In recent years, many large publicly traded companies have embraced a profound commitment to Environmental, Social, and Governance (ESG) principles in their operations. They have set ambitious Environmental Sustainability Targets aimed at reducing water use, energy consumption, waste generation, and greenhouse gas emissions. To achieve these objectives, every division within these companies must contribute to meeting corporate goals. However, setting a target is merely the first step. The real challenge lies in achieving these objectives by identifying and implementing projects to do so. To accomplish this, companies need to predict the anticipated results of their projects, as well as monitor actual results in real-time. Leveraging the power of the EHS-Dashboard™ for predictive modeling of projects, real-time data collection, monitoring, and reporting allows teams to focus their efforts on achieving these crucial results.
One of CAPACCIO’s clients, a Biotech Manufacturing company, is currently grappling with precisely such a scenario. Their corporate offices recently unveiled ambitious environmental goals as part of their ESG commitments. In response, it became imperative for each division within the company to demonstrate how these targets would be met. This involved identifying ESG-related projects and modeling their anticipated results. Moreover, regular progress reports were required for external consolidated reporting by corporate officers. Both individual divisions and the C-suite needed to be able to review actual results and swiftly identify anomalies to pivot if necessary to meet their targets.
Discovering the Solution: Implementing EHS-Dashboard™ for Modeling & Monitoring
In working closely with our client, we quickly realized that utilizing the EHS-Dashboard™ for data modeling and monitoring was the ideal solution to this puzzle for several reasons:
- Readily Collect Data from Sources – Utilities, Waste Haulers, Chemical Inventory Systems:
- To successfully model and monitor ESG projects, the first step was identifying data sources and collecting data from them via integrations and data uploads. This included data from utilities, waste haulers, and chemical inventory systems. The EHS-Dashboard™ streamlines the process by efficiently gathering data from these diverse sources, often integrating with them directly when possible.
- Automatically Calculate Water, Energy, Waste Use and Recycling, Chemical, and GHG Emissions:
- Once data is collected, the EHS-Dashboard™ automatically calculated key metrics, such as water usage, energy consumption, waste generation, recycling rates, chemical inventory, and greenhouse gas emissions. This automation ensures accurate and up-to-date information for modeling and monitoring projects.
- Align Timelines for Projects – Anticipated vs. Actual Results Project timelines are critical for tracking progress:
- The EHS-Dashboard™ allows companies to align anticipated results with actual results in real-time. This synchronization ensures that teams can assess whether they are on track to meet their objectives.
To achieve successful implementation of data collection and metric calculation within the EHS-Dashboard™, the CAPACCIO team undertook the following actions”
- Identified Data Sources: Setting up this data tracking project in the EHS-Dashboard™ began by identifying the original sources for all data. These sources included utilities, waste haulers, and the company’s chemical inventory system. The dashboard streamlined the process of connecting these data sources.
- Identified Relevant ESG Projects: Identifying initial projects was the next crucial step. This included specifying project start and end dates, as well as anticipated results. Uploading project schedules and targets to the EHS-Dashboard™ was crucial for effective tracking.
- Configured EHS-Dashboard™ Calculations & Views to Model Anticipated Results, Track Progress, and Report Results: The EHS-Dashboard™ offers configurable calculations and views. Therefore, this customization ensured that the dashboard aligned with the specific needs of our Client’s ESG projects.
- Continual Monitoring & Reporting Progress: Establishing regular and automatic notifications for important trends and changes was integral to the monitoring process. The EHS-Dashboard™ offers real-time data that helps project teams to identify potential issues quickly.
- Making Adjustments: With real-time or near real-time data connected to sources, our Client can pivot quickly to modify projects if changes are needed to meet targets before deadlines approach. This agility is crucial for staying on course to achieve ESG objectives.
Realizing the Results:
Based on modeling in the EHS-Dashboard™, our client now has greater confidence that it will be able to meet the aggressive ESHG targets set by their Corporate Officers. By leveraging the modeling capabilities in the EHS-Dashboard™, CAPACCIO helped to enable our client to make informed decisions and adjustments regarding their ESG projects, ensuring that they remained on the right path. They have been able to adapt quickly to modify projects based on real-time or near real-time data (connected to sources), which is a key business advantage for them. They were also able to save significant time in the data collection process so that staff could focus on projects vs data management.
By having real-time actionable data available, the ESG/Sustainability team at our Client can readily support ESG/sustainability commitments and proactively adapt to changes. This ongoing adaptation ensures that the organization remains aligned with its goals, even as external factors evolve.
The EHS-Dashboard™ provided the EHS/ESG team with a robust platform to evaluate sustainability projects, monitor, and report progress, and pivot quickly to focus resources on achieving results. By directly connecting with source data, creating sustainability project timelines, and configuring automated calculations, they were able to model anticipated results of sustainability projects to predict whether ESG goals could be met. In addition, by directly connecting with source data, they are able to monitor and report progress in real-time and pivot quickly when changes are needed, and automated notifications indicate when trends are moving in the wrong direction. Using the EHS-Dashboard™ for data management, analysis, and reporting allows the team to concentrate on implementing projects to achieve results. As a result, our Client now has the utmost confidence in their progress towards meeting their ESG targets.