Locus Technologies, a leader in sustainability and Environmental Health and Safety (EHS) compliance software, has announced a strategic partnership with Sophare AI. This collaboration aims to tackle one of the most complex aspects of Environmental, Social, and Governance (ESG): social and pay equity. Through this partnership, organizations worldwide can now address regulatory and ethical challenges with advanced technology and specialized expertise, eliminating the need for multiple ESG platforms and reducing time and costs in the disclosure process.
Key Areas Addressed by the Partnership
- EU Pay Transparency Directive Compliance:
- Sophare’s AI-powered tools help companies comply with the European Union’s Pay Transparency Directive, which requires organizations with 100+ employees to disclose gender pay gaps and provide transparent pay structures by 2026.
- Global Gender Pay Gap Reporting:
- With growing reporting requirements in the EU, UK, Australia, and beyond, Sophare centralizes reporting for multi-jurisdictional compliance and uses AI to streamline the reporting process.
- Alignment with UN SDG 5 (Gender Equality):
- Sophare AI assists organizations in aligning with the United Nations Sustainable Development Goal (SDG) 5, focusing on gender equality in leadership and employee compensation.
Statements from Key Leaders
- Dr. Zvonimir Dadić, Head of CSRD Practice Group at Locus Technologies Europe, expressed:“This partnership reflects our commitment to providing streamlined compliance solutions, leveraging deep domain expertise and technology to help our clients stay ahead in ESG and pay equity challenges.”
- Siena Duplan, CEO of Sophare AI, highlighted:“HR compliance should no longer be seen as a box-ticking exercise. By using AI and automation, we can create a transparent workplace that fosters equality, allowing employees to thrive. Our collaboration with Locus will bring social and pay equity alongside environmental health and financial goals.”
The strategic partnership between Locus Technologies and Sophare AI represents a significant step in integrating AI-driven solutions to tackle pay equity and social justice in the realm of ESG compliance. Together, they aim to simplify the compliance process, drive productivity, and promote transparency within organizations globally.
