Jul 01 2023
Newtral
Auto parts manufacturing companies market in India is a 56-57 billion USD opportunity as of FY 2022. Companies like these typically have a presence globally. Due to this, they have to navigate a plethora of sustainability compliances and reporting frameworks. Current regulations in sustainability and carbon accounting like CDP, GRI and TCFD requires companies to report their carbon footprint across their value chains and their geographical presence.
EHS, Sustainability and Leadership teams face a lot of challenges when it comes to data collection, analysis and collaboration for sustainability reporting, MIS and maintaining audit trail. Data silos, Lack of standardization, Lack of resources, Lack of buy-in from leadership are couple of the challenges that are widely prevalent.
Sustainability Dashboarding becomes a necessary tool for EHS, Sustainability and Leadership teams as a single source of information which can act as a one stop solution for all Sustainability initiatives.
Keywords
Dashboard, Carbon Accounting, Sustainability Reporting, Corporate Carbon Emissions
Problem
How to enable sustainability teams within the company to take data-driven decisions and get stakeholders buy-ins
Solution
All-encompassing sustainability dashboard that helps with informed decision making – A company’s single source of truth
Impact
#### 1 | Data Collection
Stakeholder Consultation
Share/Collaborate
Data Integration
#### 2 | Data Analysis and Review
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Cluster Data
In this step, we need to review all the data that has been collected. For different companies, structure might vary. Some of the standard ways of structuring include:
Review
In this stage, it is important to review the data that has been collected via ground team and integrations.
Some of the tips that might come in handy:
Impact analysis
Data collection is one part of the picture. What next?
Simplified Impact Analysis for improving efficiencies and highlighting hotspots.
Here, Newtral can help with in-built emission factor database of 70k+ Emission factors (40k accessed via premium partnerships).
#### 3 | Data Visualisation and Dashboard Creation
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Dashboarding can help with majorly three things.
- Insight: Gain a deeper understanding of the ground reality and associated problem realisation by Board members
Resources
Tool and strategies modern teams need for sustainability roadmap.