// PREDICTIVE INTELLIGENCE //
HOW BUSINESSES CAN USE TECHNOLOGY TO ACHIEVE SUSTAINABILITY TARGETS
Satish Thiagarajan, Founder of UK IT consulting firm, Brysa, delves into the growing role of technology in carbon accounting.
RACKING AND REDUCING
T carbon footprint is arguably one of the toughest challenges staring at companies today. With the EU’ s Corporate Sustainability Reporting Directive( CSRD) and Carbon Reporting Regulations breathing down their necks, business owners no longer have the luxury of time to offset their emissions and reach the desired sustainability levels.
Manual techniques for carbon accounting will not work in an era where time is money because they can be labour intensive, so it is important to embrace digital tools that can automate everything related to sustainability management, reducing the burden on companies.
The role of technology in carbon accounting
Technology is proving to be an ally for enterprises looking to streamline carbon accounting. Thanks to the capabilities of modern platforms, companies no longer have to worry about accuracy of emission data or spend a fortune on data collection and analysis, while measuring and trying to mitigate their environmental impact.
For starters, many carbon accounting platforms can automatically collect data from various sources such as energy consumption, supply chains, etc. This ensures accurate calculations of Scope one, two and three emissions, using technologies such as Internet of Things( IoT) and Artificial Intelligence( AI). IoT sensors, for instance, monitor energy usage and emissions levels while transmitting real-time data to AI-driven platforms. They can even consider the environmental impact of transmitting the data. AI platforms then analyse patterns and recommend strategies to reduce carbon emissions. Ultimately, your sustainability efforts are fully optimised.
Then there are technologies powered by Blockchain that ensure the integrity and transparency of data, for example, across a supply chain. This is achieved by creating an immutable ledger of emissions data, preventing data manipulation and creating verifiable records for regulatory compliance.
Cloud-based carbon accounting platforms offer great scalability for businesses that are growing quickly. Such platforms allow even small- and mid-sized businesses to track and report emissions without help, in a very cost-effective way and can enable real-time access to sustainability data. This helps decision-makers
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ULTIMATELY, YOUR SUSTAINABILITY EFFORTS ARE FULLY OPTIMISED.
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