The Full Story
IndustrialCo* was ready to take a more focused and disciplined approach to ESG. Its reliance on manual spreadsheets to track greenhouse gas (GHG) emissions was just one aspect of a system it knew could be substantially more cohesive and robust.
We worked with the company to develop a roadmap that would help it reach its goal of becoming an ESG leader. A key part of that effort was embedding the ability to more accurately monitor and report on GHG emissions. To support that facet of the project we leveraged our partnership with Persefoni, the leading climate management and accounting platform. We connected IndustrialCo’s internal systems with Persefoni’s platform so that Persefoni could analyze all material sources of emissions within the company’s operations and across its value chain.
This enabled IndustrialCo to understand the key drivers of its carbon footprint, both today and projecting forward. The increased transparency and ability to quickly drill down into relevant data sets allowed the company to determine and address the highest-emitting activities across the value chain, set goals for decarbonization, track progress, and generate detailed reports for customers, audits, and annual ESG reporting.
The roadmap that we cocreated, and which management owned, also addressed improved data collection, tracking, and reporting. We helped IndustrialCo quickly realize this ambition, building a transparent Scope 3 emissions inventory that could drive strategic decisions in less than six weeks.
The company can now use Persefoni’s state-of-the-art platform to compare carbon performance in much the same way it uses standard software to compare financial performance across divisions. The platform helps leadership stay focused on carbon reduction thanks to its ease of use, powerful analytic and reporting capabilities, and other features. More important, the company is now well positioned to do good in the world—for its employees, suppliers, and customers—with a new solution for GHG emissions monitoring and reporting that’s part of an integrated approach to optimizing its entire ESG footprint.
By addressing employee and supplier diversity, safety, and green products, in addition to carbon emissions, this integrated approach has put IndustrialCo well on the road to the leadership position it sought at the start of the engagement.
* We take our clients' confidentiality seriously. While we've changed their names, the results are real.