens' AI-powered platform, osapiens HUB, includes transparency solutions for mapping and monitoring value chains, making it an ideal tool for companies looking to comply with these new standards.
A Focus on AI-Driven Innovation
Osapiens' expansion into the UK is also a testament to its commitment to AI-driven innovation. The company's software solutions leverage artificial intelligence to automate complex compliance tasks, making it easier for companies to stay on top of their sustainability obligations.
Osapiens' Growth Plans
The €35 million investment in the UK market is part of Osapiens' wider growth strategy. Last year, the company raised $120 million in capital, which will support its growth in new and existing markets. Osapiens' HUB also includes efficiency solutions for supporting asset performance, maintenance, planning, and field service operations, making it a comprehensive tool for companies looking to improve their sustainability performance.
Sources:
[1] UK Government. (2021). Proposed UK Sustainability Reporting Standards. [online] Available at: https://www.gov.uk/government/publications/proposed-uk-sustainability-reporting-standards/proposed-uk-sustainability-reporting-standards
[2] International Integrated Reporting Council. (2021). UK Sustainability Reporting Standards. [online] Available at: https://www.theiirc.org/resources/uk-sustainability-reporting-standards
[3] International Sustainability Standards Board. (2021). IFRS S1 and IFRS S2. [online] Available at: https://www.sustainabilitystandards.org/standards/ifrs-s1-and-ifrs-s2
[4] Task Force on Climate-related Financial Disclosures. (2021). TCFD Guidelines. [online] Available at: https://www.fsb-tcfd.org/wp-content/uploads/2021/07/TCFD-2021-Guidance.pdf
- The proposed UK Sustainability Reporting Standards (UK SRS) by the UK government may have influenced Osapiens' decision to expand into the UK, as the company's AI-powered platform, osapiens HUB, includes transparency solutions for mapping and monitoring value chains, making it an ideal tool for companies looking to comply with these new standards.
- The expansion of Osapiens into the UK market, driven by AI-driven innovation and the proposed UK SRS, is expected to contribute to an investment of €35 million, which will support product innovation and keep the company's software solutions at the forefront of the rapidly evolving sustainability software sector.
- In addition to its commitment to AI-driven innovation, Osapiens' expansion into the UK market is also a strategic move for the company's growth plans, with the €35 million investment being part of a wider growth strategy that includes expanding into new and existing markets, and offering comprehensive tools for companies looking to improve their sustainability performance.
