We’re delighted to announce the launch of the latest in a series of innovative product enhancements to the IntegrityNext platform – the new Carbon Emissions Navigator.
Regulatory push to curb climate change
In many industries, the lion’s share of corporate greenhouse gas emissions occurs along the value chain. Upstream suppliers, for instance providers of goods and services, often play a critical role. This is increasingly reflected in regulatory initiatives around the world that mandate companies to disclose, monitor and rapidly reduce emissions not only from their own operations (Scopes 1 and 2), but also along their value chains (Scope 3).
The most notable policies include the European Corporate Sustainability Reporting Directive (CSRD), climate-related disclosure legislation in California, and similar regulations in a number of other jurisdictions, driven in part by the growing uptake of the global ISSB reporting standards. In addition, many countries have set net-zero targets and adopted industry-specific decarbonization measures.
Market forces such as investor demands, customer expectations, and supply chain partner requirements are also driving action.
Barriers to supply chain decarbonization
Companies face significant challenges in implementing effective emissions reduction strategies: Limited supply chain transparency, complex and fragmented data collection and management, continuous emissions monitoring, and demanding regulatory requirements.
Most companies lack visibility into their supply chains and struggle to collect emissions data from their suppliers. Instead, they typically rely on average emission factors, estimates and other proxies. The use of such secondary data is fraught with many challenges. This is compounded by further factors, including the management of vast data streams and disjointed data sources, widespread manual data collection and analysis.
When companies’ IT systems and processes are unable to meet these challenges, inefficiencies and errors can occur, severely hampering the ability to monitor progress, achieve sustainability goals and ensure compliance with regulations and standards.
What the new Carbon Emissions Navigator can do for you
IntegrityNext provides you with a comprehensive solution to measure, report, and reduce your carbon emissions at scale:
- Automated collection of emissions data from suppliers and business entities
- Calculation of product carbon footprints from product lifecycle emissions
- Identification of data gaps and emission hotspots in your supply chain
- Year-over-year view of Scope 1, 2, and 3 emissions
- Performance monitoring against carbon reduction (e.g. SBTi) and neutrality targets
- Detailed company-level data to facilitate direct engagement efforts
The Carbon Emissions Navigator is a one-stop shop for supply chain decarbonization. Corporate carbon footprint and product carbon footprint assessment data is collected and aggregated into a single, easy-to-use dashboard, complete with high-level KPIs, progress tracking against targets, and advanced analytics. This enables you to understand your footprint across your value chain to ensure compliance with regulations and harness the power of procurement and supply chains for meaningful climate action.
For more information, visit our supply chain decarbonization page, download our product sheet or arrange a personal demo with one of our experts.
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