Energy and automation digital solutions provider Schneider Electric announced a series of enhancements to its EcoStruxure Resource Advisor energy and sustainability data and reporting platform, with the launch of a suite of new solutions aimed at enabling companies to address new and upcoming sustainability reporting regulatory requirements.

According to Schnieder Electric, the updated platform comes amidst an acceleration in corporate sustainability programs, with the new solutions aimed at addressing companies’ growing challenges “to streamline ESG reporting, implement sustainability initiatives, manage renewable energy projects, reduce carbon footprints, optimize energy procurement, and enhance operational efficiency through targeted energy-saving measures,” and to help meet new sustainability reporting requirements, such as the EU’s Corporate Sustainability Reporting Directive (CSRD).

Steve Wilhite, President, Schneider Electric Sustainability Business, said:

“As our clients and other global enterprise companies scale up their sustainability capabilities, we anticipate a growing need for precision technology and tools required to meet their evolving needs. We’re excited about the targeted capabilities and emphasis on interoperability within Resource Advisor.”

New features and capabilities to Resource Advisor aimed at helping companies advance management and reporting on their ESG efforts include a new library of standard ESG indicators mapped to frameworks to align with global standards and upcoming regulations, such as CSRD; an AI-driven hub to connect business-wide data sources; multi-entity data management and reporting to connect physical assets data to legal entities to accommodate jurisdiction-specific reporting requirements, and; new custom visualizations and dashboards.

The updated platform also includes new intelligent tracking and allocation functionality for renewable energy and carbon offset purchase data, enabling companies to manage data for allocation planning and scenario analysis, assess the performance of renewable energy purchases to identify lagging assets, or those with a surplus of environmental attribute certificates to reallocate or sell, and set up a decarbonization roadmap.

Wilhite added:

“These upgrades make us an integrated partner of choice for companies who must comply with regulations like CSRD, CA Climate Laws, and the proposed SEC regulation or those corporate leaders who simply recognize ESG performance as an escalating indicator of overall business health.”