PARIS, Oct. 23, 2024 /PRNewswire/ -- Bureau Veritas, a global leader in testing, inspection, and certification services, today announced the acquisition of Aligned Incentives, an innovative provider of AI-powered sustainability planning solutions. This strategic move enhances Bureau Veritas' capabilities in Scope 3 emissions analysis and life cycle assessment (LCA). Aligned Incentives is recognized for its top tier AI technology and deep expertise in sustainability metrics, positioning it at the forefront of the rapidly evolving field of sustainability impact assessment. This acquisition represents a pivotal step in Bureau Veritas' LEAP | 28 strategy, establishing a new stronghold in sustainability transition services.

The acquisition of Aligned Incentives augments Bureau Veritas' capabilities to build trust with global, granular sustainability data, designed to support its clients as they monitor their Scope 3 impact. Aligned Incentives' system, which combines top-tier life cycle assessment (LCA) expertise, an extensive database, and AI-powered AITrack software, will enable custom process-based LCA for every product across a corporate portfolio. The company's expertise in areas like greenhouse gas accounting, climate risk assessment, sustainable finance, traceability and ESG data management will strengthen Bureau Veritas' capabilities, allowing the company to accompany its customers throughout their sustainability journey. These new services will also address the growing demand for transparent, data-driven sustainability reporting. The company is headquartered in Middleton, Massachusetts, and delivered €3.5 million revenue in 2023.

"The acquisition of Aligned Incentives is Bureau Veritas' first investment in the fast-growing strategic sector of AI-powered solutions for product Life Cycle Assessment and is a pivotal moment for the Group as we continue to execute on our LEAP | 28 strategy," said Hinda Gharbi, Chief Executive Officer of Bureau Veritas. "By integrating Aligned Incentives' market-leading, AI-powered sustainability planning solutions with the rest of our Transition Services, Bureau Veritas will create differentiated solutions. This comprehensive portfolio will help our global clients build trust in their products and corporate practices, enabling them to measure, manage, and report on their environmental, social and governance impact with unprecedented accuracy and speed, regardless of their geographical footprint."

"We are excited to join forces with Bureau Veritas and extend our AI-powered enterprise sustainability planning solution to deliver far-reaching global impact, including to Bureau Veritas' 400,000 customers," added Yann Risz, CEO and Co-founder of Aligned Incentives. "Together, we will equip organizations with trustworthy, granular product and corporate footprints and mitigation strategies at scale, including best-in-class Scope 3 insights, to accelerate their transition to a low-carbon economy."