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Description
EnterTeq Software, is a company incorporated in Romania in February 2021 with the purpose of creating new ways of designing digital concepts and new ways for software development. EnterTeq Software SRL has been developed together with a partner, Axiobit Ltd. The partner is an Irish business solutions agency that reunites a pool of high-level experts from Europe and other parts of the world, in a quest to solve business challenges by leveraging technology.
The first project aim is to develop an innovative platform that will mitigate the total emissions of companies in different industries from upstream operations. The project targets the development of an innovative software solution, unique on the Romanian market, more exactly a platform that will help companies in different industries (with a focus on construction and real estate in the beginning) to mitigate their total emissions from upstream operations across their entire supply chain.The project is implemented in partnership with the Romanian company S.C. BMF Total Serv SRL, which specializes in integrated services for all types of buildings. The role of the partner is to work on the development of the software platform and test it directly on a construction company operating within the initial targeted sector. The partner will also participate in business analysis workshops and perform many other tasks.
The extended project aims to develop and implement an innovative and sustainable A.I.-driven platform (GUES platform) that effectively manages and reduces carbon footprints for businesses. The project aims to integrate advanced A.I. modules for data extraction, resource and emission factor capturing, and article matching, while simultaneously fostering team expertise, implementing strategic business planning, ensuring legal protection, achieving quality certifications, and securing key clients
Summary of project results
The Green Upstream Engagement Solution (G.U.E.S.) project aimed to address several critical issues and challenges related to environmental, social, and corporate governance (ESG) reporting, particularly focusing on scope 3 emissions. These challenges included:
Lack of Scope 3 Emissions Measurement: Traditional ESG reporting often ignored scope 3 emissions, which encompass the indirect emissions from a company''s supply chain. This omission made it difficult for companies to contribute meaningfully to the mitigation of total emissions across their supply chain, neglecting the responsibilities of suppliers with high emission extraction, production, and distribution processes.
Supplier Engagement: One of the primary challenges was motivating suppliers to engage in the program. Without active participation from suppliers, it was challenging to gather accurate data and implement effective emission reduction strategies.
Innovative Tools for Supplier Engagement: The project recognized the need for innovative tools that went beyond mere data collection. It aimed to develop a platform that not only captured data but also provided optimization tools to help suppliers improve their environmental performance.
Managing Business Relationships: Another significant challenge was managing business relationships with suppliers in a way that could drive out unnecessary costs and carbon emissions. The project sought to create a system that facilitated better collaboration and efficiency between the client-company and its suppliers.
By addressing these challenges, the G.U.E.S. project aimed to create a comprehensive platform that enabled companies and their suppliers to work together to reduce supply chain costs and emissions, while also increasing compliance with environmental regulations in a more efficient manner.
The Green Upstream Engagement Solution (G.U.E.S.) project addressed key challenges in ESG reporting, particularly scope 3 emissions. It focused on supplier engagement, innovative tools for data collection and optimization, and managing business relationships to reduce costs and carbon emissions.
The project developed a software platform with three main components:
- Index Module: Engaged suppliers by capturing and standardizing data to create an emission index.
- Optimization Module: Used machine learning to identify environmental risks and create optimization scenarios.
- Accounting Module: Implemented E-liability cost analysis with Blockchain Technology for transparency.
Additionally, the project incorporated functionalities to enhance visibility regarding greener processes. These included annual reports on carbon footprint evolution and digital widgets for public display, indicating carbon footprint reduction objectives and performance achieved.
The project also integrated advanced A.I. modules for data extraction, resource and emission factor capturing, and article matching. This automation increased operational efficiency by saving time and resources compared to manual data processing. Training the permanent team in A.I. and ESG courses enhanced their expertise.
The Green Upstream Engagement Solution (G.U.E.S.) project achieved significant results for companies in various industries, particularly construction and real estate. The platform''s A.I. modules extracted and processed carbon-related data, leading to more informed decisions and reduced environmental impact. Automation of data extraction and processing increased operational efficiency, saving time and resources. Training in A.I. and ESG courses enhanced the expertise of the permanent team, while the development of a professional business plan and sales strategy provided a roadmap for growth. Registering intellectual property and achieving ISO certifications protected the platform''s innovations and demonstrated a commitment to high-quality standards, instilling confidence in clients and stakeholders.
Additionally, the project secured large clients, validating the platform''s value proposition and contributing to revenue generation. The combination of A.I. capabilities, strategic planning, legal protections, and client acquisition positioned the project as a market leader in carbon footprint management. The project facilitated more sustainable business practices and provided tools for carbon management, contributing positively to corporate responsibility and societal well-being. These results helped companies mitigate total emissions from upstream operations across their entire supply chain.