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Carbon Emissions Tracking

Encouraging better participation from suppliers is crucial for achieving sustainability goals.

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Carbon Emissions Tracking
  • Heineken
  • AutoNation
  • Lenovo
  • Mondelez International
  • Sonova
  • BAE Systems

Carbon Emissions Tracking

The platform helps monitor, measure, and manage carbon emissions and other greenhouse gas (GHG) emissions associated with various activities or entities. Its value lies in its ability to provide accurate data on carbon emissions, which can be used for several purposes:

  1. Environmental Impact Assessment: Identify emission hotspots, evaluate the effectiveness of emission reduction strategies, and set environmental targets.
  2. Compliance and Reporting: Ensures accurate and timely reporting, reducing the risk of non-compliance and associated penalties.
  3. Stakeholder Engagement: Demonstrate your organization’s commitment to environmental sustainability, respond to investor demands for ESG (Environmental, Social, and Governance) disclosures, and engage with suppliers who prioritize sustainable products and services.
  4. Cost Reduction and Efficiency: Reduce costs through lower energy bills, reduced material usage, and streamlined processes.
  5. Reputation and Branding: Adopting a carbon tracking system and actively working to reduce emissions can enhance an organization’s reputation and brand value.

“The opportunities that come from the consolidation and enhancement of data can have a healthy business impact.”

Greg Brown, Head of Procurement Directorate

Track and measure performance

Implement a robust system for tracking and measuring suppliers' carbon emissions. Set up regular reporting mechanisms to monitor progress and identify areas where suppliers can improve. This data-driven approach helps identify high-impact areas and facilitates targeted interventions.

Collaborate with suppliers

Foster a collaborative relationship with your suppliers by engaging in open dialogues and joint problem-solving. Encourage them to share their challenges, ideas, and best practices for reducing carbon emissions. This collaborative approach can lead to innovative solutions and stronger supplier engagement.

Supply chain transparency

Encourage suppliers to disclose their carbon emissions and supply chain data. Promote transparency by requesting regular reporting and tracking progress over time. This enables better understanding of the carbon footprint of your supply chain and helps identify areas for improvement.

Key capabilities

A flexible data model empowers users to extract insights and perform analysis on emissions data quickly. It facilitates agile decision-making by enabling the creation of dynamic reports, dashboards, and visualizations, providing stakeholders with timely information to inform sustainability strategies and initiatives.

Integration with other management systems, such as energy management, supply chain, or sustainability platforms, provides organizations with a holistic view of their operations. This integration helps identify areas for improvement, optimize resource usage, and implement targeted initiatives to reduce carbon emissions effectively.

A carbon emissions tracking system deals with vast amounts of data, including emissions from various sources, energy consumption data, and environmental parameters. As the system operates over time, the volume of data will grow significantly. Scalability ensures that the system can handle the increasing data load without performance degradation, enabling efficient data processing and analysis.

Climate change and sustainability requirements are constantly evolving. Low code and no code platforms offer flexibility and agility, allowing for quick modifications and adjustments to the tracking system as new emission factors or reporting standards emerge. This adaptability ensures that the system remains up to date and compliant with evolving regulations and best practices.

Why HICX for Carbon Emissions Tracking

User friendliness

A user-friendly interface encourages greater user engagement and participation. If the system is difficult to navigate or understand, users may become frustrated or disinterested, leading to lower adoption rates and less accurate data input.

Time to value

The urgency to mitigate climate change and reduce carbon emissions necessitates swift action. By implementing a carbon emissions tracking system with a short time to value, organizations can quickly gain insights into their emissions, identify areas for improvement, and take timely action to reduce their carbon footprint.

Improved supplier experiences

Improving the supplier experience is crucial for ensuring data accuracy and completeness, fostering collaboration and cooperation, simplifying the reporting process, increasing supplier engagement and buy-in, and promoting transparency and accountability throughout the supply chain.

Segmentation

Segmentation allows for detailed data collection, targeted mitigation efforts, performance monitoring, resource allocation, policy development, compliance monitoring, and benchmarking. By understanding emissions at a granular level, stakeholders can make informed decisions and take effective actions to reduce carbon emissions and combat climate change.

More ways to use HICX

See how the Supplier Experience Management Platform can put your suppliers at the heart of your digital transformation

Product overview
Supplier Onboarding
Supplier Experience Management
Supplier Master Data Management
Supplier Risk Management
Managing Supplier Compliance
Supplier Performance Management
Carbon Emissions Tracking
Purchase Order Visibility
Invoice Visibility
Supplier Data Consolidation