IntegrityNext paves the way for a sustainable supply chain with new Carbon Emissions Navigator
Munich, June 26, 2024 - Against the backdrop of advancing climate change, a conscious approach to CO2 emissions is now more important than ever. This also includes indirect emissions along the supply chain: they often represent the largest part of a company's CO2 footprint - up to 90 percent depending on the industry. For this reason, IntegrityNext, provider of the world's leading cloud solution for managing sustainability in the supply chain, is now launching its Carbon Emissions Navigator. "With our new Carbon Emissions Navigator, CO2 emissions data can be collected and analyzed on a large scale and within a short period of time - from all suppliers as well as from our own business units," says Nick Heine, Co-Founder and CCO (Chief Customer Officer) of IntegrityNext.
This gives companies of all sizes transparency about their CO2 footprint and that of their products, enabling them to define specific reduction targets, implement measures and track progress. In this way, companies make a valuable contribution to consistent compliance with climate protection targets and face up to their responsibility for sustainable business practices. This is also relevant in the context of the CSDDD (Corporate Sustainability Due Diligence Directive) and CSRD (Corporate Sustainability Reporting Directive), which oblige companies not only to record their CO2 emissions, but also to take into account and transparently document a broader range of environmental risks. In addition, manufacturers can comply more specifically with the strict requirements of the Digital Product Passport (DPP) adopted by the European Union with regard to sustainability criteria.
Challenges in reducing CO2 emissions
When it comes to effective strategies for reducing CO2 emissions, companies face major challenges: As the relevant data cannot usually be collected with reasonable effort, there has been a lack of consistent transparency regarding emissions in the supply chain to date. There are also difficulties in monitoring and tracking measures to minimize CO2 emissions, which hinder the achievement of sustainability goals. The lack of reliable data on CO2 emissions also makes sustainability reporting to key stakeholders more difficult. Furthermore, companies are increasingly confronted with compliance challenges: constantly changing requirements and inaccurate or outdated emissions data make it difficult to consistently comply with regulations and standards. Last but not least, inefficiencies and errors due to inconsistent data sources and the manual collection and analysis of data lead to inaccurate tracking and reporting of emissions.
Overview of all important CO2 key figures
IntegrityNext is now addressing all of these challenges with its new Carbon Emissions Navigator: a dashboard provides companies with a transparent overview of all key CO2 figures such as total emissions, current reductions, legal obligations and the status of supplier onboarding. The CO2 footprint can be comprehensively analyzed within the entire supply chain and updated annually. The tool provides a detailed overview of suppliers' CO2 reduction commitments and their current progress against benchmark targets. Responsible parties can engage directly with business partners, identify missing or incorrect emissions data and drive improvements through a collaborative approach.
The IntegrityNext solution works automatically and directly with the suppliers. Customers thus receive reliable emissions data with minimal effort and at no cost to the suppliers. Advanced analyses provide deep insights into the origin of emissions and help to identify and implement new opportunities to reduce CO2 emissions. Thanks to clear, objective data, pollutant emissions can be significantly reduced both at suppliers and within the company itself.
Basis for effective decarbonization strategies
On this basis, managers can develop and implement effective strategies for decarbonization. They benefit from a holistic view of the emissions landscape and immediately actionable insights for process improvements. This makes it possible to keep your own company and suppliers on track to achieve specific sustainability targets at local and global level. In addition, thanks to clear, precise and comprehensive data on CO2 emissions, reporting to stakeholders can be optimized. Emissions data can also be used to identify risks, take action to mitigate them and improve supply chain performance. Finally, the solution helps to automate the collection and analysis of data, minimize manual errors and thus increase operational efficiency.
Powerful tool for effective climate protection
"Depending on the industry, up to 90 percent of CO2 emissions can come from the supply chain. This alone makes it clear how important it is for companies to know - and tackle - their so-called Scope 3 emissions. Our Carbon Emissions Navigator lays the foundation for effective climate protection measures: Companies gain essential transparency about CO2 emissions along their supply chain. This first step enables them to develop targeted reduction strategies and implement them sustainably - here, too, we provide support and thus offer companies a holistic approach," says Nick Heine, Co-Founder and CCO (Chief Customer Officer) of IntegrityNext, summarizing the benefits of the solution.
About IntegrityNext
As a global leader in supply chain sustainability software, IntegrityNext stands at the forefront of corporate sustainability and compliance. Since 2016, businesses have trusted IntegrityNext to simplify ESG compliance, reduce risks, and address critical challenges like due diligence, decarbonization, and sustainability reporting. With over 500 customers and 2 million suppliers across 190 countries, IntegrityNext is transforming supply chains into engines of transparency and sustainable growth.
