SUSTAINABILITY A CALL FOR ACTION

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OVERVIEW

ESG (Environmental, Social, and Governance) factors have become increasingly critical to companies due to their profound impact on long-term sustainability, risk management, and overall success. Embracing ESG principles enables businesses to address pressing global challenges, such as climate change, social inequality, and corporate governance issues. 

Companies that prioritize ESG considerations demonstrate a commitment to responsible practices that not only benefit society and the environment but also drive financial performance and resilience. By integrating ESG criteria into their operations, businesses can attract investors seeking sustainable and ethical investments, enhance brand reputation, mitigate risks associated with regulatory changes or social backlash, foster innovation, and ultimately secure long-term viability in a rapidly evolving market landscape. As stakeholders increasingly scrutinize companies' ESG efforts, recognizing the importance of these factors has become instrumental in maintaining competitiveness, securing stakeholder trust, and creating value in a more conscious and interconnected world. 

This requires a single system of record to integrate and manage ESG data that aligns to specific goals. 

Moreover, this system must be able to report on the many initiatives in a multitude of formats. This will allow to deliver transparent, verifiable, financial-grade information, and more easily identify where improvements are most needed. 

HOW TO TURN AMBITION INTO ACTION

IBM Envizi to consolidate data for analysis and reporting.

To put sustainability goals into action, clients need solutions that are tailored to their specific needs. Finding the right partner to help build a strategic roadmap can enable a business to be more responsible and profitable.

As Rhenus Automation, we will guide you towards your sustainability goals and vision using our experience. We have the IBM Envizi solution to help you meet the challenge facing your organization, combined with our consulting and knowledge experiences in order to succeed.  

  1. Define sustainability goals: Set and act on clear environmental, social, and governance (ESG) goals. Execute exceptional data discipline across the enterprise by documenting business rules and procedures, and regularly confirming data integrity.​
  2. Establish an ESG data foundation: Create a clear baseline to underpin every goal. Without being able to determine the current impact, it will be impossible to truly track progress and implement adjustments. This requires a single system of record to integrate and manage ESG data that aligns to a client’s specific goals. Moreover, this system must be able to report on the many initiatives in a multitude of formats. In this stage, relevant data must becollected, correlated, visualized, and analyzed. This will allow to deliver transparent, verifiable, financial-grade information, and more easily identify where improvements are most needed.​
  3. Operationalize the sustainability goals: Full benefit can then be achieved by leveraging the links between this established system of record for ESG data and the underlying operational systems that run across all the departments and business units, and into a company’s value chain. With these links in place, clients can automate feedback loops that enable actions based on insights. These insights help drive sustainable transformation through intelligent facilities and assets, resilient IT Infrastructure, and circular supply chains.

Simplify the capture, consolidation, management, analysis and reporting of your environmental, social and governance (ESG) data

IBM Envizi ESG Suite is SaaS that consolidates enterprise ESG data for analysis and reporting. It removes the challenges and complexity of ESG data collection, analysis and reporting so you can harness the power of data to fast-track your success. 

Envizi’s suite of cloud-based, ESG software products work together in three ways to simplify your ESG reporting: 

1: Build a data foundation
A single system of record that delivers auditable, robust ESG data and GHG calculations. 

2: Streamline reporting and disclosure
Flexible reporting tools to meet internal and external requirements for comprehensive, and simplified ESG reporting.

3: Accelerate decarbonization 
Analytical tools identifying opportunities to reach low carbon goals and track performance against commitments.

IBM Envizi Benefits

  1. Automate the collection and consolidation of 500+ data types, analyze and identify efficiency opportunities and sustainability risks, and report against major, internationally recognized ESG reporting frameworks.
  2. Emissions management: Measure Scope 1, Scope 2, and Scope 3 emissions to identify excessive energy usage or other inefficiencies.
  3. ESG reporting: Streamline ESG disclosures to reduce complexity of ESG reporting and minimize disclosure risk.
  4. ESG performance: Stand up and track program for net zero emissions target, analyze utility/energy consumption to identify hotspots.

ABOUT RHENUS AUTOMATION PARTNERS

IBM Envizi provides the capability to capture a wide range of data types, whether it is granular meter data or high-level health and safety metrics. One of the key tenants of producing financial-grade data is removing human error from the equation. Automating from the source and providing full traceability to that source are critical. Envizi automates data from several sources, including bill pay providers, third-party suppliers.

IBM ENVIZI Modules: 

  • Scope 1 and Scope 2 Greenhouse gas (GHG) Reporting and Accounting module:  This module Falling under the Emissions Management solution pillar help clients (typically sustainability managers) move forward from the dated approach of keeping emission calculations in spreadsheets. These dated and manual approaches include storing their GHG data in multiple systems and spreadsheets, manually capturing data, manually managing emissions factors, and manually calculating market-based emissions factors. Other challenges this module can help clients with include dealing with multiple countries and their units and currencies, handling complex certificate allocations and accounting, and collecting data that is difficult for auditors to validate.
  • Scope 3 Greenhouse gas (GHG) Reporting and Accounting module: This module helps clients (typically sustainability managers) calculate Scope 3 (which refers to indirect emissions) GHG emissions across an organization using all methods supported by the GHG Protocol. The GHG Protocol establishes a comprehensive global standardized framework to measure and manage greenhouse gas emissions from private and public sector operations, and outlines mitigation actions. The GHG Protocol categorizes greenhouse gas emissions into three ‘Scopes.’ Scope 1 covers direct emissions from owned or controlled sources, such as vehicles and fuel combustion. Scope 3 covers indirect emissions such as purchased goods and services and business travel.
  • Target Setting and Tracking module: This module helps clients (typically sustainability managers) who are manually capturing and setting targets, dealing with reporting and tracking of performance against targets at different levels of the organization, and who must report different metrics, including energy, cost and emissions. The Target Setting and Tracking module is most applicable for organizations with emissions-intensive facilities, or operations who have a need to track and report their actual emissions against targets over time. With Envizi’s comprehensive target setting and tracking tool, organizations can capture and track their sustainability performance targets at any level of their organization.

  • ESG Reporting Frameworks module: This module helps clients (typically sustainability managers) who are lacking a systematic process for reporting data and having trouble collating and organizing their data to align with external reporting frameworks. The ESG Reporting Framework module is most applicable for organizations with emissions-intensive facilities or operations who have a need to report their ESG performance in accordance with external reporting frameworks. This module solution takes the ESG data from manual spreadsheets and puts it into a single robust platform, thus making it easier for clients to report multiple frameworks.

  • Building Ratings and Benchmarks module: This module helps clients (typically sustainability managers and energy managers) who are lacking a systematic process for capturing data inputs required for building ratings. The Building Ratings and Benchmarks module is most applicable for organizations with large, complex property portfolios who need a robust way of reporting to external ratings frameworks such as Global Real Estate Sustainability Benchmark (GRESB), ENERGY STAR, and National Australian Built Environment Rating System (NABERS). This module gives organizations the ability to capture their building attributes and utility data and use this to track their building performance in a single place.

  • Performance solution module: This module helps clients (typically sustainability managers) who don’t have a way of capturing all sustainability project data in one place. When there is no way to capture required data, clients struggle to easily compare potential projects under different scenarios to support prioritization.The Sustainability Program Tracking module is most applicable for large and complex organizations who are planning, or are in the process of, implementing a broad range of sustainability programs as part of their overall decarbonization strategy.

  • Utility Bill Analytics module: This module helps clients (typically utility managers, energy managers, or sustainability managers) who find it difficult to report utility information to stakeholders across different levels of the organization (or investors) and are still using manual data capture processes that are inefficient and error-prone. This Utility Bill Analytics module is most applicable to public and private organizations with large portfolios of energy-intensive facilities, which have a need to reduce utility cost, consumption, and emissions

  • Interval Meter Analytics module: This module helps clients (typically utility managers, energy managers, or sustainability managers) who lack granular transparency of when and where energy is being used across their sustainability portfolio. The Interval Meter Analytics module is most applicable to organizations with large portfolios of energy-intensive facilities who have set a mandate for energy efficiency as part of their broader emissions reduction strategy. Using Envizi’s analytics and workflow tools, clients can automate the capture of high-resolution meter data to drive efficiency and decarbonize across facilities