Best Available Sustainability Data Into Information & Action

Challenges with Sustainability data

In today's data-driven world, raw data alone often falls short in providing actionable insights. Transforming this data into meaningful information and decision support is invaluable, particularly when navigating the sophisticated connections between economic activities and nature.

Until recently, data was commonly perceived as being numerical and structured. However, in the realm of sustainability, data frequently appears unstructured and not necessarily numerical. Thus, we focus on capturing, aggregating, and analyzing unstructured, qualitative data. This shift demands innovative approaches and tools, such as advanced computing and machine learning.

The relationships between economic activities, involved stakeholders, value value chain partners, nature & climate are multifaceted and complex. This makes it essential to distill vast amounts of various kinds of data into clear, actionable information. This not only aids in informed decision-making but also empowers businesses to understand and address their environmental impact effectively.

From business activity code to Double Materiality Assessment

Sustainability data for automated Double Materiality Assessment

process overview

1.

The minimum amount of input is your business activity codes based on which a shortlist of impacts and dependencies is provided based on the trusted data

2.

The impacts and dependencies are then translated in to business risks that may negatively affect the financial performance of your company.

3.

Based on the IROs detected in previous steps a machine learning model is used to map these with ESRS topics to shortlist the most relevant ones

4.

Each ESRS topic is then analyzed from impact materiality perspective and financial materiality perspective in order to plot the Double Materiality graph

5.

You will then engage your stakeholders and into the process in order to make the result as company specific as it can possibly get.

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Partnering with the best sustainability data providers

Below is a list of reputable organizations committed to our planet's sustainability. We utilize their data and study their research to elevate & simplify Your sustainability assessment and reporting processes.

Global Canopy is a data-driven not for profit organization that targets the market forces destroying nature. The main areas of their work include: Nature Related Finance, Supply, Chain Transparency, Corporate Performance, and actively participating at COP 27 & 15.

The Science Based Targets Network brings together experts from more than 60 NGOs, business associations and consultancies to collectively define what is necessary to do “enough” to stay within Earth’s limits and protect the global commons – our air, water, land, biodiversity and ocean.

World Wildlife Federation works to sustain the natural world for the benefit of people and wildlife, collaborating with partners from local to global levels in nearly 100 countries. It's mission is to conserve nature and reduce the most pressing threats to the diversity of life on Earth.

The United Nations Environment Programme World Conservation Monitorin Centre is a global centre of excellence on biodiversity and nature’s contribution to the economy tackling the global crisis facing nature and support the transition to a sustainable future for people and the planet.

The System of Environmental-Economic Accounting is a framework that integrates economic and environmental data to provide a more comprehensive view of the interrelationships between the economy and the environment and the stocks and changes in stocks of environmental assets.

The United Nations Environment Programme Finance Initiative is a partnership between the United Nations Environment Program and the global financial sector to catalyse action across the financial system to align economies with sustainable development

ENCORE Partners (Global Canopy, UNEP FI, and UNEP-WCMC) (2023). ENCORE: Exploring Natural Capital Opportunities, Risks and Exposure. On-line, 08/23, Cambridge, UK: the ENCORE Partners. Available at: https://encorenature.org/en/legal

The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) is an independent intergovernmental body established by States to strengthen the science-policy interface for biodiversity and ecosystem services for the conservation and sustainable use of biodiversity, long-term human well-being and sustainable development.

The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity.

The Partnership for Biodiversity Accounting Financials provides financial institutions with practical guidance on biodiversity impact and dependency assessments and define what is needed in order for these assessments to deliver the right information.

Capital describes any resource or asset that stores or provides value to people. Natural capital, social capital and human capital work in much the same way as traditional capital – if we invest in them they create value, and if we degrade them we limit their value.

The EU taxonomy for sustainable activities is a classification system established to clarify which investments are environmentally sustainable, in the context of the European Green Deal. The aim of the taxonomy is to prevent greenwashing and to help investors make greener choices.

As some of the used data has been published under the CC BY-SA 4.0, we are publishing the derived info under the same license.

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