Transforming ESG Reporting:
How a €180m Manufacturing Company Boosted Sustainability with carbmee EIS™
Explore how this carbmee customer is gaining a competitive edge through fast PCF transparency and carbon reduction.
supply chain EMISSIONS
REGION: EUROPE
INDUSTRY: metal production
With an increasing global spotlight on environmental responsibility and the complexities of ESG reporting requirements, businesses, especially in the manufacturing sector, are under pressure to deal with high carbon emissions, increasing operational costs, and tight regulatory reporting deadlines while also demonstrating tangible progress. A €180m-revenue manufacturing company, amidst these challenges, turned to carbmee EIS™ for assistance in collecting the right data across its organization, preparing for ESG reporting, and taking action to show progress through reduction plans.
The Challenges
Companies are increasingly required to submit Environmental, Social, and Governance (ESG) data, driven either by regulatory mandates or the need to meet customer demands for sustainable practices. This trend underscores a heightened focus on corporate responsibility and sustainability. Navigating these expectations, companies encounter various challenges that demand strategic and thoughtful approaches.
Understanding the New Requirements
Companies face the task of keeping up-to-date with new regulations like the Corporate Sustainability Reporting Directive (CSRD). This means they need to constantly educate themselves on the latest standards, interpret how these apply to their business, and make necessary adjustments. It's a process of continuous learning and adaptation to ensure compliance.
Addressing Data Collection Inconsistencies
Many organizations discover non-uniform ESG data-gathering methods, leading to inconsistencies. Addressing this requires standardizing data collection across departments and locations. It may involve updating systems, training staff on new procedures, and investing in technologies for enhanced data accuracy and reliability.
Choosing a Cost-Effective Sustainability Strategy
Organizations must decide between building an internal team, which entails higher fixed costs but fosters integrated practices, or hiring external consultants, offering quick solutions at greater variable costs. This choice significantly influences their long-term sustainability positioning and involves carefully weighing costs, benefits, and alignment with overall goals.
The Solution
After the consideration of the two investment cases (fixed costs vs variable costs) and the analysis of the output (slow and internal knowledge vs fast and external dependencies), the manufacturer decided to use the advantage of software automation. From an ROI perspective, this approach can combine the advantages of the two other alternatives. Low fixed costs and high-quality sustainability knowledge which is implemented in the company`s processes.
carbmee EIS™ emerged as the optimal solution, offering efficient and accurate ESG reporting tailored to the manufacturing sector's unique needs.
The results
In addition to ensuring full ESG regulatory adherence, our customer proudly accomplished a remarkable 30% reduction in CO2 emissions within six months, reflecting their commitment to environmental sustainability. Simultaneously, they achieved substantial cost savings of 20% by optimizing resource utilization, while fostering staff engagement and sustainability awareness within their organization.
"With carbmee by our side, we turned ESG reporting challenges into milestones, faster and more precisely than its competitors we evaluated initially"
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