Journey to Carbon Neutral Tracking and Allocating Renewable Energy Credits
Company Size
1,000+
Country
- Worldwide
Product
- Benchmark Sustainability™ platform
Tech Stack
- Data Analytics
- Data Visualization
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Digital Expertise
- Environmental Impact Reduction
- Innovation Output
Technology Category
- Analytics & Modeling - Data-as-a-Service
- Analytics & Modeling - Real Time Analytics
Applicable Industries
- Buildings
- Transportation
Applicable Functions
- Business Operation
- Quality Assurance
Use Cases
- Energy Management System
Services
- Data Science Services
- System Integration
About The Customer
The customer is a global industrial manufacturing conglomerate and sustainability innovator. The company operates over 700 facilities worldwide and employs over 37,000 people. The organization is a global climate innovator, bringing efficient and sustainable climate solutions to buildings, homes, and transportation. As part of its bold commitments for ESG and sustainability improvements, the company is working to become carbon neutral by 2030. The company's suppliers amount to $12.4 billion (USD).
The Challenge
The organization operates as a global climate innovator, bringing efficient and sustainable climate solutions to buildings, homes, and transportation. As part of its bold commitments for ESG and sustainability improvements, the company is working to become carbon neutral by 2030, taking actions to reduce Scope 1 and Scope 2 emissions from its manufacturing operations, warehouses, distribution centers, service centers, research and design labs, offices, and service fleet. The organization recognized, however, that to reach carbon neutral, it would need to reduce its market-based Scope 2 emissions for purchased electricity and to invest in Renewable Energy Credits (RECs) for the solution. A digital solution was needed to address routine operational sustainability data collection and monitoring, consolidated tracking and allocation of RECs to individual sites, calculation of adjusted Scope 2 emissions using market-based factors and REC allocations, and data quality, transparency, and reporting for external assurance.
The Solution
The organization partnered with Benchmark ESG to launch a digital solution that offered collaborative development for configurable and scalable solutions, automated calculation of company sustainability metrics for emissions, resource consumption, and energy usage, expanded emissions factor library including market-based and location-based calculations, and integrated reporting with data analytics and visualizations. The Benchmark Sustainability™ platform offers a comprehensive digital solutions package to manage the company's carbon reduction strategies and create visibility on its progress towards targets. The platform allows the company to track its energy/resource footprint and analyze data to measure progress toward goals and ESG disclosure reporting. It also enables the company to track and allocate RECs and other carbon credits to reduce site emissions. The platform also helps the company to identify site-specific energy & reduction opportunities and leverage built-in calculators to estimate savings. It also allows the company to view and analyze data using interactive reports and dashboards for a customized view of its sustainability footprint.
Operational Impact
Quantitative Benefit
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