Data-Driven Sustainability: Capgemini and Sweep’s Insights
Overview:
The “Sustainability in Action” report by Capgemini and Sweep highlights the critical role of data in driving sustainability efforts across various industries. It emphasizes the need for robust data management to meet regulatory demands and achieve sustainability goals.
The Importance of Data in Sustainability
Data is at the heart of effective sustainability strategies. The report reveals that 60% of data executives are reducing data collection, 54% are optimizing data storage, and 43% are refining data software and algorithms to minimize environmental impact. This shift towards efficient data management is crucial for reducing carbon footprints and enhancing overall sustainability.
Vendor Evaluation and Scope 3 Emissions
A significant finding from the report is that 83% of business executives now evaluate vendors based on their sustainability credentials. This practice is essential for reducing Scope 3 emissions, which are indirect emissions that occur in a company’s value chain. By holding vendors accountable, businesses can significantly lower their environmental impact.
Challenges and Solutions
The report also addresses the challenges faced by organizations in their sustainability journeys. Outdated technology and inadequate data management systems are major hurdles. However, the report suggests that investing in modern data solutions and fostering a culture of transparency can help overcome these obstacles.
The “Sustainability in Action” report underscores the importance of data in achieving sustainability goals. By optimizing data management and evaluating vendors on their sustainability practices, businesses can make significant strides in reducing their environmental impact and meeting regulatory requirements.
Read more about Sustaira’s partnership with Capgemini here: https://www.sustaira.com/capgemini
Read more about Sustaira’s Carbon Accounting Solution here: https://marketplace.sustaira.com/p/portfolioitem/Carbon%20Accounting%20Solution
Read the full report here:
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