Organisations sit on a wealth of untapped data and while many understand it can hold value, achieving this is often seen as complex and more hassle than the perceived value.
Utility data is one of these areas whereby understanding it and monitoring it will generally always identify opportunities for improvement and cost reduction, however the cost of identifying the benefits often leads to nothing being actioned.
Environmental and Carbon reporting requirements have started to increase focus on the need for readily available and auditable data to be held by organisations, much in the same manner as financial data is held. That said, the reality is that there are still many companies that compiling the data for these reports is cumbersome and potentially inconsistent.
IBM have launched a new analytics, reporting and planning tool to support strategic decision making, and meet disclosure requirements called Envizi. It is designed to provide a solid foundation for ESG data management and reporting requirements and it is probably the market leading solution today. However with that comes a starting cost of $40k for the Essential package rising to $125k for the Standard package which will likely be a stretch for some organisations.
At Corus, data is at the centre of our operations – our clients can have 24/7 access to full estate reporting data which has been fully verified across Scope 1 and 2 requirements. Furthermore, we proactively work with our clients to identify and source accurate Scope 3 data, which is traceable to source and can be replicated each year ensuring accurate reporting.
