SUSTAINABILITY to be able to handle the rapid increase in data management requirements .
“ Put simply , the amount of data required for net zero tracking can only be reliably handled by high-capacity automated systems . Companies that are serious when it comes to tracking net zero commitments should not only build the right technology stack that allows data to be collected and stored but that also makes it usable and reliable for the wider business .
“ In the volumes we ’ re talking about , companies need the ability to take an X-ray of ESG data and integrate information such as carbon emissions data , ESG rating agency data and supply chain ratings data from various sources into one platform with data governance and quality baked-in . This centralised hub of ESG data then becomes the golden source of truth .”
As regulations surrounding ESG and sustainability continue to rise , procurement functions need the ability to robustly interrogate their supply chain and have accurate supplier data readily accessible . This not only ensures that
procurementmag . com 143