The repercussions of climate change are a reality and industry needs to be proactive and responsible towards the environment in which it operates, as well as the surrounding communities, to ensure that their operations remain profitable, sustainable and compliant.
Not only is the broader public becoming increasingly aware of how a continued rise in global temperatures is a potential threat to their health and livelihoods; Investors now seek to understand how organizations they wish to invest in are managing their greenhouse gas (GHG) emissions and associated climate change risks. This development has made organizations even more aware of the environmental and social impacts of their operations and committed to solutions that will help mitigate these risks.
Since the release of this solution in 2018, changing market trends and feedback from global customers has resulted in several enhancements being introduced into the Carbon Footprint Management solution.
1. Emission Factor History
As emission factors are updated, the full history is stored in an easily accessible manner.
2. Recalculating Existing Monitoring Records
New emission factors can now apply retroactively to monitoring records where the CO2e has been calculated. An IsoMetrix user simply selects the month and year that the new emission factor will be applied from.
3. Catering for different units of measure
The system allows for different units to be used for the same emission sources and converting these to a standard output unit. This caters for organizations with operations in different countries where units are not uniform.
4. Intensity Ratios
This enhancement allows a system user to set up Intensity Ratio targets which are displayed against actuals on the dashboards. This new feature visually displays performance within the organization by comparing these targets and actuals to industry standards, driving informed decision making.
The IsoMetrix Carbon Footprint Management solution has been developed in collaboration with the Climate Neutral Group. Senior Carbon Adviser at CNG, Silvana Claassen, explains why the solution will be beneficial to any organization: “The inevitable move towards low carbon operations starts with the identification of sources and quantification of the associated emissions; integrating greenhouse gas accounting into your financial- and risk- accounting systems makes sense and allows for accurate estimation of your business performance; including the transition to a low carbon climate resilient organization.”
For more information or to request a demo, get in touch with the IsoMetrix team.