New Tool Helps with Sustainability Reporting Requirements

BSI, a provider of environmental consulting, and Ecometrica, a provider of climate and sustainability metrics software solutions, have launched a new tool so organizations can comply with global sustainability reporting requirements more easily.

Connect Climate adds new functionality to the existing BSI Connect software platform by enabling organizations to capture critical data in real-time and support growing Environmental Social and Governance (ESG) reporting and greenhouse gas (GHG) management needs.

The tool is a comprehensive data-driven information and workflow platform that supports coordinated company accounting of sustainability impacts for public ESG reporting. It supports organizations of all sizes, at all stages of the ESG journey with ongoing management and improvement of their value chain.

Connect Climate can help organizations compile business activity information from their sites and suppliers to understand their value chain; meet reporting of Scope 1, 2, and 3 GHG activities; and develop carbon reduction management plans.

It is built on the BSI Connect system, a comprehensive software solution supporting over 70,000 sites and suppliers around the world. Connect Climate is powered by Ecometrica's comprehensive global emission factors database and smart calculation engine, which also powers the Ecometrica Platform. BSI Connect is also supported by a range of BSI resources and content and by BSI's team of sustainability experts, who can assist clients in developing a company's ESG reporting and GHG programs, to include accounting for all 15 categories of the more complex Scope 3 GHG emissions.

"Organizations have the opportunity to take action to address the impacts of the changing climate, including in response to expectations from shareholders, customers, consumers and regulators. This is having a knock-on effect on what they are looking to measure and report on GHGs and beyond," said Ryan Lynch, practice director for Sustainability, BSI. "Connect Climate offers the potential to enable organizations to quickly and accurately gather and report their GHG emissions. From there, our team of climate experts can use that foundation of data to develop carbon reduction plans and supplier engagement programs to help organizations evolve beyond reporting today's impacts to become leaders in the transition to a clean energy economy."

BSI and Ecometrica have developed Connect Climate to equip organizations to address the impact of their operations on the climate crisis, and in light of legislative and social requirements, for them to measure and report their impact. This includes regulations like the EU Corporate Sustainability Reporting Directive (CSRD) and the pending SEC climate risk reporting.

"The current global pressures on companies for climate and sustainability disclosures are driving the need for enhanced accuracy and transparency in sustainability impact and risk accounting and reporting. Companies need to ensure their processes and tools can deliver reliable metrics efficiently in order to comply. Ecometrica has been offering best-in-class, financial-grade sustainability and climate accounting solutions to regulated and unregulated markets for over fifteen years, with a mission to efficiently deliver the robustness and transparency necessary for organizations to report and act with confidence on their climate impacts and risks," added Vanessa Boudreau-Sannier, CEO of Ecometrica, North America.