Lobster data and CEMAsys unite forces, pioneering ESG reporting advancements.
By CEMAsys
CEMAsys Integrated Solutions marks a milestone with API platform launch in collaboration with German company Lobster.
In a significant step forward, CEMAsys Integrated Solutions expands its capabilities by launching a cutting-edge API platform, made possible through a strategic partnership with the market-leading German company Lobster. The new API platform allows users to
seamlessly connect and transfer live activity or spend-based data directly from the source.
Key Features of CEMAsys’ API Platform:
• State-of-the-Art Technology: The API platform boasts state-of-the-art technology, ensuring that users benefit from the latest advancements in data integration.
• Plug-and-Play Convenience: With a “plug-and-play” design, the platform is ready to accommodate various protocols, simplifying the integration process for users.
• ERP and Third-Party Compatibility: The platform facilitates easy plug-ins for
customers’ ERP systems and third-party service providers, enhancing its versatility and applicability across different business environments.
• Industry-Standard Formats: CEMAsys’ API platform is designed to cover a wide range of industry formats, ensuring that businesses across diverse sectors can leverage its
capabilities.
• Effortless Data Mapping: Users can enjoy the convenience of easy data mapping, facilitating a smooth and intuitive integration experience.
About Lobster
Lobster DATA is a trailblazing software company specializing in middleware solutions for seamless data integration. Renowned for its innovation and commitment to excellence, Lobster DATA empowers businesses with cutting-edge tools to streamline and optimize their data processes.
CEMAsys as a frontrunner in providing integrated solutions
This development positions CEMAsys as a frontrunner in providing integrated solutions, with the API platform serving as a cornerstone for businesses aiming to enhance their data connectivity and utilization. The collaboration with Lobster, a reputed German company known for its technological expertise, adds an extra layer of credibility to this milestone achievement.
Jephery Wijers, Head of Global Partner Management at Lobster
jephery.wijers@lobster-benelux.com
Are you currently looking for an intuitive system for your ESG reporting?
CDP as a roadmap for sustainability and business growth
ESG Insights
CDP as a roadmap for
sustainability and business growth
An international non-profit organization called the CDP, formerly known as the Carbon Disclosure Project, aims to encourage businesses and governments to cut their greenhouse gas emissions and safeguard natural resources. The CDP gathers and disseminates data on the environmental performance of businesses and communities all over the globe through its different initiatives, giving investors, clients, and governments the knowledge they need to make data-driven sustainability decisions.
Since its founding in 2000, the CDP has developed into one of the most reputable and significant sustainability reporting platforms worldwide. It collaborates with a wide range of organizations to gather and publish data about their environmental impacts and sustainability initiatives, including Fortune 500 companies, small and medium-sized businesses, cities, and investors. Over 90% of the world’s greenhouse gas emissions have been disclosed through the CDP to date by more than 9,600 businesses and 600 cities.
65%
of our clients scored an A
or an A-
100%
of our new clients improved their score
What are the advantages of joining the CDP for investors and businesses? There are many important benefits to consider:
Improved sustainability performance
Companies can better understand their own sustainability performance and pinpoint areas for improvement by taking part in the CDP and releasing information about their environmental impacts. They might lessen their environmental impact, conserve natural resources, and cut back on greenhouse gas emissions thanks to this. For instance, a business that is conscious of how much water it uses and the risks that could result from water scarcity may be more inclined to invest in water-saving technologies or implement more effective water management techniques.
Increased transparency and credibility
Companies may show their dedication to sustainability and raise their credibility with investors, clients, and other stakeholders by sharing information about their environmental performance through the CDP. They may be able to stand out in the market and draw in and keep investment this way. For instance, a business may be more likely to gain the support of clients and investors who are worried about climate change if it is open about its greenhouse gas emissions and attempts to reduce them.
Enhanced risk management
The CDP aids companies in identifying and evaluating the threats and chances that come with their environmental consequences. As a result, they will be able to better manage these risks and opportunities and decide on their company strategy. An investor who is aware of the risks of investing in companies with high greenhouse gas emissions may choose companies that are reducing their emissions, as opposed to a company that has not shared climate-related risks and risk management strategies. The CDP can help businesses and investors make more informed decisions about sustainability and better manage risks and opportunities by giving access to data on the environmental performance of enterprises.
Access to new opportunities
By showcasing their dedication to sustainability through the CDP, firms can take advantage of fresh chances to work with other groups and effect change. For instance, businesses could be able to take part in programs or alliances that support ethical business practices, or they might be able to get funds or other resources to help them with their sustainability efforts. Participating in the CDP can open up new investment opportunities in businesses that are pioneers in sustainability for investors.
Improved decision-making
The CDP can assist businesses and investors in making more informed decisions about sustainability by giving access to high-quality, standardized data on the environmental performance of firms and cities. Investors might, for instance, utilize the CDP’s yearly reports and scorecards to find businesses that are industry leaders in sustainability and may be worthwhile investments. The CDP’s database and resources can also be used by businesses to compare their own sustainability performance to that of their competitors and pinpoint areas for development.
Stakeholder engagement
Overall, the CDP offers a useful forum for organizations and investors to share and comprehend data regarding the environmental performance of enterprises and communities around the globe. Businesses and investors can increase their sustainability performance, improve risk management and stakeholder engagement, and get access to new development and innovation opportunities by joining the CDP and utilizing its resources and tools. Therefore, it is very advantageous for businesses and investors to join the CDP and use its tools to enhance their sustainability efforts and make better environmental and financial decisions.
Opportunities of
CDP reporting
Through its annual disclosure procedure, the CDP collects and publishes information on the environmental consequences of businesses and cities as one of the major ways to fulfill its purpose. Reports on greenhouse gas emissions, water consumption, deforestation, and other environmental impacts, as well as risks and opportunities, are requested from participating organizations. The public can then examine and compare the environmental performance of various firms thanks to the CDP’s online database, which is accessible to investors, clients, and politicians.
Additionally, the CDP releases yearly reports and scorecards that rate businesses according to their performance and disclosure, giving investors a helpful tool for assessing the sustainability of possible investments. The CDP also assists businesses in reducing their environmental impacts and establishing more sustainable business practices. This involves working with investors and legislators to push for more aggressive climate action, as well as offering organizations technical support and resources to help them set and meet ambitious carbon reduction objectives.
The value of accurate emissions reporting with the GHG Protocol
By CEMAsys
The value of accurate emissions reporting
with the GHG Protocol
The process of measuring, managing, and reporting greenhouse gas (GHG) emissions is known as carbon accounting.
The most commonly used standard for carbon accounting globally is the Greenhouse Gas Protocol, which was created by the World Resources Institute and the World Business Council for Sustainable Development. Companies may use it as a framework to account for their emissions and develop ways to decrease them.
For businesses, carbon accounting offers a wide range of positive environmental, social, and financial effects. From an environmental standpoint, it enables businesses to analyze their emission profile and find opportunities to reduce. This may involve taking steps to increase energy efficiency, transitioning to renewable energy sources, and putting into practice best practices for business operations and equipment upkeep. Companies can minimize their influence on the environment and combat climate change by cutting emissions.
From a social standpoint, measuring and reporting emissions may assist organizations in demonstrating their commitment to sustainability, which can improve their reputation and attract consumers, investors, and other stakeholders interested in supporting sustainable business practices. Organizations may also lower their total emissions and energy use, which can result in cost savings, by recognizing and managing emissions throughout the value chain.
Scope 1 emissions are direct greenhouse gas emissions from sources that the organization owns or controls, such as fuel burning in boilers or cars. Companies can develop a better understanding of their emission profile and identify opportunities to reduce emissions from their own activities by measuring and reporting scope 1 emissions.
Scope 2 emissions are indirect emissions from the generation of purchased energy. Indirect greenhouse gas emissions from the heat, steam, electricity, or cooling that an organization uses are considered Scope 2 emissions.
Scope 3 emissions are all indirect emissions (not included in scope 2) It refer to all other indirect emissions that occur outside of the organization’s owned and controlled operations but are a result of their activities. This includes upstream and downstream emissions from categories such as purchased goods and services, business travel, end-of-life treatment of sold products and more.
Economic perspective
By reducing emissions, companies can lower their energy costs and boost their bottom line.
From an economic perspective, carbon accounting can bring a range of benefits to companies. Cost savings from energy efficiency techniques are one of the main advantages. Understanding their own emission profile helps businesses adopt energy-saving strategies, effectively transition to renewable energy sources, and implement best practices for industrial processes and equipment maintenance.
Companies may get considerable economic benefit from carbon accounting by complying with existing requirements while also staying ahead of upcoming regulations. Companies can more easily maintain compliance with these policies and avoid costly fines or operational changes by measuring and reporting emissions in accordance with the GHG Protocol. Companies may also demonstrate their commitment to sustainability by monitoring and disclosing emissions, which can strengthen their credibility and draw in clients, investors, and other stakeholders who are interested in supporting sustainable business practices.
The GHG Protocol breaks down emissions into three scopes: scope 1, scope 2, and scope 3. Each scope has its own set of guidance for attributing, measuring, and reporting the relevant GHG emissions. This includes data quality measures as well as process suggestions when organizations cannot meet best practices. To better understand the GHG Protocol please see the following breakdown of the three scopes.
The role of GRI in sustainable business
By CEMAsys
The role of GRI
in sustainable business
The Global Reporting Initiative (GRI): A Comprehensive Overview
If your company recognizes the importance of transparency and accountability in business operations, you should know about the Global Reporting Initiative (GRI). The GRI is an independent international organization that helps businesses and organizations worldwide to report on their sustainability practices in a transparent and standardized manner.
This article will provide a comprehensive overview of GRI, its importance, and how it can help your organization achieve sustainability goals. It will also highlight the benefits of using GRI standards, as well as how you can get started with GRI reporting.
What is the Global Reporting Initiative (GRI)?
The Global Reporting Initiative (GRI) was established in 1997 as a non-profit organization with a mission to promote sustainability reporting. GRI has become the de facto standard for sustainability reporting, with over 10,000 organizations in more than 100 countries using its guidelines.
The GRI provides a framework for organizations to report on their economic, environmental, and social impacts. The framework includes a set of standards that provide guidance on reporting indicators and metrics that are relevant to sustainability reporting. These standards are developed through a multi-stakeholder process, which includes experts from business, civil society, labor, and academic institutions.
Why is GRI important?
Sustainability reporting has become increasingly important in recent years, as stakeholders such as investors, customers, and employees demand greater transparency from organizations. GRI standards provide a common language for sustainability reporting, enabling organizations to communicate their sustainability performance in a clear and consistent way.
By using GRI standards, organizations can identify and manage their sustainability impacts, and report on their progress towards sustainability goals. This can help organizations to build trust with stakeholders, enhance their reputation, and create value for their business.
Benefits of Using GRI Standards
There are several benefits to using GRI standards for sustainability reporting. These include:
- Standardization:
GRI standards provide a common language for sustainability reporting, enabling organizations to report on their sustainability performance in a clear and consistent way. - Credibility:GRI standards are developed through a multi-stakeholder process, which includes experts from business, civil society, labor, and academic institutions. This process ensures that GRI standards are credible and reflect a broad range of perspectives.
- Transparency:GRI standards require organizations to disclose information on their sustainability performance, which promotes transparency and accountability.
- Relevance:GRI standards provide guidance on reporting indicators and metrics that are relevant to sustainability reporting, enabling organizations to identify and manage their sustainability impacts.
- Comparability:GRI standards enable organizations to compare their sustainability performance with other organizations, which can help to identify areas for improvement and best practices.
How to Get Started with GRI Reporting
Getting started with GRI reporting is a straightforward process. The first step is to select the GRI standards that are most relevant to your organization’s sustainability impacts. GRI provides a range of standards that are organized into three categories: economic, environmental, and social.
Once you have selected the relevant standards, the next step is to collect and report on the relevant sustainability data. GRI provides guidance on how to report on the indicators and metrics in each standard, as well as how to ensure the quality of the reported data.
Finally, you will need to publish your sustainability report using the GRI Standards. This can be done in various formats, including a standalone report, an integrated report, or an online sustainability report.
An Essential Tool
The Global Reporting Initiative (GRI) is an essential tool for organizations committed to transparent and standardized sustainability reporting. The GRI provides a common language for sustainability reporting, enables organizations to communicate their sustainability performance in a clear and consistent way, and promotes transparency, credibility, relevance, and comparability. By following the straightforward process of selecting relevant standards, collecting, and reporting on relevant sustainability data, and publishing sustainability reports using GRI Standards, organizations can demonstrate their commitment to sustainability and build trust with stakeholders.
Introduction to the Science-Based Targets Initiative (SBTi)
By CEMAsys
Introduction to
the Science-Based Targets Initiative (SBTi)
The world today is facing multiple environmental and social challenges, and the corporate sector has a crucial role to play in addressing these issues. The Science Based Targets initiative (SBTi) is an organization that works towards a more sustainable future by helping companies set and achieve science-based targets. This article will provide an overview of the SBTi, its objectives, and the benefits of being a part of this initiative.
Benefits of SBTi Membership
Being a member of the SBTi provides companies with numerous benefits, including:
- Increased visibility as a leader in sustainability
- Improved reputation and credibility with customers, investors, and stakeholders
- Increased motivation to reduce emissions and drive sustainability
- Access to a network of peers, experts, and resources to support the development and implementation of science-based targets
What is the SBTi?
The SBTi is a partnership between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wildlife Fund (WWF). It was established in 2015 with the aim of driving action on climate change by helping companies set science-based targets for their emissions reductions. The SBTi provides a framework for companies to set and achieve targets that are aligned with the Paris Agreement’s goal of limiting global warming to well below 2 degrees Celsius.
Setting Science-Based Targets
The SBTi uses a rigorous and transparent methodology to determine what constitutes a science-based target. The initiative helps companies understand what level of emissions reduction is necessary to limit global warming to 1.5 degrees Celsius, and it provides guidance on how to set targets that are in line with this goal. The SBTi also provides support to companies in the form of training, technical assistance, and a network of peers who are also working towards sustainability.
FAQs on SBTi
The purpose of the SBTi is to drive action on climate change by helping companies set science-based targets for their emissions reductions.
Any company, regardless of size or industry, can join the SBTi. The target verification process is dependent on company size.
To set science-based targets, companies must first understand what level of emissions reduction is necessary to limit global warming to 2 degrees Celsius. The SBTi provides a framework for companies to set and achieve targets that are aligned with this goal.
To set science-based targets, companies must first understand what level of emissions reduction is necessary to limit global warming to 2 degrees Celsius. The SBTi provides a framework for companies to set and achieve targets that are aligned with this goal.
Start your journey
Let's set a science-based target and start the transition towards net zero.
CEMAsys consultants have a long track record of assisting companies with SBTi. They combine top expertise and deep industry knowledge to ensure your company’s success.