Sustainability, now a vital aspect of corporate decision-making, needs to evolve into a primary objective for all organizations rather than being just a reporting requirement. Consequently, integrating data management principles into sustainability data becomes the imperative next phase.
JANUARY 22, 2024
Author
James Soos
Managing Partner, Services, Planckton Data
Sustainability data management is no longer about regulatory reporting. It’s now an integral part of the data fabric that drives corporate decisions and actions, changing the entire landscape of how business is executed. Companies are now navigating the next frontier in the global economy in a world that has sustainability emphasized on almost every product or service delivered. Regulatory reporting has traditionally been viewed as a cost of doing business, introducing constraints that companies must obey if they want to operate in the energy industry. However, carbon emissions have elevated as a corporate characteristic that can impact shareholder value, operations efficiencies, risk management, and capital investment. Companies that are embracing this new frontier are becoming the pioneers of energy industry transformation.
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