With Environ Energy, a leader in energy sustainability services, acquiring Scope 5, a big step in accelerating the platform’s contribution to creating a more sustainable future is taken. A pioneer in providing a cloud based ESG and Sustainability platform, Scope 5 has provided customers with a strong data foundation to achieve their sustainability goals over the past decade.
As industry leaders have been establishing climate risk management systems to adapt to a changing climate, a key best practice has been that organizations need to invest in technology. An essential step of any risk management practice is measurement, verification and performance management. Sustainability Data Management tools help to remove the complexity of data collection and provide greater quality in calculating Scope 1, Scope 2 and Scope 3 emissions. Reporting on these and other quantitative impacts is a core part of leading sustainability disclosure frameworks, including CDP, GRI, the TCFD and the International Sustainability Standards Board (ISSB)’s first two proposed harmonized standards—one on climate-related disclosures and one on general sustainability-related disclosures. To meet growing investor and customer needs for comparable and consistent data, organizations are increasingly applying technology to effectively manage and produce trusted sustainability data.
As companies advance their sustainability efforts and begin to make more data informed choices using a tool like Scope 5, they refine their strategies and efforts to reduce carbon emissions. In joining with Environ, Scope 5 is now part of a larger organization that brings together a financial best practices approach to energy management, such as energy procurement, sourcing sustainable energy solutions, (carbon offsets, renewable energy certificates) and implementing energy efficiency projects. Additional services include developing Climate Action Plans, carbon reduction strategies and corporate sustainability training.
Scope 5 combined with Environ, will have a bigger impact on creating a more sustainable future. If your organization is interested in learning more about strategies and capabilities necessary to make the shift to being more climate resilient and sustainable, our team would love to talk.