Sustainability Analytics: Gaining a 3D view of your value chain
How the past, present and future insights can help build a more resilient enterprise
Many companies have established analytics capabilities to assess and guide their sustainability programs and initiatives. They are collecting and evaluating data on factors such as energy and resource use, emissions, employee travel and supply chain efficiency, and then using the resulting insights to guide sustainability-related initiatives and reporting.
Business leaders recognize the importance of sustainability awareness, analysis and action. So much so, in fact, that they are expecting more — much more — from these efforts. Having seen the contribution that sustainability can make to reducing costs, as well as its positive impact on corporate image and stakeholder relations, they are eager to further unlock the potential of such initiatives.
Several key factors are compelling businesses to increase their focus even more on sustainability requirements, risks and opportunities. In addressing these issues, companies need to use predictive analytics to build on historical and current sustainability data and develop a three-dimensional view that considers future sustainability risks as well. In doing so, they can be better equipped to address today’s requirements wisely and efficiently, and more resilient when future challenges inevitably arise.
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