Concept 4 Partners with PALO IT to Streamline ESG Reporting for Business
- Written by Reporters
- Identifying data sources – PALO IT provided a snapshot of the current ESG maturity level, highlighting areas requiring more data, and defining KPIs in line with sustainability targets.
- Ingesting data into the repository - 800 data transformation rules across 10 countries were created to manage the data inconsistency issues. Concept 4 can now calculate Scope 1, 2 and 3 emissions covering 90% of their turnover.
- Building dashboards and automating processes - The dashboards include both automated (ERP, PLM) and manual functions, plus surveys for additional data. This multi-faceted view equipped the company to monitor metrics across 2,500 products and align its business with CSRD reporting frameworks.
- Meeting ESG transparency demands - Concept 4 can now automate their carbon accounting process, gaining visibility across carbon subcategories. They can identify carbon reduction opportunities, and transform 200+ supplier contracts to meet client demands for ESG transparency.
The issuer is solely responsible for the content of this announcement.
PALO IT
PALO IT is a global innovation software developer and consultancy dedicated to helping organizations embrace tech as a force for good. We have a team of more than 650 experts across 16 offices in design, tech development and Agile who work with clients in all regions: Europe, Asia-Pacific and the Americas, to rapidly create new business models, launch innovative products and services with positive impact at their core, and prepare leadership and culture for the future. We are proud to be B Corp-certified in Singapore, Hong Kong, Mexico, Thailand and France, and working towards certifications across all other locations. Certified B Corporations are a leaders of a worldwide movement of people using business as a force for good. We are also honoured to be a World Economic Forum New Champion since 2021, a network of high-growth companies chosen by the World Economic Forum who are applying new business models, emerging technologies and sustainable growth strategies into every arm of their organization.
Source https://www.media-outreach.com/news/hong-kong-sar/2024/08/01/314694/