When a board of directors is discussing sustainable business performance, they need to quantify performance for investor transparency. The Environmental, Social and Governance (ESG) Solution from OESuite® provides the tools they need. Failing to execute on ESG initiatives poses a risk for today’s companies. The Operational Sustainability® (OS) OESuite® ESG Solution enables organizations to meet their long-term sustainability objectives and targets by integrating, gathering, analyzing, validating, managing, and reporting essential interrelated data for Scope 1, 2, 3, and 4 emissions.
Our joint offering with IBM® creates an end-to-end solution for Greenhouse Gas (GHG) management by embedding sustainability in your core culture to enhance operational performance, reduce emissions, and accelerate decarbonization.
Companies who achieve their ESG goals can experience new levels of performance, leading to optimal profitability and top quartile performance. As responsible investors and customers seek to gain a competitive advantage by reporting and managing their climate impacts while reducing their operating costs, they will be seen as creating value while yielding superior investments.
ESG is part of an overall Enterprise Risk Management (ERM) strategy for companies seeking to address material topics (e.g., climate change, GHG emissions), achieve sustainable development goals, and maintain their license to operate. Leveraging the OESuite® ESG Solution can help companies achieve:
Our ESG Solution enhances transparency through integration of key reporting functions. Companies can baseline emissions, assess scenarios to reduce their carbon footprint, and demonstrate incremental improvements while moving toward decarbonization goals.
Key integration points include:
ESG requires a single source of truth supported by a unified data structure that holistically addresses ESG efforts, leading to more efficient execution and insights across an organization. The OESuite® ESG Solution interoperable modules integrate with IBM’s® offering to deliver the end-to-end platform and technical content necessary to achieve your ESG goals.
Dashboards and technical content within OESuite® includes:
ESG is becoming an industry requirement around the world as part of investment or purchase criteria. In fact, most Fortune 1000 companies are committed to decarbonization by 2050. Companies making net-zero pledges doubled from 500 in 2019 to more than 1,000 in 2020. This growing focus on ESG means that subsequent requirements are rapidly evolving and there is likely to be significant change in reporting requirements soon. To meet their commitments and demonstrate incremental improvement along the journey to zero carbon, companies will need to leverage wholesale transformation through new approaches to governance, with interoperability as a key mechanism to deliver on ESG goals.