Relying on general data from procurement spends, supplier surveys and assumptions, averaged data and using spreadsheets and manual reporting will not meet the strict global compliance requirements. Only digital data collection and analysis tools will enable the delivery of the traceable and auditable reports required by regulators and stakeholders.
For example, a unique feature of ISS’s Sustainability Software Solutions is that they enable industrial organisations to calculate their carbon footprint right down to a product level. Using Product Lifecycle Assessment (LCA) and Product Carbon Footprinting (PCF) methods, the solution calculates emissions by quantifying the energy, materials and waste in an industrial process as well as transport costs and much more.
This provides a complete data set of cradle-to-gate and cradle-to-grave impacts, from extraction of raw materials through to processing, production and distribution. Using comprehensive in-built calculations, customised reports can be delivered from an enterprise-wide view down to defined geographic locations, specific sites, boundary, category and product level.
Not only does this adhere to compliance frameworks, but it also means producers can offer their customers comprehensive and precise Scope 3 data for their own calculations which is a strong selling proposition in the new era of sustainability accountability.