Blogs Archive

Toxic Chemicals: Persistent Organic Pollutants and Where to Find Them

Post date April 4, 2023

In part one of our discussion on POPs, we defined POPs, their governance and their main categories.

According to the United Nations’ SDG 12 knowledge platform, the Stockholm Convention on Persistent Organic Pollutants “established international frameworks to achieve the environmentally sound management of hazardous wastes, chemicals and persistent organic pollutants. With six exceptions, all Member States are party to at least one of those conventions.” Managing POPs is also included in Target 12.4 of SDG 12. In addition, the United Nations Development Programme (UNDP) identifies most of the SDGs and how chemical safety or the sound management of chemicals and waste are fundamental to achieving them. You’ll find that list and case studies in a report called Chemicals and Waste Management for Sustainable Development by the UNDP.

“The Dirty Dozen”

The dirty dozen, or the 12 initial POPs, were first made official in 2001 at the Stockholm Convention, leading to stronger regulations banning them in many countries. POP is a general designation—a class of toxic chemicals that are organic or carbon-based. But what are the different POPs that are being addressed and how present are they in our lives and surroundings?

What are the different Persistent Organic Pollutants (POPs)?

Aldrin – a pesticide; widely used to protect crops and control insects. This toxic substance is easily metabolized by plants and animals and persists in soil by strongly binding to particles. It bioconcentrates (easily accumulates) in aquatic organisms, exceeding amounts in the organism’s environment. Aldrin is toxic to humans. Effects include headache, dizziness, nausea, general malaise and vomiting, muscle twitching, myoclonic jerks and convulsions.
Chlordane – a pesticide used in agriculture. It is highly insoluble in water and is semi-volatile. It binds easily to sediments in water and bioaccumulates in the fat of organisms. It is also widely used against termites. Observed effects on humans included significant changes in their immune systems.
Dieldrin – a pesticide used for soil insects. It has caused serious health and environmental concerns, leading to its ban in many countries. It binds strongly to soil particles and is resistant to leaching like aldrin. This substance has been known to contribute to cases of liver and biliary tract cancer.
DDT – a pesticide used to protect crops (cotton). Its wide use started in WWII as protection from malaria, typhus and other vector borne diseases. Restrictions began with growing concerns over biodiversity and environmental damage, particularly on wild birds. It is highly insoluble in water and is semi-volatile. It is also lipophilic, easily combining in the fat of organisms leading to bioaccumulation and biomagnification. DDTs are said to be almost anywhere, even in the Arctic. It is banned in 34 countries.
Endrin – a pesticide used on crops. It is also a rodenticide. Endrin, with aldrin and dieldrin, has contributed to the occurrence of liver and biliary tract cancers. Studies have shown inclusive evidence of its effect on immune responses.
Mirex – a pesticide mostly for ants. It is very resistant to breakdown and is very insoluble in water. It also bioaccumulates and biomagnifies. Mirex has been found in human fat. Experiments have confirmed its carcinogenic properties in animals.
Heptachlor – a pesticide used on cotton insects and grasshoppers. It is highly insoluble in water and is volatile. It partitions and spreads in the atmosphere. It also binds on sediments in water and bioconcentrates or bioaccumulates in the fat of organisms. Heptachlor and endrin have been found to have been a significant factor in the occurrence of bladder cancer.
Hexachlorobenzene (HCB) – a fungicide that is a byproduct of manufacturing certain industrial chemicals. From 1954 to 1959, people in Turkey ingested HCB through tainted seed grains. Symptoms included photosensitive skin lesions, hyperpigmentation, hirsutism, colic, severe weakness, porphyrinuria and debilitation. 3,000-4,000 people developed porphyria turcica. Mothers who ingested the seeds passed the HCB to their children. The mortality rate of these children was 95%.
Pentachlorobenzene (PCB) – a fungicide, dyestuff carrier and flame retardant is also produced unintentionally in thermal and industrial processes. It can also be found as an impurity in solvents or pesticides. It is harmful when swallowed.
Toxaphene – an insecticide used in agriculture and used to control ticks and mites. It was the most widely used insecticide in the US in 1975. Studies found that there is inadequate evidence for adverse effects and carcinogenicity in humans. However, there is sufficient evidence from experiments on animals.
Dioxins and Furans – may be released into the environment through the production of pesticides and other chlorinated substances. They have been detected in emissions from the incineration of hospital waste, municipal waste, hazardous waste, coal, peat and wood and in car emissions. Their health effects include chloracne, depression, peripheral neuropathies, fatigue, hepatitis, enlarged liver, personality changes and abnormal enzyme levels.

The Central Concerns Regarding POPs

POPs are toxic and among the most dangerous substances produced intentionally or unintentionally.
Effects include death, disease, birth defects, cancer, allergies and hypersensitivity and damage to the nervous, reproductive and immune systems.
Some POPs are endocrine disruptors.
They concentrate in living organisms through bioaccumulation or bioconcentration, meaning they are easily absorbed by fatty tissue.

Better Chemical Management is Critical

Since these chemicals persist for years and can circulate globally through the grasshopper effect, production processes, such as agriculture and manufacturing, are urged to innovate in order to eliminate them and create a more sustainable future. International frameworks are helping make this happen and align businesses with safer environmental practices, chemical management protocols and the Sustainable Development Goals.

CleanChain helps organizations achieve transparency and real-time insight into the chemicals used throughout their supply chains. Contact us to learn more about how we can help you achieve your sustainability goals.

How to Holistically Manage Environmental Property Risk

Post date April 3, 2023

5 Reasons Why Supply Chain Mapping is Important

Post date March 30, 2023

The results of a Deloitte survey states that “76% of companies are now relying on digital supply chain tools for increased visibility into their supply chain, as one of their top risk mitigation strategies. A lack of transparency can impact its supplier relationships, operational efficiency, risk management and sustainability performance.” Certainly, digital tools can help, as the pressure to communicate ESG progress mounts.

Supply chain mapping is critical for businesses that want to understand and optimize their supply chain operations. It involves identifying, analyzing and understanding all of the steps involved in the production and distribution of goods and services, from extraction of raw materials to delivery to the end customers. It also includes the flow of information from suppliers to customers. By mapping out the entire supply chain, businesses can identify bottlenecks, risks and opportunities for improvement.

Why is supply chain mapping important?

Supply chain mapping is important for businesses for several reasons:

Identify inefficiencies: By mapping out the supply chain, businesses can identify areas where processes are inefficient or redundant, leading to wasted time and resources. Without seeing the whole picture, it is hard to know what actions to take. According to McKinsey, the potential impact of Supply Chain 4.0 in the next two to three years is huge – up to 30% lower operational costs, a reduction of 75% in lost sales while decreasing inventories by up to 75%, at the same time significantly increasing the agility of the supply chains.
Save time and money: Mapping your supply chain can give you the data you need to more easily power predictive and business intelligence tools for future improvements and changes, saving you time and resources.
Mitigate risks: Mapping your supply chain increases transparency, enabling you to identify potential risks, such as disruptions in the supply of raw materials or delays in shipping, developing contingency plans to mitigate them. To mitigate risks, it is also becoming increasingly important for companies to know applicable standards and comply with regulatory requirements, such as conflict minerals reporting and environmental regulations.
Improve sustainability: Supply chain mapping can help businesses ensure that all suppliers are acting responsibly across the value chain. It will identify opportunities to reduce your supply chain’s carbon footprint and promote sustainability by optimizing transportation routes and reducing waste.
Increase customer satisfaction: By understanding the entire supply chain, businesses can better meet customer demands and expectations, such as faster delivery times and higher product quality. Consequently, it will differentiate your business from the competition.

As you can see, mapping your supply chain carries with it many benefits. We’d love to assist you in making these benefits work to your company’s advantage. Contact us for more information.

Mythbusters Series: Regulatory Compliance

Post date March 23, 2023

In this blog, we’re going to debunk a few of the misconceptions surrounding your legal requirements as a brand, supplier or business in general.

Myth #1 – “You can access the law for cheaper or even free in some countries”

Our take on it: But even if this is the case in at least some countries, the real difficulty lies somewhere else. The challenge comes in knowing which of the laws and sections of regulations apply to your business and each of its facilities. Quite often, businesses think it’s cheaper to do this themselves and end up falling into a timely and costly trap. Laws come in different formats and are often written in legal jargon, requiring trained lawyers to help understand and break down the obligations. In short, sourcing, deciphering and tracking each regulation for changes is a complicated and stressful task. You need to think about the context of each operational site, the activities that take place there, the location, its jurisdiction and the industry to be 100% confident of your legal obligations and how to ensure your compliance. CleanChain’s Solution: The CleanChain Compliance module can quickly obtain all the regulatory content (applicable laws and legal requirements) for each of your facilities including national, federal, state, provincial, county, district, city and local. Our technology platform transforms this into a uniform format, making it easy to see all of your regulatory requirements for the facility in one place and quickly compare this with other sites (even if this is across multiple countries and jurisdictions).

Myth #2 – “It’s cheaper to pay a consultant to check and filter out our relevant laws”

Our take on it: It is correct to think that a consultant can find the correct laws for your business and its operations, but this manual process is going to take them some time and once they have the final list, how do you know if it is still up-to-date? With the rate of new regulations being created and existing legislation being updated, you’ll instantly be putting your organization at risk of non-compliance with a static list and solution. CleanChain’s Solution: CleanChain Compliance provides you with up-to-date regulations and instant notifications if anything changes. The platform will provide a quick, translatable, easy-to-understand summary of the change and any associated consequences of non-compliance for your global teams to access. This unified platform also makes it straightforward for auditors to assess your compliance activities in one place.

Myth #3 – “If the law or regulation isn’t tracked, we cannot be liable”

Our take on it: As shocking as it is, we have heard businesses say ‘Ignorance is bliss’ when it comes to the law. Fortunately, there are many companies that act responsibly and lawfully, and most countries also acknowledge that ignorance of the law is not an excuse for non-compliance, it is unlawful and pure negligence. Governments all over the world are increasing legislation and consumers are demanding more transparency from brands, making it harder for organizations to cut corners and operate unfairly. Today, most companies will not accept anything less than compliance with the law and are going even further to provide transparency and sustainable business models with ESG initiatives and CSR commitments. No matter the size of your organization, it’s wise to keep on top of the law or risk steep fines, a loss of business through reputational damages and even potential imprisonment. CleanChain’s Solution: Through the use of automation and our compliance list feature, CleanChain Compliance helps the whole supply chain ensure that everyone knows what is required of them to comply with the law and help to build a just and sustainable world.

Summary: Regulation is only on the rise

The push to Net Zero and the impacts of climate change has seen an unprecedented increase in new worldwide environmental legislation in recent years. This, teamed with the rise of the eco-conscious consumer calls for change quickly, so we will see more and more regulatory change over the coming years, which becomes harder and harder to track. Never has it been more critical to invest in your compliance management tools and processes to streamline your legal requirements. CleanChain’s Compliance module tackles just this, making it quick and easy to determine each of your operational regulations and stay up-to-date with the latest legal obligations. Whether you are a brand or supplier, you can manage your compliance with confidence and gain full transparency across the entire supply chain. Learn more

Mythbusters Series: Wastewater

Post date March 23, 2023

That’s assuming every supplier facility will participate, and can also provide the data points required. Therefore it’s important to use unified systems across a value chain and unified thinking. The participation of your facilities in wastewater programs is normally best driven through a contractual agreement with agreed objectives, set obligations and ongoing training.

This blog debunks some of the misconceptions about wastewater emissions data and its visibility as a brand or facility.

Myth #1 – “Sourcing wastewater data isn’t a viable option for the business as it can only be gathered at an individual facility level and needs to be gathered regularly.”

Our take on it: This is an obstacle for many brands. We have even heard of facilities occasionally refusing to participate in wastewater programs and to disclose their emissions data. Ultimately this hurdle must be overcome to achieve greater success with wastewater programs and meet environmental commitments or own company ESG targets.

Value chains can be in the hundreds which requires a lot of resources to manually review each facility’s compliance with standards, permits and brand guidelines, on top of consolidating the data points to gain useful insights. Fortunately, technology has come a long way and can make this a task quick, accurate and straightforward for facilities and brands.

CleanChain’s Solution: A cloud-based solution such as CleanChain enables each entity to enroll into a wastewater program and enter their wastewater emission data. Dashboards provide brands with a value chain view and a facility level view, saving substantial time, improving accuracy, and enabling brands to quickly gather insights about their environmental impacts and make improvements.

Myth #2 – “There are many separate reports and data points held in multiple locations, it is near impossible to get an accurate picture of your value chain’s wastewater emissions and compliance at any given time.”

Our take on it: Yes, there are many different reports and data points to gather nowadays for your wastewater programs and emissions reports. If anything, this is only going to get worse as environmental regulation increases and compliance risk assessment methodologies improve. The brilliant thing about technological advances means that large quantities of data can now be gathered, standardized, assessed and reported back in meaningful ways in just a matter of seconds, and all in one system.

CleanChain’s Solution: Our system records and tracks your chemical, wastewater and regulatory compliance data within a unified platform. Brands can find SDS, screened chemical, chemical inventory and wastewater emissions data in one platform to give a quick and reliable view of the value chain’s performance. SDSs for proprietary chemicals can also be gated for specified brands and facilities.

Myth #3 – “Pinpointing which facilities need to undertake corrective actions and which pose the greatest risk is like looking for a needle in a haystack.”

Our take on it: Whether you are a lean team or a large enterprise with lots of resources, this task will still feel daunting. The idea of trawling through data from each facility and gathering this into an excel sheet to sort is not at the top of anyone’s to-do list. And that’s before you start to put in place corrective plans and actions to address any issues. This is the perfect task for a machine: setting parameters, gathering data points and ranking these data sets in order of the highest risk to the business.

CleanChain’s Solution: CleanChain’s platform is designed to analyze vast quantities of data in a matter of seconds. Our Wastewater module offers Corrective Action Plan (CAP) functionality to help brands identify the highest risks pertaining to their hundreds of facilities in relation to their chemical and wastewater data. This solution means that your resources can focus on making things better, rather than looking for the problems. The platform also allows tracking of activities for resolution, so both brands and facilities have accountability for their ongoing performance.

Summary: Value chains must act on wastewater now

Wastewater is one of the biggest areas of environmental concern. Globally, 80% of wastewater is flowing back into the ecosystem without being treated or reused. The fashion and textiles industry are one of the biggest polluters of water at 20%, with dyes, chemical run-off and other waste types contaminating the local water supply and surrounding environment. Value chains need to start acting immediately to protect this precious resource and process their wastewater safely and responsibly, regardless of cost.

CleanChain’s Wastewater module enables the entire value chain to seamlessly track and monitor wastewater emission data cost-effectively.

Learn more

Mythbusters Series: Screened Chemistry

Post date March 23, 2023

Such growth in chemical usage and pollution is quickly turning into a third great planetary crisis according to New Scientist. It’s critical that brands look for more sustainable ways to manage their chemicals and work with facilities and chemical manufacturers in their value chain to introduce sustainability programs and environmental goals to combat this plight.

Let’s now debunk some of the misconceptions about screened chemistry programs and the responsibilities of brands, facilities and chemical manufacturers.

Myth #1 – “Brands cannot be held responsible if other parts of the value chain don’t want to participate in a screened chemical program.”

Our take on it: Currently each facility can choose to screen their chemical usage. However, brands can also choose to work only with suppliers that meet their standards and brand promises. Brands have a responsibility to ensure participation from their facilities in screened chemistry programs and shouldn’t turn a blind eye. If the lack of participation lies with a chemical manufacturer, facilities can get support from ToxServices and Scivera when forwarding a screening request to the chemical manufacturer. In the case that the chemical manufacturer does not agree to screen the product:

Brands should support the facility by approaching the chemical manufacturer together to request the screening or
Seek an alternative solution that serves the required need and is screened or
Approach chemical manufacturers that offer a similar product who are willing to screen the product

CleanChain’s Solution: CleanChain supports the whole value chain to make improvements, increase transparency and work together to meet environmental promises. Brands, facilities and chemical manufacturers can all log in to the same platform, upload data and see reports.

Myth #2 – “It’s more cost-effective to stick with the chemical manufacturers I already use, even if they don’t screen all their chemicals.”

Our take on it: While you may have the cheapest manufacturing costs, the non-monetary costs could outweigh this significantly. As a brand, it’s your duty to provide good quality at reasonable prices for your customers. But it is also your responsibility to do this in an environmental, social and ethical manner. If you proceed to use dangerous chemicals in your manufacturing process, you could be putting your employees, customers and the local community at risk where the costs to your business could in fact be massive, such as losing loyal customers, reputational damages, fines, imprisonment and even closures. So, it’s wise to think about all the costs and not just the financial ones.

CleanChain’s Solution: Using CleanChain monthly will give you access to InCheck reports where brands and facilities are able to track what chemicals have been screened. Brands can also continuously encourage facilities to improve on the number of screened chemicals and set targets.

Myth #3 – “Screened chemistry isn’t a legal requirement, so I cannot be held accountable.”

Our take on it: Every brand should be striving for continuous improvements, whether they are operational, environmental, social, etc. Achieving ZDHC conformance shows you care about how you conduct business and your impact on the environment. Those who aren’t planning for improvements or ZDHC conformance will find themselves in choppy waters soon, as new regulation comes into play. It’s likely brands will be required to prove traceable chemical information on product materials, so those who aren’t making changes now could soon find themselves in danger of non-compliance. It’s advisable for brands to work toward a Screened Chemistry certificate, as this is the most comprehensive document today that can demonstrate compliance to regulators.

CleanChain’s Solution: Our chemical module provides brands with the ability to track chemical usage across their value chains. Facilities can easily join the program by logging into the platform and submitting the required information. Toxicology reports are thorough, containing information relating to every single ingredient in the product. If a dangerous chemical is found, environmentally friendly alternatives can easily be found.

Summary: There is no excuse for hazardous chemical usage

The fashion industry plays a critical part in reducing the number of hazardous and harmful chemicals. For instance, it normally takes roughly 8,000 chemicals to turn raw materials into textiles. Is this really necessary? And how many of these chemicals are safe for use? In the US alone, of the 40,000+ chemicals used in consumer products, less than 1% have been rigorously tested for human safety. On top of this, 50% of factories’ chemical inventories are currently unaccounted for. It simply isn’t good enough, and regulators are now taking action to help revamp this. Fortunately, there are some chemical manufacturers already making better choices. Rudolf Duraner, for example, is incorporating sustainability principles into every business decision, encouraging screened chemistry and making environmentally friendly choices across the business. However, the number of proactive chemical manufacturers like this is far too few. So, it lands on the brand’s shoulders to encourage participation in programs, like screened chemistry, for their value chains and to begin making a real impact in the industry.

CleanChain’s Chemical module enables the entire value chain to demonstrate progress and transparency using a unified platform.

Learn more

6 Steps for Effectively Managing Environmental Property Risk in 2023

Post date March 8, 2023

Market value can be negatively impacted by such things as the economy, community political issues, current building and/or property conditions, and crime rates. We may also define property risk associated with non-payment or borrower debts. But environmental risk is not normally a top concern for real estate managers and investors… until it’s too late.

The true danger of delaying action on environmental property risk is the potential for contaminated soil and/or groundwater that spreads pollutants to nearby properties, causing harm to the local ecosystems, health risks to tenants and neighbors, regulatory violations and fines, legal liabilities, decreased property value and revenue loss due to reputational damage. These environmental risks point to prevention and mitigation, which require a planned management strategy. To effectively manage a real estate portfolio for environmental risk, you need to consider the following six steps:

Conduct regular risk assessments: Regular risk assessments can help to identify the potential environmental hazards or risks to real estate.
Implement preventative measures: Once potential hazards have been identified, create measures to prevent incidents from occurring and/or to help minimize impacts of hazards that are unpreventable.
Initiate mitigation measures: In the event that environmental hazards are identified, determine practical mitigation measures that help to reduce long-term impacts to property value, minimize or prevent exposure to tenants and ensure greater property resilience.
Stay up to date on regulations: Remain informed on the latest laws and regulations related to environmental hazards to ensure compliance with them. New regulations on emergent chemicals (such as PFAS) may impact real estate value and require mitigation at sites where impacts by these chemicals have now been identified.
Engage stakeholders: Share the above plan with your team, but also involve all relevant stakeholders in the risk management process, including property owner, tenants, contractors, and local authorities. The more informed stakeholders are on why risk management is important, the more they will accept the adoption and implementation of your emergency response plan.
Leverage PropTech: Use innovative PropTech solutions, such as RiskFacts, to simplify the process of managing property risk by gaining a comprehensive view of potential hazards.

Staying on top of all six of the above steps will put you well on your way to successfully manage environmental risk for real estate. If you need to speak with an expert on how to make sure you have covered all your basis when it comes to environmental property risk, feel free to reach out to me directly.

Discover the Power or RiskFacts’ Property Risk Forecasting.

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Sustainability Tooltip: Incorporate sustainable practices into property management to promote long-term resiliency. Sustainable practices may include upgrades to energy efficiency, upgrades to alternative sustainable energy sources and use of smart technologies to help control or minimize building, heating, cooling and lighting costs.

Reducing the Risk of Inaccurate Data

Post date February 27, 2023

With businesses worldwide moving toward greater data use, it’s important to determine the main reasons why data is inaccurate and determine which preventative measures organizations should choose to bypass problems in data collection and processing.

Non-Integration of Databases

Using a variety of databases that are not integrated with one another is a recipe for poor data-entry habits. Processing duplicate records or having to re-enter information is not just a waste of time, it degrades data quality. A sound way to avoid running the risk of poor data entry is to employ a data specialist to help with systems integration and confirm that your databases and enterprise systems work together. This can prove to be a rewarding investment to reduce errors, eventually saving you time and improving productivity. Where direct integration is impossible due to resource, time or technology constraints, it is possible to implement specialist managed services that can move information from one system to another efficiently, using tried and tested processes with appropriate quality control.

Inconsistencies in Data Capture Protocols

The way data is formatted and entered greatly affects its quality. An example could be as simple as “1-3, 1 to 3, One Two Three or 1,2,3.” When there are inconsistencies, data is managed and interpreted in different ways, generating inaccuracies and a lack of oversight.

Substandard Data Migration and Integration Processes

When conducting data migration, there is the inherent risk of irregular, missing or misplaced data values. With something as seemingly simple as transferring files to a spreadsheet, it can also cause data inconsistencies. However good your data procedures may be, any inaccuracies in data format or content can cause significant errors during a data migration process.

Outdated Data or Data Decay

Since data is always changing, even over a relatively short period of time, much of it will have already become passé or altered by the time you are ready to use it. According to ZDNET research, one in three people change their email address once a year, because they have changing ISPs, because they have switched companies or roles or even because they are trying to out-run spam.

Accurate, precise and useful information is king

Trusted, high-quality, top-tier data can lead to growth in sales and help executives drive better business decisions. Unless business owners and executives prioritize high data quality management, they won’t be able to take full advantage of bigger and better data opportunities, including data insights and marketing analytics. The increasing torrents of detailed and complex data being collected is a key resource for businesses. Not implementing a comprehensive approach to collecting, cleaning, calculating and analyzing data can be detrimental to any business. With DataAssured you can outsource your burdensome data management and reporting tasks, ensure your data is accurate, connected and utilized and get back to making a difference.

Learn more by booking a 20-minute session with our data experts to check the accuracy of your data.

Navigating ESG Frameworks with Business Intelligence

Post date February 27, 2023

An exabyte is 1,000 bytes to the sixth power (1,000,000,000,000,000,000 bytes). To give you an idea of the scale, all the words ever spoken by humans would fit into just 5 exabytes. Perhaps in more concrete terms, 463 exabytes is the equivalent of 212,765,957 DVDs’ worth of data being generated per day.

Businesses are searching for a single source of truth

Google, Facebook, Microsoft and Amazon store at least 1,200 petabytes of information already, and these are the software powerhouses that businesses rely on today for sourcing, storing and managing these vast quantities of data. With the expected increase in data generation, companies will seek data from multiple sources across the business and value chain, and each territory and department will have its own set of specific metrics and data points that need consolidating into a single source of truth for the businesses to take action. Without this data consolidation for ESG (Environmental, Social and Governance), there won’t be any insights, and businesses won’t be able to evaluate their ESG impacts and performance.

Effectively managing all your environmental reports and frameworks

Along with the data increase, standards, policies and regulations are all increasing at a rapid pace and on a global scale to drive down emissions and create a more sustainable environment. This is having a ripple effect when it comes to reporting and the types of metrics that businesses request internally and that regulators and stakeholders request externally.

Leveraging a technology solution such as CleanChain Business Intelligence enables companies to integrate all their ESG data into one web application. This smart platform automatically creates data models that are customized to your operations and reporting requirements, without the need for excessive IT support.

The advantages of harnessing Business Intelligence include:

Big cost and time savings by eliminating unnecessary manual tasks, avoiding human error and making use of existing templates and tools
Fully customized to your business with configurable reports and standardized metrics that can be viewed in multiple formats
Accountability where data anomalies can be identified and tracked through to resolution
Automated and streamlined data collection with cleansing capabilities providing accuracy
Up-to-date reporting and risk management with reliable data, supporting documentation, analytics and audit trails located within a single gated system where access permissions can by defined
Organization-wide engagement through the use of a single platform to track workflows, manage team collaboration and see the meaningful impact across the business
Security—your business will not only be ISO-compliant, but you can also set permissions so that only relevant data is shared with users that are specified

Navigate ESG with intelligence

ESG has been coined by many as the latest fad for investors and business stakeholders. Whether you this or not, the trend certainly isn’t showing any signs of slowing down. Actually, it has accelerated with the Sustainable Development Goals (SDGs) published in 2015 by the United Nations and more recently by the European Green Deal. In a bid to make the EU the first climate-neutral continent by 2050, the European Commission adopted a set of proposals to make the EU’s climate, energy, transportion and taxation policies align to reduce net greenhouse gas emissions by at least 55%, compared to 1990 levels, by 2030. At the core of best ESG practices, goals and policies are proactive measures to create a more environmentally friendly and sustainable place, something every brand should aspire to.

When you begin drilling down into each of the ESG pillars and how they might translate into trackable metrics, reports and frameworks, nothing points to why ESG should become the latest buzzword. In fact, the origins of ESG can be tracked back to 18th Century—so it’s not a new concept at all. But the current emphasis on ESG is a fundamental shift in the way that business operates worldwide. The brands, businesses and value chains that are taking ESG seriously—by creating environmental goals and brand policies and adopting ESG platforms—are quickly gaining a competitive edge by attracting a new sustainability-conscious customer base while acquiring new investor and partnership interest. An ESG platform is one of the most intelligent ways to navigate the ever-increasing environmental data requirements and an easy way to showcase your commitment to ESG business practices that will make a positive impact.

Learn how to structure your ESG reports in a matter of minutes with Business Intelligence.

The Importance of Property Risk Forecasting

Post date February 10, 2023

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