Karomia

Karomia is a startup that specializes in providing automated solutions for Double Materiality Assessments. Double Materiality Assessments are evaluations that consider both the financial and non-financial impacts of a company's activities on various stakeholders, including investors, public authorities, business partners, and civil society organizations. Karomia's platform simplifies this complex process by offering actionable insights, which help businesses focus on impactful actions rather than getting bogged down in cumbersome analysis.

The company primarily serves corporate clients who need to comply with sustainability reporting requirements and want to understand their broader impact on society and the environment. These clients are typically large businesses that operate in sectors where sustainability and corporate responsibility are critical.

Karomia operates in the sustainability and compliance market, which is growing as more companies recognize the importance of environmental, social, and governance (ESG) criteria. The business model is subscription-based, where clients pay for access to the platform and its features. This recurring revenue model ensures a steady income stream for Karomia.

Karomia makes money by charging businesses for the use of its software platform. The platform provides a predefined list of common internal and external stakeholders, making it easier for companies to conduct thorough materiality assessments. By automating much of the assessment process, Karomia helps its clients save time and reduce costs, making it an attractive solution for businesses looking to enhance their sustainability reporting.

Keywords: Double Materiality, Sustainability, Automated Insights, Corporate Clients, ESG, Compliance, Subscription Model, Stakeholder Analysis, Impact Assessment, Business Reporting.