tools , executives gain the necessary insights to make well-informed decisions regarding emission reduction strategies and determine the specific areas and extent to which emissions can be reduced .
“ The much-quoted phrase , ‘ you cannot manage what you don ’ t measure ,’ sums up the need for digital tools well . Considering that more than 70 % of a business ’ s carbon footprint lies within its supply chain , the inability to track , manage and gain insights from live data and embed it into core business processes can cripple the bestintentioned emissions reduction efforts ,” Rothermel says .
To ensure companies can integrate digital tools into their existing sustainability management systems , they need to ensure they take a holistic view of their enterprise in their sustainability management system . This means they need to embed sustainability data into their core business processes , across key business functions , and ensure everything is connected .
“ The best way to achieve this is to base sustainability management on the enterprise resource planning backbone ,” Rothermel adds . “ Using their Enterprise Resource Planning system , supported by specific sustainability capabilities , companies connect accounting and finance to human resources , manufacturing , supply chain , services , procurement and more . This allows deep insights through predictive analytics and scenario planning so effective business decisions can be made to run more sustainably .
“ By connecting financial information and environmental information in a ‘ Green Ledger ’, for example , executives can make informed real-time decisions at the optimal place in the value chain , maximising sustainability and profitability .”
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