Sustainability Data Is the New Gold

Sustainability data is the new gold – a very apt description we heard from one of our customers last week.

On the one hand, this statement applies to sustainability efforts in general. Sustainability – and currently above all information on CO2e emissions and reduction successes – is becoming the new “currency” in communication and reporting. Sustainability is becoming increasingly important not only for investors but also for employees, customers and partners.

On the other hand, data within the company that allows conclusions to be drawn about sustainability efforts and, for example, CO2 emissions is becoming ever more important. The more a company captures its various business activities and processes digitally and prepares them in a consolidated way, the easier it is to determine their sustainability and environmental impact.

We see in our Product Carbon Footprint projects that prepared sustainability data is the basis for sound and meaningful results. We work intensively on this with our customers. At the same time, this creates the basis for our partners to be prepared for upcoming (reporting) requirements in future.

Other important and currently emerging topics such as the Carbon Border Adjustment Mechanism, Scope 3, the Product Environmental Footprint etc. can only be determined soundly with detailed activity data – and that is achievable!