New York sustainability consultancy ERM has formally acquired Libryo, a London-HQed environmental, health and safety (EHS) regulatory compliance platform.
Libryo's software platform relies on a regulatory database of relevant EHS rules. It uses AI to refine compliance judgements and also draws on expert opinions from its network of human legal contributors.
The platform provides national, regional and urban EHS assessments incorporating self-auditing checklists, documentation tools, and compliance trails which log every EHS action.
Following the acquisition, the Libryo team will join ERM's sustainability advisory network. ERM's existing portfolio includes an ESG scoring platform driven by AI and a forecasting tool to predict climate-related financial risks and benefits.
Tom Reichert, CEO of ERM Group, said: "Regulations will continue to evolve, and Libryo provides the full spectrum of data intelligence and digital tools to enable businesses to proactively manage their compliance.
"The Libryo platform reflects ERM’s strategy to continuously offer our clients the most advanced digital technology solutions available, helping them to operate with agility in an increasingly complex environment while supporting their efforts to drive their sustainability journeys forward at pace.”
Peter Flynn, Libryo co-founder and CEO, added: "We welcome this opportunity to combine our technology solutions for EHS regulatory compliance with the sustainability expertise ERM provides to its clients across the globe.
"By offering organisations a platform that will streamline and simplify their regulatory compliance, Libryo and ERM will be able to provide more businesses with the ability to reduce risk and focus on their core business objectives.”