Karomia and PwC Belgium partner to accelerate ESG reporting

Ghent, Belgium – August 2025 – Karomia, an AI-driven ESG reporting platform, and professional services provider PwC Belgium have announced a strategic partnership to simplify and accelerate ESG reporting for EU businesses.

Despite delays to the Corporate Sustainability Reporting Directive (CSRD) thresholds, the demand for reliable, structured ESG data is growing rapidly - particularly from banks, insurance companies, and supply chain stakeholders. This pressure increasingly affects small and medium-sized enterprises (SMEs), who are often outside mandatory reporting scopes but still need to demonstrate ESG readiness to access financing, meet customer expectations, and remain competitive.

Through this partnership, PwC’s sustainability advisory expertise is combined with Karomia’s automated ESG reporting platform, enabling organisations to produce European Sustainability Reporting Standards (ESRS) and Voluntary Standard for SMEs (VSME)-aligned reports faster, more pragmatically, and more cost-effectively.

A strategic alliance to deliver practical ESG value

"Seeing the continued uncertainty surrounding the Omnibus proposal, I believe technology will be crucial in dealing with the volatility of requirements while keeping the administrative burden to a minimum. It is the pragmatism we need going forward!" explains Jochen Vincke, partner at PwC Belgium.

AI innovation meets industry expertise

Karomia’s platform automates the complexity of ESG reporting, from double materiality assessments to structured ESG disclosures, reducing manual effort by up to 90%. This allows PwC’s teams to concentrate on embedding ESG into core strategy, rather than operational reporting tasks.

Through Karomia’s integration with Kube, Isabel Group’s trusted platform for verified corporate data, currently used by Belgium’s four largest banks, clients can also share ESG data securely and efficiently. The inclusion of ESG in Kube extends its utility beyond Know Your Customer (KYC) and Anti-Money Laundering (AML) data to support ESG-aligned financing and due diligence workflows.

This approach is particularly timely, given upcoming financial regulations such as the Capital Requirements Regulation (CRR III) and Capital Requirements Directive (CRD VI), which will require banks to assess ESG risks across their loan portfolios beginning in 2026.

“This partnership is about scaling ESG readiness for companies of all sizes. Whether you’re a small business navigating lender requests or a larger company preparing for CSRD, we make ESG reporting faster, smarter, and more connected”, said Jens Verhiest, COO at Karomia.

What this partnership means for businesses:

• Less time on reporting – Automate ESRS and VSME-aligned disclosures to reduce administrative burden.

• More focus on impact – Empower teams to act on ESG goals, not just document them.

• Finance-ready ESG data – Deliver shareable ESG reports to meet data requests from different stakeholders.

Karomia and PwC Belgium are committed to redefining ESG reporting as a business enabler, not a compliance chore, helping organisations turn sustainability into a strategic advantage.

About Karomia

Karomia helps companies overcome two of the biggest hurdles in sustainability reporting: managing complex regulatory requirements and structuring a company’s information into a compliant ESG report. Its AI-driven platform simplifies the Corporate Sustainability Reporting Directive (CSRD) & VSME reporting process. Karomia empowers organisations to move beyond the bureaucracy of ESG reporting towards sustainable impact.

Since its founding in 2024, Karomia has supported over 60 companies across Europe and the US with their ESG reports (both CSRD & VSME-aligned). The company is an innovative, fast-growing scale-up redefining ESG reporting for modern enterprises. Based at the iconic Wintercircus in Ghent, Karomia is backed by leading investors including Imec.istart Future Fund and Entourage.

To keep up with Karomia, visit our website or LinkedIn page.

About PwC

At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting we help build, accelerate and sustain momentum. Find out more at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.