Validere, a leading all-in-one commodity management platform for the energy industry, announced the company has completed its acquisition of Clairifi Inc. (“Clairifi”). Clairifi offers end-to-end reporting capabilities on environmental and regulatory requirements, minimizing the burden around emissions management while maximizing tax savings and improving operational efficiency.
Companies across the energy supply chain are often burdened by the arduous task of compliance reporting, a time-intensive process that is usually performed manually in Excel spreadsheets by costly environmental consultants. These issues are coupled with constantly changing environmental, social and governance (ESG) policies, as well as disorganized data, which can cause confusion over meeting reporting requirements.
The acquisition of Clairifi strengthens Validere’s ESG offerings to now include regulatory reporting capabilities, in addition to enhancing our status as the only data platform for assessing and managing certification processes. Partnering with Validere also provides energy companies with access to expert ESG advisors, who can help businesses assess their ESG strategies and make the right decisions for driving efficiency and sustainability with speed and ease.
“Joining forces with Validere puts both companies in a better position to offer an effective and efficient path to compliance, utilizing a holistic approach that is guided by data-driven decisions,” says Clairifi Co-Founder and CEO Corey Wood, MSc. “Together, we’re ready to disrupt ineffective and outdated compliance approaches while enabling our clients to differentiate themselves as ESG-conscious energy producers.”
“Existing Validere customers can now take advantage of Clairifi’s proven technology to simplify regulatory compliance and fully leverage environmental commodities, utilizing comprehensive data sets to satisfy multiple regulatory requirements,” says Nouman Ahmad, Co-Founder and CEO of Validere. “This acquisition also enhances Validere’s predictive capabilities, allowing for precise forecasting based on granular inputs to create models with pinpoint accuracy.”
Thanks to the integration of Clairifi, businesses can now easily comply with current and future SEC regulations, as well as access a centralized platform to accurately measure, manage and predict their evolving emissions strategies.
"The implementation of costs on carbon and emission reduction requirements introduce new immediate and long-term consequences that cascade from the field to head office,” says Wood. “While regulatory compliance is often considered a burden on industry, requiring resources and continuous innovation, if we are well-prepared, these challenges may be used as catalysts to revive, refresh and improve.”