Sweep’ s co-founders
HOW DOES DATA DRIVE SUSTAINABILITY PERFORMANCE FOR THESE BUSINESSES? First, you need assessments of what your data means in terms of carbon emissions. Once you start to have everything in one single place, this is when you start to analyse it.
We’ ve seen customers challenge their R & D departments saying that they need a Product Carbon Footprint( PCF) analysis, and at a much larger scale we are already seeing companies like L’ Oréal working on their R & D because they need to decrease their emissions. They’ re working on things like the rinsability of the shampoo, because the less time you’ re spending under the shower, the less energy you are consuming, so the less CO₂ L’ Oréal has to account for. The less emissions L’ Oréal has in its Scope 3, the less risk it has on regulatory fines, and the more competitive it is.
We are also seeing lots of ROI coming from our customers’ audits. When auditing extra-financial emission reductions, auditors are telling the company:“ If you were listed today, then because of how you are managing sustainability data and emissions initiatives, you would have gained 10 % on your share price.”
It means that any kind of employee who has interest in the company is living with 10 % more in terms of share price. This is concrete money in the pockets of the people who are managing the company’ s sustainability impacts.
sustainabilitymag. com 81