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Independent research firm Verdantix recently identified IBM as a leader in their report, “ Green Quadrant: ESG Reporting and Data Management Software ” (July 17, 2023), which evaluated and provided a detailed assessment of solution providers and their product offerings.
As more companies set broad environmental, social and governance (ESG) goals, finding a way to track and accurately document progress is increasingly important. 2 For example, some are turning to software solutions that can more easily capture, manage and report ESG data. The smart factories that make up Industry 4.0
A 2022 CDP study found that for companies that report to CDP, emissions occurring in their supply chain represent an average of 11.4x Practical integration into software like the IBM Envizi ESG Suite can simplify the process while increasing the speed to insight. more emissions than their operational emissions.
We saw this happen between Dole and Walmart in 2022 when a particular brand of lettuce—Ocean Mist Farms brand Romaine Hearts—had to be recalled. Collaborate with supply chain partners to share sustainability and ESG metrics, leading to enhanced supplier performance and decarbonization.
The original proposed rules, issued in March 2022, aimed to ensure consistency in how publicly traded companies provided climate-related information to investors. These new rules join existing regulations in both the US and around the world requiring companies to make climate-related disclosures and provide other ESG-related metrics.
In fact, in a 2022 survey , 73% of consumers said that traceability is important to them. The IBM Supply Chain Intelligence Suite , powered by artificial intelligence (AI) and blockchain, helps compile supplier data to drive Scope 3 accuracy, improve circularity by reducing waste and inform end consumers of carbon and other ESG impacts.
India’s Business Responsibility and Sustainability Report (BRSR)—a framework for environmental, social and governance (ESG) reporting—comes into effect in 2023. As India moves to mandatory ESG reporting, the BRSR is aimed at improving compliance, consistency and communication around non-financial disclosures.
The SEC supported by ESG reporting software IBM Envizi’s existing suite of ESG reporting solutions are well placed to support SEC’s proposed rules announced in March 2022, by supporting organizations to meet stringent ESG reporting commitments within an auditable, single system of record built on the GHG Protocol.
Today, I want to share some examples that highlight IBM’s 2022 progress in the area of social impact. In 2022, we put this into practice by supporting IBMers and our external communities with comprehensive training programs. In 2022, we increased the hours of learning per employee.
In June 2023, we will publish year-end 2022 progress against our goals for GHG emissions reduction and renewable energy purchases. In 2022, we diverted 93.8% (by weight) of our total nonhazardous waste from landfill and incineration. achieved in 2022 to less than 10%. Through 2022, 96% of them have done so.
In 2022, the Inflation Reduction Act amended the Clean Air Act and introduced new fines for methane leaks starting at USD 900 per metric ton of methane emissions in 2024, rising to USD 1,500 by 2026. With APM, you can take a proactive and prescriptive approach to emissions management, leading to even greater efficiency gains and asset health.
No wonder organizations say 32% of their cloud spend was wasted in 2022. Yet that traditional approach costs both the business and the environment, and customers are watching how seriously you take commitments to ESG. But these days, every penny counts, and this wasted spend has environmental implications, too.
Coal has long been the most common fuel in industrial operations, and in 2022, the total share of fossil fuels (including natural gas and oil) in the industrial sector’s energy mix was 67%. According to the International Energy Agency (IEA), industrial energy consumption is still “dominated” by fossil fuels.
Enterprise Strategy Group (ESG) noted that almost 9 out 10 organizations have experienced an email-based cyber-attack within the last year , making it clear that attacks are both widespread and common. ESG notes that three out of four organizations do not use a data protection solution to protect data generated by cloud application workloads.
In September 2022, The White House announced plans to deploy 30 GW of floating offshore wind power by 2030. And as ESG technology evolves, tapping into the Earth’s inexhaustible supply of heat has the potential to provide limitless amounts of clean, low-cost energy for all.
Companies jumped on the Earth Day to tout their ESG progress Every year, Earth Day (which just passed) brings out a host of green-related decarbonization/sustainability announcements from companies across the business spectrum, and this year, media and tech stepped up their efforts.
In September 2022, The White House announced plans to deploy 30 GW of floating offshore wind power by 2030. And as ESG technology evolves, tapping into the Earth’s inexhaustible supply of heat has the potential to provide limitless amounts of clean, low-cost energy for all.
The extreme temperatures that hit the UK in 2022 – the heatwaves of the summer followed by cold snaps in winter – were a reminder that the climate is becoming increasingly volatile. Globally, the weather conditions were even more challenging, with droughts, famines, wildfires, flooding, and hurricanes reported worldwide.
The term ESG, or environmental, social and governance , is well-known in the investor community. But while the term ESG was first coined in 2004 by the United Nations Global Compact, the concept has been around for much longer. In 1995, the U.S That same year, the Carbon Disclosure Project (CDP) was founded.
En noviembre de 2022, en Sharm el-Sheikh, Egipto, se realizó la Conferencia de las Naciones Unidas sobre el Cambio Climático (COP27) para analizar las acciones que se están llevando a cabo a nivel mundial para reducir las emisiones de carbono y proteger el futuro del planeta. Esta cumbre se dio [.]
In 2022, solar photovoltaic generation reached nearly 1300 terawatt hours of electricity, up a record 26% from the year before. 2 Demand for solar energy is driven in part by companies seeking to transition to renewable energy sources to meet their ESG goals. Explore IBM Envizi ESG Suite [1] Direct Solar Energy. 2] Solar PV.
In 2022, worldwide employment in the energy sector rose to 13.7 Brand reputation A new wave of sustainability-focused stakeholders are putting pressure on organizations to be open about environmental, social and governance (ESG) factors. For example, in some regions, laws mandate ESG reporting rather than merely encouraging it.
ESG (environmental, social and governance) factors may not be the first thing that pops up when you search “what’s trending?” Before, it might have been enough to publish a press release saying that a company’s new ESG strategy includes moving away from fossil fuels and embracing renewable energy.
While most companies have historically published annual Environmental Social Governance (ESG) reports long after their annual financial statements, it is likely that the SEC will require companies to disclose ESG data with financial statements. It is about accountability and driving comparability for real impact.
The Corporate Sustainability Reporting Directive (CSRD) reached a provisional political agreement in June 2022, signaling it will take effect in January 2024 for all relevant companies. In mid-2022, IBM Envizi reported on the growing rise of AI-driven data scraping by ESG ratings tools used to evaluate an organization’s ESG performance.
In addition, evolving regulations on corporate environmental, social and governance (ESG) initiatives around the world are increasing demand for renewable energy in the private sector, encouraging further growth. The country was home to 95% of new solar technology manufacturing facilities in 2022.)
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