What Company Sustainability Managers taught us about their challenges
In today's world, businesses are under increasing pressure to address climate change and reduce their carbon footprint. Governments, investors, and employees are all calling for more sustainable policies and practices, which requires companies to accurately measure and report their carbon emissions. However, this is easier said than done, and many businesses struggle to collect and analyze the data needed to make informed decisions and advance sustainability efforts.
What sustainability managers taught us about their challenges
Over the last month, we have engaged in in-depth conversations with sustainability managers of multinationals and SMEs to gain a comprehensive understanding of the challenges they face when it comes to measuring and reporting emissions. These emissions have a significant impact on their daily business operations and affect the implementation of long-term sustainability strategies.
One of the major hurdles sustainability managers face is the complexity of tracking and gathering data from various sources, especially scope 3 emissions. Scope 3 emissions require extracting data from different sources and analyzing it, which can be time-consuming and resource-intensive, resulting in inaccurate data that affects the reporting process.
According to a recent study, only 10% of companies measure their emissions comprehensively, and respondents estimate a 25-30% average error rate in their emissions measurements. Inaccurate measurement can lead to an incomplete understanding of a company's carbon footprint, which can result in inadequate emissions reduction targets or inefficient allocation of resources to emissions reduction efforts.
To address these challenges and avoid negative impacts, companies must leverage technology and advanced solutions that simplify the carbon management process. Solutions such as Osense’s AI-powered carbon accounting software can help sustainability managers streamline data collection, improve accuracy, and ensure compliance with regulations, ultimately enabling companies to effectively reduce their carbon footprint and contribute to a more sustainable future.
Accurately measuring emissions is crucial to implementing effective sustainability strategies that reduce emissions. Organizations that fully measured emissions across Scope 1,2, and 3 significantly reduced their emissions by 64% compared to those companies that partially measured emissions, reducing only 45% of their emissions. Osense’s software provides businesses with a comprehensive solution to measure, manage, and reduce their carbon footprint with the greatest accuracy. By analyzing large data sets from various sources, Osense generates real-time carbon emissions data, helping companies measure emissions on the toughest scope, scope 3, without relying on numerous Excel databases and wasting time gathering all the right data.
How can your company ensure accuracy when measuring with Osense
The pressure on businesses to address climate change and reduce their carbon footprint is only going to increase in the coming years. By leveraging Osense companies can streamline their carbon management process, accurately measure emissions, and make informed decisions to advance sustainability efforts. This will not only help reduce their impact on the environment but also contribute to a more sustainable future for all.
