Greenly & MetricStream Ink Climate, Risk Management Software Partnership

Software providers MetricStream and Greenly are partnering to help customers achieve their sustainability and ESG goals, and to connect their connect their carbon emission initiatives to their ESG strategies, the two companies said.

MetricStream, based in San Jose, California, develops a SaaS platform for Integrated Risk Management and GRC (governance, risk, and compliance). The company, founded in 1999, had 1,454 employees listed on LinkedIn as of March 2023. MetricStream's partner program is listed here.

Greenly's carbon accounting software "enables businesses of any size and in any industry to measure, reduce, and offset their carbon footprint at an affordable price," the company said. Greenly, founded in 2019 and based in New York, had 191 employees listed on LinkedIn as of March 2023. Greenly's partner program is listed here, and Net Zero Contributor Certification details are here.

The MetricStream-Greenly relationship, according to the two companies, will help customers and partners to:

1. Measure, monitor, and reduce their emissions on Scopes 1, 2, and 3 following the greenhouse gas (GHG) protocol methodology;
2. monitor emissions emerging directly from controlled assets, indirect emissions, and emissions from third-party and vendor operations, all in one place; and
3. gather emissions data via Greenly, and then produce disclosure reports, track, and monitor ESG insights, identify and assess ESG risks, identify disclosure gaps, and more through MetricStream.

MetricStream and Greenly Partnership: Executive Perspectives

In a prepared statement about the relationship, MetricStream Co-CEO Prasad Sabbineni said: “Most organizations are still struggling to gain a holistic view of their carbon emission and how it relates to disclosure reporting and ESG programs. Access to accurate data connected to the overall ESG program is the first and most critical step to setting realistic and achievable goals. This partnership helps businesses reduce the manual effort it takes to create disclosure reports, stay ahead of regulatory requirements, and accelerate GHG goals.

Concluded Greenly CEO Alexis Normand: “Reporting carbon emissions on ESG platforms is a critical step in managing environmental risks, meeting stakeholder expectations, and promoting sustainability in business. We’re thrilled to announce our partnership with MetricStream as, together, we simplify the process of measuring, reducing, and reporting carbon emissions for businesses."