In a world where climate change is not just a buzzword but an existential challenge, businesses are increasingly called upon to take responsibility for their carbon emissions. This is where the concept of a Carbon Tracking System comes into play.
But why should your company implement a carbon cloud tracking system?
1. Understanding the Carbon Challenge
Did you know that even well-intentioned companies struggle to comprehend their carbon data? This knowledge gap is a significant barrier to achieving emissions reduction goals. According to Gartner, a staggering 51% of procurement executives consider the lack of data a major obstacle to achieving Scope 3 emissions reduction goals.
2. Seizing the Opportunity for Sustainable Growth
There is an alignment between sustainable practices and enhanced customer value, employee retention, investor attraction, and brand image. As Gartner notes, a remarkable 83% of business leaders acknowledge that sustainability efforts have directly created value for their organizations.
3. The Regulatory Landscape: CSRD
UK companies with operations in the EU must follow the latest reporting obligations, especially those listed on EU-regulated markets. How to use technology for sustainability?
1. First, Identify your emission factors
2. Analyse your company's emissions to map the carbon footprint of your entire value chain.
a) Identify your carbon emission factors and associated data
b) Map your necessary carbon data flows
c). Identify the data transformations required for their exploitation
3) Then, prepare your data for exploitation
Bring all your carbon data together in one place in Snowflake for immediate use.
a) Build your carbon data import flows
b) Store your carbon data in a secure Snowflake cloud space
c) Transform and prepare your carbon data for use in Sweep Carbon Management Platform
4) Next, build a credible reduction plan
Quickly estimate hot spots and reduction potential and set reduction targets and roadmaps
a) Map your carbon reality by business line
b) Immediately and easily identify hot spots or gaps
c) Test the impact of an specific activity on your footprint and build what-if scenarios
d) Track your progress in real-time and adapt quickly based on the data received
Keyrus, Snowflake & Sweep: A Demo of our parnership
Keyrus partners with Sweep & Snowflake to advance Carbon Track, enhancing global companies' sustainability efforts and carbon management.
With this alliance, companies can seamlessly collect, analyse, and report their carbon data. These trifecta offer a robust framework for identifying carbon emission factors, mapping carbon footprints, setting reduction targets, and collaborating with partners.
Conclusion
The time has come for businesses to take a bold step toward a more sustainable future. A Carbon Tracking System is not just a tool; it's a catalyst for change.
The benefits of implementing such a system are far-reaching – from mitigating climate risks to fostering growth and innovation. By embracing a Carbon Tracking System, your company not only contributes to a greener world but also secures its own longevity in an era where sustainability is the key to success.