Why OESuite^® for ESG Matters

Environmental, Social, and Governance (ESG), also known as Sustainability, is emerging as a requirement for industry as firms worldwide demand comprehensive risk transparency – including risks posed by a lack of ESG initiatives – as part of their investment or purchase criteria. At Operational Sustainability^®, we’ve created a software solution to enable organizations like yours to meet their long-term sustainability objectives and targets through:

• Strategy development and validation: assessing data readiness, conducting materiality analyses, and creating auditable criteria with specific metrics and supporting definitions to enable clear risk transparency
• Emissions management: ensuring compliance with permit requirements, calculating emissions, and optimizing facilities to achieve a zero-carbon future through pre-built connectors to existing systems
• Carbon accounting: capturing emissions and reduction opportunities, evaluating scenarios, and auditing and benchmarking performance down to the individual assets
• Goal setting and tracking: setting goals for emissions reductions, automating end-to-end processes, validating assumptions and calculations, and managing emission factors in a single source of truth
• Analytics: aggregating performance across facilities, setting targets, and demonstrating performance against established targets

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ESG – Key Outcomes

OESuite^® Business Benefits for ESG

Companies who achieve their ESG efforts can achieve new levels of performance, leading to optimal profitability and top quartile performance. Additional business benefits include:

OESuite^® Integrations / Connectors

Our ESG / Sustainability 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:

• Roll-up reporting on emissions (e.g., air, water, waste, fugitives)
• Operator rounds with task and compliance management

Why should companies invest in ESG initiatives?

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 in the near future. 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.

To get started today, companies will need to baseline their emissions and develop a strategy for reaching their stated objectives, often by minimizing their Scope 1, 2, and 3 emissions. This will also require some re-engineering to meet ESG requirements while trading allowances and depreciating their equipment all in one framework. Operational constraints, compliance, and reliability limits all need to be embedded into the ESG decision-making process to have a clear picture of your opportunities, challenges, and outcomes.