Sustainability for businesses gets easy with reporting help from these companies

Sustainability Reporting is an overview of a company’s economic, environmental and social impacts, caused by its everyday activities. In recent years, sustainability reporting, has become a very important part of Integrated Reporting, which combines financial and non-financial parameters. Also, heightened regulatory and legal scrutiny indicate that the transparency and accuracy of sustainability reporting is increasingly important. We here discuss a few firms helping companies identify their carbon footprints and thereby aiding in sustainability reporting.

Cloverly

Cloverly is a flexible software that calculates and neutralizes carbon emissions on a per-transaction basis. They connect to the carbon offset infrastructure and purchase carbon credits such as Renewable Energy Credits (RECs), on behalf of the companies to offset carbon footprints.

Dashboard reporting daily carbon activities for offsetting

1. Emission Calculations

Cloverly creates real-time carbon offset estimates based on inputs such as shipping weight and origination and destination postal codes—or other data appropriate to the use case—to calculate the carbon emitted, the amount of credits needed for offsetting, and the cost to purchase that offset.

2. Diverse Offset Portfolio

Companies can filter by project type or geography in the Cloverly dashboard, or work with Cloverly to source a project designed specifically for their business or organization.

3. Flexible Integration

Cloverly's AWS cloud infrastructure makes for customizable integration specific to brand, styling, and functionality.

Ecometrica

Offers 3 major products for companies

1. Environmental and Climate Risk Monitoring for your Supply Chain

The CLIMATE RISK PROFILER makes complex global climate model projection data for physical risks such as water shortages, storms, flooding, sea-level rise and wildfires distilled into clear actionable insights. Helps make informed decisions to improve the resilience of your asset portfolio and supply chain and explore the risk profiles of potential future assets, suppliers or sourcing regions.

2. Sustainability Reporting

They do carbon accounting for various companies on the basis of the following steps

Data Integrity Data is automatically checked against acceptance criteria based on change and materiality thresholds. Automated Calculations All calculations are automated and take place in the platform providing consistency, transparency, and auditability. Transparency Data comes with a complete audit trail for all the calculations steps, including all the factors and assumptions used and their source.

Audited Factor Database All the factors and assumptions used for calculations are maintained by Ecometrica experts and audited by Price Waterhouse Cooper.

Data Quality Tracking All data is categorized by quality. Data quality is tracked and areas for improvement are easily identifiable. Data Locking At various stages of the reporting lifecycle, quality assured data is locked to ensure that approved data cannot be modified and to prepare for Audit. Accredited and Trusted Ecometrica is a CDP Gold partner and is the only solution assured as Audit-Ready by PWC.

3. Streamlined Energy and Carbon Reporting (SECR)

Ecometrica's sustainability software allows easy collection, calculation and reporting of energy use and carbon emissions in compliance with the new SECR framework.

It helps in dashboard reporting for multiple activities.

Also beyond these products they also offer free database access to emission factors, that allows us to search for various emission sources on the basis of year, GHGs, loaction etc.

Green Places

Green Places simplifies sustainability for businesses with a software platform that helps calculate carbon footprints, set reduction goals, purchase carbon offsets, and easily report the progress

1. Track Your Footprint

They measure, benchmark, and keep a record of the company's footprint and provide annual carbon assessments service that can help companies understand their emissions.

2.Reduce Emissions

They provide access to their library of strategies to help cut emissions and helps set track, and document progress towards your carbon reduction goals measure.

3. Remove Carbon

They help in sourcing high quality carbon credits to offset the impact

TraceCarbon: A blockchain enterprise network

TraceCarbon does traceability for the companies' emissions provides a first and best-in-class solution for the CO2 ecosystem.

The TraceCarbon Network is designed to connect all aspects of CO2 tracking; emissions, remediation activities and product lifecycle management.

• Corporate Scope 1 emissions

• Power/Utility Scope 2 emissions

• Vendor/Partner Scope 3 emissions

• Regulators & Data standards bodies

Since, all these apps/firms are involved in carbon footprint reporting in some way or the other, we can learn quite a few things from these.