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DATA-DRIVEN SUSTAINABILITY
WHY SUSTAINABILITY IS A DATA MATTER
In the pursuit of sustainability and sustainable growth, understanding and mitigating environmental impacts associated with supply chains and products are paramount. Harnessing and managing environmental product footprint data, similar to other business-critical data, allows organizations to make more informed decisions regarding more sustainable sourcing, greener development and manufacturing processes, and responsible end-of-life management. Moreover, access to correct and relevant sustainability data presents opportunities for collaborations, innovation, analytics, and increased data transparency, which also creates brand loyalty and trust to meet the evolving expectations of today’s environmentally conscious consumers and investors.
We invited four different types of stakeholders (BUFAB, VBG Group, GS1 Sweden, and EPD International) to share their perspective on the opportunities and challenges of working data-driven with your climate footprint together with us on stage at Elmia Subcontractor on November 16 in Jönköping, Sweden.
Events / Webinars on Data-Driven Sustainability
DATA EXCHANGE AND DATA TRANSPARENCY
The real power of data can only be harnessed if you have access to consolidated, correct, and updated data when you need it and where you need it. Sharing accurate and relevant footprint data, whether it is cross-functional, between systems, or to external channels, in a safe and efficient way is the foundation of a data-driven sustainability strategy. Therefore, it is crucial to have a data strategy that supports your sustainability strategy.
Environmental Footprint data is often siloed in various data sources, and the vast amount of data points can easily overwhelm your organization. Nexer offers a solution to manage and govern these sustainability data like other business critical data.
”FROM PROBLEM DESCRIPTION TO SOLUTION FOCUS”
We asked Johanna Danielsson, CEO at Kairos Future, for her thoughts on Data-Driven Sustainability today.
“The climate issue has shifted from problem description to a focus on sustainable solutions. To achieve measurable progress, access to relevant and reliable data is crucial. This data also provides credible evidence for clients and consumers. No serious actor wants to risk being accused of greenwashing.”
MANAGING SUSTAINABILITY IS BECOMING A BUSINESS-CRITICAL DISCIPLINE
“Minimizing climate change is no longer a purely voluntary commitment. Market regulation is evolving into legal compliance, and for many industries, non-financial reporting at the corporate and product levels is already mandatory.”
— Sebastiaan Stiller, CEO, EPD International AB
”ORGANIZATIONS DEVELOPING SUSTAINABILITY STRATEGIES AND MAKING ‘GREEN’ CLAIMS ABOUT THEIR PRODUCTS NEED EVIDENCE”
This evidence lies in a vast amount of supporting data.
“Whether it’s for competitive, financial, or regulatory reasons, organizations face the enormous task of collecting, quality-assuring, governing, maintaining, and publishing sustainability data about their products, suppliers, and processes. This ensures complete and transparent information for stakeholders. Chief Sustainability Officers must have a robust data management strategy to support their sustainability initiatives and govern sustainability data with the same discipline as all other master data.”
— Neda Nia, CPO, Stibo Systems
NEXER FOOTPRINT DATA MANAGEMENT
Enhanced footprint data management can support the transition toward more sustainable business practices. By understanding supply chains and certain products’ real impact across different life cycle categories (such as land, water, and carbon), you can drive meaningful change.
At the forefront of Data-driven Sustainability and Product Footprint Data Management, Nexer has developed a comprehensive solution. This solution enables organizations to effectively manage and analyze any environmental footprint. Built on the world-leading MDM platform Stibo Systems STEP, it combines essential features, including data consolidation, data quality management, intuitive visualization, and data exchange capabilities.
By serving as a centralized repository, the solution integrates data from diverse sources. Organizations gain a holistic view of their products’ footprint on a collaborative platform, making it more secure and efficient to share this data with outbound channels, external parties, and systems for analytics, sales, marketing, packaging, R&D, and reporting.
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