Belgium’s ResultX secures over €400K grant to simplify ESG reporting for SMEs

Hasselt, Belgium-based ResultX, a startup specialising in ESG (Environmental, Social, and Governance) reporting solutions, has been awarded over €400,000 in innovation grants from VLAIO (Flemish Agency for Innovation and Entrepreneurship).

The funding will enable ResultX to further develop its platform, enhancing features that simplify ESG reporting for companies striving to meet sustainability goals.

Small and medium-sized enterprises (SMEs) often struggle to meet environmental, social, and governance (ESG) demands, as they are caught in processes that don’t suit their needs.

They typically have to choose between complicated enterprise tools or labour-intensive manual work, leading to inefficiencies and missed opportunities.

ResultX: Most accessible ESG-tool

Here’s where ResultX provides a solution specifically designed for SMEs, making ESG compliance easier.

The company’s platform leverages artificial intelligence (AI) to automate the extraction and analysis of ESG data from various sources, including supply chains, enabling businesses to obtain real-time, audit-ready reports without manual data handling.

This approach aims to simplify the ESG compliance process for SMEs, which often face challenges with traditional, resource-intensive reporting methods.

By focusing on automation and user-friendly interfaces, ResultX addresses the specific needs of smaller businesses that may lack the infrastructure to manage complex ESG reporting requirements.

The platform is designed to provide immediate insights into a company’s ESG performance, facilitating transparency and accountability in sustainability practices.

ResultX says its services are positioned to support SMEs in meeting stakeholder demands for ESG information, such as assessments and policy documentation, by streamlining data collection and reporting processes.

The software integrates with existing systems, automatically gathering and updating necessary data, which saves time.

With just one click, users can generate reports, and common inquiries from customers, investors, or banks are answered automatically.

ResultX eliminates the need for complicated spreadsheets and extra work, offering a fast, affordable, and hassle-free ESG tool that helps companies win tenders, secure financing, and build stronger relationships with stakeholders.