09:38 AM EDT, 10/24/2024 (MT Newswires) -- International Business Machines ( IBM ) said Thursday it has received Federal Risk and Authorization Management Program, or FedRAMP, authorization for its Envizi environmental, social, and governance software platform.

Envizi allows companies to automate the capture and management of ESG data to enhance analysis, reporting and opportunity identification, IBM ( IBM ) said.

The platform is available on the FedRAMP Marketplace for federal agencies in the analytics and data management business categories, the company said.

IBM ( IBM ) shares were more than 6% lower in early trading on Thursday.

Price: 222.91, Change: -9.84, Percent Change: -4.23