[Lisbon, Portugal, 11 September 2025] – Credibl, a global leader in AI-powered ESG and sustainability reporting, and SIBS, a relevant European player in providing modern, reliable and secure financial services, namely in the payments’ area, today announced a strategic partnership to enhance sustainability data management and reporting, with the goal of achieving greater coverage of ESG data, enhance data validation and quality, and generate insights for ESG risk management as required by EBA guidelines.
This partnership leverages Credibl’s advanced AI technology and SIBS ESG platform capabilities, enabling SIBS to address the complex challenge of gathering ESG Public Data.
The platform’s audit-ready capabilities ensure compliance with stringent EU regulations, such as the Corporate Sustainability Reporting Directive (CSRD) and International Sustainability Standards Board (ISSB) frameworks. These capabilities will be utilized to enhance data quality, further solidifying the SIBS ESG solution as a leader in sustainability information.
“At SIBS, we are committed to building a more transparent and sustainable ecosystem,” said SIBS spokesperson, Ana Gouveia, Head of SIBS ESG. “SIBS ESG is on its way to becoming the repository of high-quality ESG Data of Portuguese companies. Partnering with Credibl enables us to bring next-generation AI capabilities to our data collection and data validation, helping our partners track and act on ESG data with confidence and accuracy. This partnership will enable greater transparency, faster reporting, and ultimately, a more sustainable economy in Portugal.”
Credibl’s platform, already supporting organizations across Europe, integrates AI-driven automation, materiality assessments, and value chain traceability, enabling banking and financial institutions to proactively engage suppliers, reduce compliance fatigue, and strengthen ESG performance. Its advanced supplier data collection modules simplify the complex process of tracking Scope 3 emissions, while AI-driven heat maps and assurance features ensure audit readiness, reducing compliance risks and enhancing stakeholder trust.
“This partnership with SIBS highlights Credibl’s growing presence in the EU and our commitment to transforming sustainability and ESG reporting in the financial sector,” said Jitesh Shetty, CEO and Co-Founder of Credibl. “Together with SIBS’ leadership in banking, our AI-powered technology will help financial institutions simplify complex reporting requirements, ensure compliance, and deliver meaningful sustainability outcomes.”
This strategic partnership marks a significant milestone in advancing sustainable finance in Portugal and beyond. By combining SIBS’ expertise with financial services and Credibl’s innovative ESG reporting platform, the collaboration sets a new standard for transparency and accountability in the banking sector. It represents a shared vision between SIBS and Credibl to foster a more sustainable future, supporting not only regulatory mandates but also the broader global imperative for responsible and transparent business practices.
About Credibl
Credibl is a leading provider of sustainability and ESG solutions, leveraging advanced Gen-AI technologies. Trusted by more than 150 leading organizations, Credibl simplifies complex sustainability challenges, like managing indirect emissions and delivering end-to-end traceability across products and supply chains. Its AI-powered platform enables businesses to produce accurate, audit-ready sustainability reports that comply with international standards, while providing insights to manage climate-related risks and drive sustainable growth.
Learn more at www.crediblesg.com.
About SIBS
With four decades of history, SIBS provides modern, reliable, and secure financial services, namely in the payments’ area, to more than 150 million users, in various geographies, on 4 continents, ensuring the global processing of more than 14 billion transactions per year.
SIBS is responsible for managing the MULTIBANCO Network, in their multiple channels – from ATM and POS, to online or smartphones – and ATM Express. At the same time, SIBS is a national benchmark in Business Process Outsourcing and the Iberian Peninsula’s leader in card production and personalization.
SIBS remains committed to its mission of being the partner of reference for public and private entities, creating value for society by developing and managing technology-based payment solutions, processes, and related services that combine security, convenience, and innovation, while respecting good behavioral principles and sustainability conditions
