2024-2025 Global AI Trends Guide
As the demand in the ESG space continues to surge, driven particularly by the upcoming European Sustainability Reporting Standards (“ESRS”), companies are under increasing pressure to ensure legislative compliance in setting, monitoring and achieving their strategic ESG targets. Platforms, including Daato have been set up to help manage risk and provide confidence to the process.
Commenting on the partnership, Sebastian Lach, Partner at Hogan Lovells and Co-CEO of ELTEMATE stated:
“As a firm, Hogan Lovells is committed to empowering its clients, introducing them to a range of leading cutting-edge technologies, and providing expertise to help them navigate the increasingly complex landscape of sustainability and supply chain risk reporting with increased efficiency.”
Daato describes itself as an ‘all in one sustainability software’ that integrates key ESG reporting frameworks including ESRS, supply chain risks and CO2 foot printing with the potential to simplify and automate the data collection processes saving clients significant amounts of time. Daato can help sustainability teams navigating ESG reporting to achieve audit-ready reporting. Daato’s recent successful completion of a seed financing round of 5 million euros underscores the confidence in their mission to transform ESG management globally.
Daato's founder Thilo Hitz commented:
"We're thrilled to announce our partnership with the legal tech experts at ELTEMATE. Their focus aligns perfectly with ours at Daato - simplifying regulatory processes with state-of-the-art technology. Together, we're offering a solution that streamlines ESG compliance, making complex reporting frameworks easier to navigate for companies of all sizes."
About ELTEMATE
ELTEMATE is the Hogan Lovells legal technology company. With 80 team members including 25+ software developers, data scientists and AI experts ELTEMATE brings all of our legal tech offerings together under one core global team, streamlining the process of serving our clients and strengthening our market profile.
About Daato
Daato was founded by Satya Kamal Raparthi, formerly one of the Co-Founders of Mercanis, Head of Strategy at Scoutbee, an alumnus of ESCP Business School, and Thilo Hitz, formerly a Senior Policy Advisor in the German Environment Ministry and an alumnus of Hertie School of Governance. The company is headquartered in Berlin, Germany, and services customers globally.