There are many tangible ways to address sustainability. Some organizations focus on carbon offsetting, and others develop independent physical solutions. Or, you could follow the data trail.
Data analysis has a transformational effect on many business processes, including sustainability management and monitoring. While the breadth of sustainability data can seem overwhelming, it is a critical resource. And when managed and analyzed successfully, it can play a game-changing role in carbon reduction.
The following start-ups all use carbon data in various ways to help companies address carbon issues and take manageable steps to achieve decarbonization through data.
Persefoni
Persefoni is a software solutions provider focusing on automated carbon management and reporting. Marketed as an all-in-one carbon accounting platform, Persefoni enables companies to speed up and simplify their sustainability efforts.
It mirrors existing financial management processes and operates from a single interface or source of truth. However, the platform analyzes carbon data instead of financial accounting and monetary savings to cut emissions and lower a company’s carbon footprint.
Companies are asked questions during the short onboarding process to establish their climate goals. Next, Persefoni calculates the client’s carbon footprint and recommends which emission sets to target and the relevant data. Using the Explore Footprint feature, companies can determine how the various systems, people, supply chains, and more contribute to emissions before taking steps to reduce them. All in the same system.
Standout features
- Instant compliance with existing carbon emission regulations
- Various management options, depending on experience and knowledge
- Single platform to gather, explore, define, and report carbon stats
Climatiq
Climatiq is a straightforward solution to calculating carbon emissions. The technology works in three stages. First, users integrate the Climatiq API (application programming interface) with relevant applications. Next, select the emission factors you want to analyze from Climatiq’s database or via your import. Finally, calculate emissions in real-time to give you the data you need to take action.
Climatiq shines because its clear aims are quickly achieved. Using Climatiq, users can easily convert operation data into emissions statistics. The types of operational data analyzed fall into the following categories: transportation and logistics, procurement, cloud systems, supply chain, flights and cargo, and premises and energy consumption.
Standout features
- 30,000 plus emission factors available using the latest accurate data from over 20 governmental and non-governmental sources
- Centralized dashboards to connect data sources
- Embeddable carbon emission stats with API integration
EcoVadis
EcoVadis stands out because of its approach to carbon data analysis. The solution focuses on the broader business ecosystem, enabling companies to view and evaluate the sustainability of the upstream and downstream partners in their supply chains.
The EcoVadis network includes more than 100,000 organizations that contribute data, which enables the EcoVadis platform to calculate sustainability scores. Beyond this, the company conducts risk mapping and has a dedicated decarbonization toolkit.
Various pricing mechanisms support the EcoVadis product. The most basic enables users to benchmark performance, access performance enhancement tools, and commercial use of the rating. At the top of the scale, companies can rate other trading partners, access comprehensive e-learning tools, and access live news monitoring.
Standout features
- Trusted and internationally recognized sustainability rating scheme
- Advanced performance management and improvement tools
- Single data entry point, no ongoing assessment
Wrap Up
Many platforms can turn your data into actionable insights, and the list outlined in this report is far from exhaustive. The common denominator is the data itself. However, before you can start using your sustainability data to make profound changes in your organization, you need to manage it properly. Success in using the solutions covered above relies, in no small part, on your commitment to a dedicated data management, storage, and access strategy.
For timely insights from Cloud Wars Founder Bob Evans and a roster of leading CXOs on the hows and whys of sustainability’s impact on business processes and profits, please join us for the Acceleration Economy Sustainability Impact Digital Summit on January 26, 2023. Register today for your free streaming pass here.
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