By: David Solsky, CEO and co-founder, Envizi

Despite the rising prominence of EnvironmentalEnvironmental criteria consider how a company performs as a steward of nature. More, SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More and GovernanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. More (ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More) metrics in the business and investor community, ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More reporting isn’t getting any simpler.

As industry accelerates progress towards decarbonization, the emphasis on high-quality, verifiable, and consistent data will become increasingly important to demonstrate progress.

In over a decade of supporting organizations on their decarbonization journey, we are constantly reminded that ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data capture and management present a challenge for many organizations. EnvironmentalEnvironmental criteria consider how a company performs as a steward of nature. More, socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More and governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. More metrics such as carbon, energy, waste, water and socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More indicators can be difficult to track and report, which makes it challenging to meet compliance and voluntary reporting requirements and puts your organization’s reputation at risk.

ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More reporting is challenging because:

Data is stranded in silos across the business or kept in spreadsheets, which makes it difficult to consolidate for reporting and decision making.Data quality is inconsistent and unreliable. Financial grade reports require confidence in the data and auditability at every step in the process.The time and cost to report sustainability performance is high. Inaccessible and poor-quality data leads to wasted time and effort.Ongoing performance is poorly understood. Without access to consolidated, accurate data, it is difficult to monitor and manage your performance and to track the effectiveness of improvement initiatives.

How a sustainability data analytics platform improves ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More reporting and performance

Within organizations, core business processes are typically managed with the support of a dedicated IT system. In the same way an organization has an accounting system for capturing and reporting financial information, and a HR system for capturing and managing people data and metrics, it makes sense to have a dedicated, specialized software platform to support ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More reporting and performance improvement.

Nowhere is this more important than for the “E” in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More, which is the most difficult to report and track, and the most essential for organizations looking to reduce their carbon emissions. Whilst many organizations may have systems for tracking socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More and governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. More data, greenhouse gas (GHG) accounting and sustainability reporting is complex. A sustainability data and analytics platform provides insight to accurate, granular energy data that can be traced back to meters and/or billing data and complies with audit and assurance requirements.

Ensure the system you choose supports a data structure that allows your organization to generate accurate GHG inventories, reflects the latest decisions on emissions boundaries, and generates meaningful reports. Data should be regularly updated to allow comparisons across reporting periods to benchmark performance against targets. Lastly, the approach to data collection and emission calculations should be rooted in internationally accepted standards. Energy data is voluminous, and complex which is why most ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More platforms struggle to support the “E” in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More. Look for a system that specializes in sustainability data management and captures “S” and “G” data from existing sources for streamlined reporting.

In summary, here’s a list of features to look for in software designed to help organizations improve ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More reporting and performance:

Automated data captureAudit trails and data health checksHierarchy management toolsSupport for emission factors and carbon accounting methodologiesSupport for reporting schemes and industry standardsAbility to set and recalculate baselinesTarget tracking capabilityAnalytics to identify emissions savings opportunitiesThe ability to interface with existing systems capturing socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More and governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. More dataFlexible reporting functionalityGlobal coverage

Getting to grips with data management for GHG accounting and ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More reporting is a key part of any successful decarbonization journey. We created this eBook to help organizations better understand how to use data to support their transition to a low carbon future.

In this eBook we answer how to:

Establish finance-grade sustainability data.Account GHG emissions for reporting and disclosure.Tackle the more complex components of GHG accounting.