Schneider Electric, a leader in digital transformation of energy management and automation, has introduced a new external reporting feature in its cloud-based enterpris0065 software platform EcoStruxure Resource Advisor.

The updates will enable organisations to turn sustainability disclosure into an ongoing process and better use data collected throughout the year, reducing the stress and associated expense of reporting season, said a statement from the company.

Steve Wilhite, senior vice president of energy and sustainability services, Schneider Electric, said: “Companies are under increasing pressure from customers and investors to improve transparency on environmental and sustainability performance.”

“These enhancements will allow sustainability teams to take their reporting to the next level, and free up valuable time to focus on projects and initiatives that move the needle and help meet targets,” he said.

Resource Advisor, which supports more than 4,500 clients in over 300,000 sites globally, lets organisations track and manage sustainability programmes on one centralised platform, increasing the speed and accuracy of data collection and reporting, it said.

The software currently analyses more than 400 different data streams across economic, environmental and social indicators. It is also used to expand companies’ sustainability strategies into the supply chain, it added.

The new features in Resource Advisor automate reporting end-to-end, including data validation, internal collaboration, task management and quality control.

Sustainability teams now have access to a library of templates for reporting frameworks, such as CDP, GRESB and GRI, and can map data to multiple frameworks that require similar information. The software also helps pinpoint areas for future improvements, providing continual insight into progress toward organisational commitments.

Paul Robins, head of partnerships at CDP, a leading climate research provider and disclosure platform, said: “Sustainability and profitability are linked, and reporting on environmental progress is key to strengthening that connection.”

“So for an ever-growing list of companies it’s not a question of ‘why’, but ‘how’. Tools such as Resource Advisor not only make data collection and disclosure efficient, they help uncover opportunities to refine and accelerate climate action,” he added.

Schneider Electric helps clients navigate the entire sustainability reporting process — determining the right framework to meet organisational goals, implementing productivity tools, and analysing and verifying sustainability data.

The company’s experts work across industries and geographies to turn information into actionable improvements to extract additional value, improve transparency in operations and build trust among stakeholders.

Leveraging the power of Resource Advisor, sustainability, finance and energy teams can collaborate, identify inefficiencies and drive performance using a common, clean data set, it stated. – TradeArabia News Service