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Imagine if the CEO of a major multinational
corporation instructed his accountant to come in once a year to prepare their
annual P & L and balance sheet and then directed him to a container full of
invoices another source documents as a basis for this process.
Such is the reality of sustainability officers
expected to prepare carbon footprint, GRI, sustainability reports without any
formal software, processes, human resources and most importantly no executive
mandate.
What are the
challenges of collating reliable data for carbon footprinting?
At first sight,
the task of carbon information management might seem straightforward: to
collect data and then use standard methods to calculate carbon dioxide and
other GHG emissions.
Reliable data
collation however, is actually where most of the challenges lie. Companies
that are undertaking carbon management programs and GHG accounting are often
paralyzed into inaction due to poor data integrity. Inaccurate baselines and
inconsistent reporting hinder the development of meaningful reduction targets.
Often,
individual tasked with the mandate, spend too much time chasing up others in
the organisation for accurate and complete data sets. As a result the integrity
of the data if often compromised and the process is seen as an annually stressful
burden resulting in low confidence in the final product.
Meaningful and
reliable data is of paramount importance in underpinning decision-making. It
also facilitates the development of a practical environmental strategy, which should
be executed across the organization.
What is the
solution?
GCX
has partnered with Carbon Systems - a global provider of sustainability
software. The Enterprise Sustainability
Platform (ESP) is a comprehensive solution that streamlines the capture and
reporting of all quantitative and qualitative source data across the
organisations energy, carbon, environmental and social responsibility
portfolios.
GCX
understands that organisations require a new kind of business intelligence to transfer the responsibility away from a sole
employee mandated with the GHG audit and implementation of a management
program, as well as make accurate, complete and transparent data readily
available on a continuous basis in real time.
ESP
is a web-based platform that starts work immediately. There's no complex IT
integration and its intuitive user-friendly dashboards allows for the tracking
and managing of key energy and sustainability metrics fluidly.
The
system is fully automated and can be customised to fit any company structure.
ESP delivers compelling business benefits to client including:
- Reducing time and cost to manage
sustainability data
- Delivering up to date, financial
grade business and compliance reporting
- Driving operational efficiency and
cost savings
- Verifying ROI and payback on
sustainability initiati
- Application of a confidence factor
to each data point, allowing for precision gap analysis
Who’s doing
it and who should be doing it?
Large,
complex organisations with multiple facilities and decentralised data
collection points are ideal candidates for the uptake of such a management
solution.
Today
over 140 companies around the world, including Microsoft, Canon, Investec and
Novartis, have used the ESP system to transform their business through better
financial and environmental performance management.
These
industry leaders understand that powerful data management and the right
decision support tools, can increase efficiencies, reduce costs and deliver sustainable
outcomes that transform the business.
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