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Say goodbye to fragmented data with advanced data collection tools
One of the biggest challenges that over 70 percent of companies face with their sustainability data is data fragmentation and a lack of comprehensive data . This is where advanced data collection systems can help manufacturers collect , analyze , and visualize their ESG data .
Without regulations in place , many manufacturers need to start tracking data from different sources to meet future ESG regulations , as highlighted in a recent Deloitte report : Manufacturers “… didn ’ t set up their operations to gather this information … They didn ’ t start projects expecting this data need , they don ’ t have the track record , they don ’ t have the systems .” So , where does that leave ESG data tracking ?
Go green at the click of an ESG data accelerator button
Here ’ s where manufacturers must look to implement autonomous technologies such as ESG data accelerators , IoT sensors , and machine learning to overcome these issues . These advanced tools allow manufacturers to gather ESG insights that measure and monitor their ESG reporting . Manufacturers can co-operate and share infrastructure to leverage stock data that optimizes total inventory , reduces over production , and consumption . But how can manufacturers pinpoint the exact areas for sustainable change ?
... over 30 percent of consumers would trust brands more if they have a positive and transparent supply chain
Data dashboards simplify ESG data and keep manufacturers on track
For ESG reporting to benefit manufacturers , a data dashboard is required to visualize and interpret data . This allows for strengths , weaknesses , opportunities , and threats to be identified along the manufacturing supply chain to ensure continuous improvement .
Green fingered regulations
At present , the Companies Act is the only regulation in the UK that discloses ESG requirements , ensuring companies that have 500 employees , or exceed £ 500 million in annual revenue , report their energy usage and carbon emissions . But regulations are being introduced such as the Streamlined Energy and Carbon Reporting ( SECR ) and the UK Sustainability Disclosure Standards ( UK SDS ). So how can manufacturers get ahead of these new ESG regulations ?
Reporting tools such as ESG data accelerators can identify gaps in data and provide insights into how manufacturers can match the ESRS requirements .
Internal and external stakeholders are calling for a greener future – act now !
Research shows over 30 percent of consumers would trust brands more if they have a positive and transparent supply chain . This is where an ESG strategy can help improve manufacturers ’ brand reputation and customer collaboration opportunities as customers are more willing to work with and buy from sustainable organizations .
A recent global survey highlighted that internal stakeholders are pushing the green initiative too . Employees would rather work for an organization with a positive ESG profile – and this is where an ESG data accelerator service comes in . An effective accelerator can turn raw data into reportable data to help employees visualize their impact on sustainability efforts .
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