With the advent of the 2024 ESG reporting requirements, we're not just witnessing a change in regulations, but a fundamental shift in how businesses approach sustainability – especially regarding energy use. This transition represents a pivotal moment for corporate responsibility and sustainable strategies that (hopefully) will go beyond simple compliance. 🌱 The future of corporate sustainability, post-2024, is about more than adapting to new standards. It's an opportunity to redefine the role of businesses in society, where ESG reporting is a natural extension of business operations that drives transparency, accountability, and sustainable growth. This is especially important when it comes to energy use. 40% of all energy produced globally is consumed in buildings, making operations of buildings a major contributor to climate change. Reducing energy consumption is pivotal to build a long-term, sustainable portfolio – both environmentally and financially. But the key lies in turning complex, often overwhelming, energy data into a strategic tool. ⚡️ At Metry, we believe in harnessing the power of data to get actionable insights into a company's energy usage. It’s not just about compliance; it's about embedding sustainability into the very fabric of corporate strategy. Our data collection solutions gives you a holistic view of the energy consumption in your portfolio – from direct operational energy use to indirect energy impacts in the supply chain. This comprehensive understanding is crucial for companies to not only report on their current sustainability performance, but also to identify areas for improvement and innovation. 💡 Regardless of where you are on your ESG journey, taking control of your data is a good place to start. Talk to us, and we’ll help you with your energy data collection 👉 https://lnkd.in/eDUA3BrS #ESG #energy #data
Metry’s Post
More Relevant Posts
-
2024 is here, and so are the new #ESG reporting requirements –presenting both a challenge, and a remarkable opportunity for businesses to redefine their sustainability narrative. One of the key hurdles in #sustainability reporting is the intricacy of #data collection – especially when it comes to #energy data. Here’s why: 🌱 Companies often struggle with the diverse and fragmented nature of energy data, especially when it spans multiple facilities, media types and data sources. 🌱 Inaccurate readings, poorly estimated values, or missing data can result in compliance risks and misinformed strategies. Full visibility and quality control is essential, from reports to detailed meter-level data, ensuring all data is correct and readily available for audits. 🌱 Collecting reporting data once a year is not enough. Continuous data collection and follow ups are crucial for dynamic ESG reporting and strategy adaptation. 🌱 Scope 3 emissions are often the most challenging to quantify and report, yet they hold significant potential for sustainability impact. Without a simple tool to collect this data, it’s bound to become a manual nightmare. Our aim is to transform these challenges into opportunities for innovation and energy efficiency, turning a daunting aspect of ESG reporting into a strategic asset. This is where Metry's expert data collection comes into play. Our system is designed to not only streamline the collection of data, but also to ensure quality of the data collected – whether it’s from tenant or landlord controlled areas. Read more about our offer for sustainability reporting here 👇 https://lnkd.in/eW8YZEFw
To view or add a comment, sign in
-
Implementation of Environmental, Social, and Governance (#ESG) responsibility is one of the main business trends in 2024. Companies prioritizing ESG today can easier enter new markets, expand in existing ones, and ensure long-term success. 🚀 Here are 3 reasons highlighting the importance of ESG for businesses: ☑ ESG strategies can impact operating profits by up to 60% (#McKinsey). ☑ 73% of investors believe that companies' disclosures of ESG metrics should be assured at the same level as financial statement audits (#PWC). ☑ 88% of consumers will show more loyalty to a company that supports social or environmental issues (Cone Communications). Let's explore how you can integrate ESG principles into your #business: https://lnkd.in/eTvJ6TrP.
To view or add a comment, sign in
-
New year, new sustainability reporting challenges 🚨 How can your organisation be prepared? Large companies are facing a data dilemma in sustainability reporting this year, risking delays and uncertainties. Discover how hello energy's high-quality data collection and management capabilities help pave the way for seamless compliance and ESG excellence. 🌍💡 Dive into the blog for our latest insights: https://lnkd.in/eNmcvUas #SustainabilityReporting #DataManagement #ESGExcellence #NetZeroCarbon
To view or add a comment, sign in
-
Discover the impact of ESG technology in the corporate world, as companies redefine how they manage environmental impact, social initiatives, and governance practices. Explore the key applications driving this transformation. . Environmental Applications: . Carbon Footprint Tracking: Measure and reduce carbon emissions to build a sustainable future. . Renewable Energy Management: Optimize the use of renewable energy sources and decrease reliance on non-renewables. . Resource Optimization: Minimize waste and enhance efficiency in water, energy, and raw material usage. . Social Applications: . Employee Engagement Platforms: Empower your team to actively participate in sustainability initiatives. . Diversity and Inclusion Tools: Foster a more inclusive and diverse workplace through data-driven strategies. . Governance Applications: . Risk Management Software: Identify and mitigate risks related to ESG factors to make informed decisions. . Compliance Management Systems: Streamline compliance processes to meet ever-changing regulations. . Board Governance Tools: Enhance transparency and accountability at the board level. . To learn more about ESG and carbon tracking application, Visit our website: www.netkasystem.com Add Line Official: https://lin.ee/myKnrnX #NetkaSystem #ESG #CarbonTracking #NetkaESG #Sustainability #NetkaEnXus #Carbonfootprint
To view or add a comment, sign in
-
Global Client/Customer Success and Digital Solutions Partner. Open Connector. Lifelong Athlete. | Sustainability Advocate | Best Boston Bachelor.
My favorite six takeaways from Reuters Impact Global Sustainability Survey 2023: 1️⃣ North American and European companies predominately invest in data analysis solutions, emissions accounting solutions, and process improvement technologies. 2️⃣ The main investment reasons are the pressure to decarbonize operations and the regulatory need to report (scope 3 requirements and ESG compliance risks). 3️⃣ North American and European investments in the sustainability solutions and technologies mentioned above hardly vary. 4️⃣ The main investment goals are energy management and decarbonization. 5️⃣ North American and European investments are expected to favor ESG data management platforms, sustainability risk management solutions, and emissions management solutions by 2026. 6️⃣ Sensors and smart meters for data collection received the highest and data management tools received the lowest satisfaction scores (in terms of ease of implementation). #accouting #climateaction #data #ESG #reporting #scope3 #sustainability Publisher: Reuters. Author: Liam Stoker. https://lnkd.in/enYDNg2v
Comment: Why investing in climate action and reporting are priorities for sustainable business
reuters.com
To view or add a comment, sign in
-
By 2025, the demand for ESG and sustainability professionals is expected to increase exponentially as companies, #governments, and institutions accelerate their environmental and social responsibility initiatives. Here are 10 roles that are likely to be in high demand: 1. Sustainability Manager/Director – Leading sustainability initiatives and integrating sustainability into corporate strategies. 2. #ESGAnalyst – Assessing and reporting on environmental, social, and governance (ESG) performance for investors, regulatory bodies, and stakeholders. 3. #CarbonAccounting Specialist – Managing carbon emissions data, calculating Scope 1, 2, and 3 #emissions, and ensuring compliance with carbon reduction frameworks. 4. #CircularEconomy Specialist – Developing strategies to reduce waste and improve resource efficiency by promoting circular economy models. 5. #SustainableSupplyChain Manager – Ensuring that supply chains are responsible and sustainable, focusing on ethical sourcing and minimizing environmental impacts. 6. #ClimateRiskAnalyst – Identifying and assessing financial risks related to climate change for businesses and investors. 7. #GreenBuilding Specialist – Focusing on the development and retrofitting of sustainable, energy-efficient buildings. 8. #SustainabilityData Scientist – Analyzing sustainability data to generate insights, develop predictive models, and support sustainability reporting. 9. #RenewableEnergy Consultant – Advising on the adoption of renewable energy solutions, such as wind, solar, and bioenergy, for both companies and governments. 10. Diversity, Equity, and Inclusion (#DEI) Officer – Leading DEI initiatives and ensuring they are aligned with broader #ESG objectives, particularly on the #socialimpact. These roles will be crucial as businesses strive to meet increasing regulatory demands and investor expectations in the ESG and #sustainability space.
To view or add a comment, sign in
-
Only 66% of execs feel certain about reaching sustainability goals, but in energy, it's 77%! How? They harness data for business transformation, yielding sustainable results. Explore this whitepaper for ideas on Sustainability Transformation and steps for ESG goals: https://okt.to/j9LJaN #SustainabilityTransformation #Energy #Data #ESG
To view or add a comment, sign in
-
Integrated reporting, in its essence, is the fusion of financial data, sustainability metrics, and narrative disclosures. This strategic melding of diverse information paints a vivid picture of a company's performance, spotlighting the interplay between financial success and environmental, social, and governance (ESG) factors. By doing so, businesses showcase their profitability and commitment to ethical practices, sustainability, and resilience. Why does this matter? In corporate governance, integrated reporting plays the role of an executive summary, encapsulating a business's overall health. By divulging essential information, these reports provide clarity and promote corporate accountability, holding decision-makers to a higher standard. On the other hand, Net-Zero Emissions is the clarion call for climate action. It's the commitment to balance the greenhouse gases they emit with the amount removed from the atmosphere to mitigate the adverse effects of climate change. Integrated reporting and Net-zero emissions make for a formidable partnership. The former allows companies to communicate their sustainability commitments in a transparent and informative manner, while the latter provides a clear target to work towards. Together, they pave the way for businesses to not only "talk the talk" but "walk the walk" sustainably. Net-zero emissions strategies set a practical goal for companies to demonstrate their commitment to tackling climate change. They are based on technologies, which do not emit harmful emissions during their processes and which even help to reduce the emissions emitted by others. A clear example is waste management technologies with near-zero emissions. By integrating sustainability into financial reporting, companies can effectively transform challenges into opportunities. 🌟🌍 #REVALUO #Revastex #netzero #sustainability
To view or add a comment, sign in
-
Business Network Development Manager at Landfillsolutions. Circular Economy philosophy, Waste to Energy mindset.
Integrated reporting, in its essence, is the fusion of financial data, sustainability metrics, and narrative disclosures. This strategic melding of diverse information paints a vivid picture of a company's performance, spotlighting the interplay between financial success and environmental, social, and governance (ESG) factors. By doing so, businesses showcase their profitability and commitment to ethical practices, sustainability, and resilience. Why does this matter? In corporate governance, integrated reporting plays the role of an executive summary, encapsulating a business's overall health. By divulging essential information, these reports provide clarity and promote corporate accountability, holding decision-makers to a higher standard. On the other hand, Net-Zero Emissions is the clarion call for climate action. It's the commitment to balance the greenhouse gases they emit with the amount removed from the atmosphere to mitigate the adverse effects of climate change. Integrated reporting and Net-zero emissions make for a formidable partnership. The former allows companies to communicate their sustainability commitments in a transparent and informative manner, while the latter provides a clear target to work towards. Together, they pave the way for businesses to not only "talk the talk" but "walk the walk" sustainably. Net-zero emissions strategies set a practical goal for companies to demonstrate their commitment to tackling climate change. They are based on technologies, which do not emit harmful emissions during their processes and which even help to reduce the emissions emitted by others. A clear example is waste management technologies with near-zero emissions. By integrating sustainability into financial reporting, companies can effectively transform challenges into opportunities. 🌟🌍 #REVALUO #Revastex #netzero #sustainability
To view or add a comment, sign in
2,061 followers
Digital Innovation & Business Executive
8moThe ultimate trick is to Turn data into Doing! ;-)