Why is it important to be transparent

Transparent emission data helps companies take responsibility for their impact on the environment and promotes sustainable practices. It builds accountability and credibility as stakeholders can assess the environmental performance accurately.

Transparency also creates a level playing field by encouraging companies to improve their environmental practices and make sustainability a core component of their business strategy. Overall, showing transparent emission data is crucial for fostering sustainability practices, accountability, credibility, and promoting fair competition among companies.

Our technology

By gathering and analyzing live energy data, including production and consumption, we have developed a renewable index that enables you to track and promote sustainable values throughout your entire organization. Our real-time energy consumption and production-based CSR reports provide valuable insights for more informed decision-making.

Leveraging the data we collect, we also develop APIs that can be integrated with battery storage and other IoT devices to ensure that they operate only when you have a surplus of renewable energy or when the grid’s percentage of renewables meets a pre-defined threshold. This approach guarantees maximum renewable energy utilization across all business locations.

We also provide a unique marketing opportunity for your business, showcasing your sustainable journey towards a greener future to your customers, partners, and other stakeholders.

Frequently Asked Questions

Most frequent questions and answers

Does Offsetting work?

While offsetting can be a useful tool for reducing greenhouse gas emissions, it is important to recognize that it is not a silver bullet solution. There are several factors that can limit the effectiveness of offsetting as a climate mitigation strategy:

  1. Additionality: For offsetting to be effective, the emissions reductions achieved through the offsetting project must be additional, meaning that they would not have happened without the offset funding. If the emissions reductions would have occurred anyway, then the offset is not actually reducing emissions.

  2. Permanence: The emissions reductions achieved through the offsetting project must be permanent. If the emissions reductions are only temporary, then the offset is not actually reducing emissions in the long run.

  3. Leakage: Offset projects must avoid ”leakage,” which is when the emissions reductions achieved in one area simply shift emissions to another area.

  4. Double-counting: To be effective, offsetting must avoid double-counting, which is when the same emission reduction is counted by both the company that funded the offset project and the company that received the emissions reduction.

Given these limitations, offsetting should not be seen as a replacement for reducing emissions at the source. Instead, offsetting can be used as a complementary strategy to reduce emissions, but it should be part of a broader approach that includes efforts to reduce emissions through more efficient operations, renewable energy, and other measures.

 

What is CSRD

The Corporate Sustainability Reporting Directive (CSRD) is a proposal by the European Commission to revise and expand the existing EU Non-Financial Reporting Directive (NFRD) and establish a harmonized EU-wide sustainability reporting standard for companies. The proposed directive aims to increase the level of transparency and disclosure regarding companies’ environmental, social, and governance (ESG) performance by requiring them to report on a broader range of sustainability indicators than the NFRD.

The CSRD would require large EU-listed companies, as well as companies with over 250 employees, to report on a range of sustainability factors such as greenhouse gas emissions, energy use, water use, biodiversity, and human rights. The proposal also introduces mandatory sustainability reporting for companies in the financial sector and includes specific reporting requirements for companies operating in sensitive sectors, such as oil and gas, mining, and forestry.

The CSRD proposal aims to address the current lack of comparability and consistency in sustainability reporting, which can make it difficult for investors and stakeholders to assess the sustainability performance of companies. The directive would establish a common set of reporting standards and requirements for all EU companies, increasing the transparency and reliability of sustainability reporting.

The CSRD is currently a proposal and must pass through the EU legislative process before becoming law. If adopted, the directive would come into effect gradually, with some provisions being implemented as early as 2023 and full compliance required by 2028.

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