The impact of carbon emissions is not limited to any specific region or country. Climate change is a real global issue that requires a coordinated effort from all countries, companies and individuals to address. Therefore, a universal approach to carbon management is necessary to effectively tackle this problem.
Global experts agree that, to do this right, carbon management should be universal. Carbon management is the process of measuring, reducing, and offsetting carbon emissions, and it is essential to address the issue of climate change, which affects the entire planet.
Not to say there’s been a lack of trying when it comes to managing carbon emissions, however. Many entities are already taking steps to reduce their carbon footprint. That said, a more concerted effort is still needed to address this global problem.
In an effort to support organizations in achieving their sustainability and environmental, social, and governance (ESG) objectives, SaaS (News - Alert) provider of integrated risk management and GRC solutions MetricStream has entered a partnership with Greenly, a carbon management platform. The partnership combines MetricStream ESGRC and Greenly’s platform.
MetricStream ESGRC is an ESG reporting and management platform that offers more than just automated disclosure reporting. It identifies gaps in disclosure, provides insights, documents controls, manages risks and improves ESG scores. ESGRC optimizes ESG goals with automated reporting and provides performance baseline and risk intelligence by integrating with several rating and performance monitoring platforms.
Greenly leverages technology to provide a simple, affordable solution for companies of all sizes, making carbon management as pervasive as financial management. With 1,000-plus customers in more than 10 countries, Greenly scales carbon management to put all businesses on a path to net zero and limit global warming.
Combined, the partnership aims to simplify the process of measuring, monitoring and reducing emissions on Scopes 1, 2 and 3, following the Greenhouse Gas Protocol methodology. Customers can now monitor all emissions in one place, including those emerging directly from controlled assets, indirect emissions, and emissions from third-party and vendor operations.
Once customers receive emissions data via Greenly, they can produce comprehensive disclosure reports, track and monitor ESG insights, identify and assess ESG risks, and identify disclosure gaps, among other things, through MetricStream.
“Access to accurate data connected to the overall ESG program is the first and most critical step to setting realistic and achievable goals,” said Prasad Sabbineni, co-CEO of MetricStream. “This partnership helps businesses reduce the manual effort it takes to create disclosure reports, stay ahead of regulatory requirements, and accelerate GHG goals.”
This partnership marks a significant step forward for organizations seeking to improve their sustainability and ESG performance. With the ability to automate the connection between carbon accounting and ESG strategies, companies can now more easily track and manage their emissions, leading to a more transparent and sustainable future.
Edited by
Alex Passett
