Company Research Report: Compare Ethics Ltd
Company Overview
Name, Mission of the Company
- Name: Compare Ethics Ltd
- Mission: To ensure companies make green claims with confidence by being fully compliant with new anti-greenwashing regulations. By using Compare Ethics' AI-powered platform, businesses can identify compliance gaps, share compliant green claims within a few clicks, and reduce costs by up to 80%.
When Was the Company Founded and by Whom
- No information is available
Key People in the Company
- Sue Fairley: Head of Sustainability at New Look (Not an executive but a quoted user)
Where is the Company Headquartered
- No information is available
Number of Employees
- No information is available
Revenue of the Company
- No information is available
What is the Company Known For
- Green Claims Compliance Automation: Compare Ethics is renowned for its AI-powered platform that automates the compliance of green claims, ensuring companies meet new and evolving sustainability regulations efficiently and cost-effectively.
Products
Green Claims Compliance Automation Platform
- High-Level Description:
- An AI-powered platform designed to automate the green claims compliance process, reducing risk, time, and costs associated with sustainability regulations.
- Key Features:
- Quick Setup: Get an initial compliance gap report within 48 hours.
- Guaranteed ROI: Promises up to 80% savings on compliance costs.
- Scalability: Enables scaling green claims without increasing risk or costs.
- Automatic Verification: Ensures claims are verified automatically and are EU-compliant.
- Always Up-to-Date: Keeps users informed about the latest regulation changes.
- Easy Integration: Integrates seamlessly with existing supply chain and e-commerce tools.
- Reduction of Risk: Assumes financial and legal liability against enforcement action.
Gap Analysis
- High-Level Description:
- A feature that uncovers compliance gaps swiftly, often within 48 hours.
- Key Features:
- Identifies compliance gaps and offers actionable steps to mitigate risks.
Compliance Automation
- High-Level Description:
- Automates the verification process of compliance documents.
- Key Features:
- Reduces time and resource burden by automating checks.
- Mitigates human error in the compliance verification process.
Product Compliance Reports
- High-Level Description:
- Provides an easy mechanism to share product compliance documents internally, with partners, and regulators.
- Key Features:
- Facilitates trust and transparency in compliance reporting.
- Enhances communication and reduces due diligence and investigation time.
Impact Widget
- High-Level Description:
- An on-site widget to communicate sustainability efforts clearly to consumers.
- Key Features:
- Builds consumer trust and loyalty.
- Increases sales up to 89% for products with verified green claims.
Advisory Services
- High-Level Description:
- Offers support and strategic advice from sustainability compliance experts.
- Key Features:
- Horizon Mapping reports to identify and prioritize regulatory changes.
- Training and workshops to upskill internal teams.
- Regular updates and insights on the latest sustainability regulations.
Recent Developments
What Are the Recent Developments in the Company
- Expansion of features including comprehensive gap analysis and compliance automation.
- Introduction of a new EU Green Claims Directive-compliant platform ensuring verified and substantiated green claims.
What Are the New Products Launched
- No information is available
What Are the New Features Added to Existing Products
- No specific new features mentioned beyond the current products' descriptions.
Any New Partnerships
- Reiss Partnership:
- Date: 20/08/2024
- Details: Global fashion retailer Reiss announced a new partnership with Compare Ethics to advance its sustainability and responsible sourcing efforts.
