In part one of our Making sense of sustainability blog series, we highlighted the challenges facing organisations and individuals to get to net zero and our collective responsibility of limiting global warming to 1.5 oC . We summarised how our client organisations are approaching this challenge by (a) adopting a ‘carbon conscious’ operating model (b) harnessing green technology, and (c) putting people and processes at the heart of sustainability.
Many organisations have formed sustainability agendas but have disparate data sets, with limited data and analytics capability to report, manage, and forecast carbon emissions to support day-to-day decision making. This is echoed by a recent NatWest study, which showed that 87% of SMEs are unaware of their business’s total carbon emissions.
In this blog, we explain how data and analytics plays a crucial role in helping your organisation to manage your environmental impact.
Data-driven sustainability is important because it instigates traceability, accountability, and objective decision-making.
Our top four success factors for unlocking data-driven sustainability include:
- Collect relevant data and ensure users can access insights
- Make strategic use of sustainability data in forecasts, trend analyses, and decision-making
- Engage with third parties and sustainability metrics beyond carbon emissions
- Dedicate people to sustainability reporting and engage your wider stakeholder communities
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