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Case Study

Integrating Net Zero Analysis in a Company’s Reporting System

Integrating Net Zero Analysis in a Company’s Reporting System

Data is obviously a critical asset for businesses looking to uncover important developments that can help improve organizational performance, support growth strategies, and create a competitive edge. Coverage and reliability remain important factors, but easy access to insightful visualizations has also become essential for many companies to evaluate large quantities of information to aid decision making.

This top chemical company leveraged the latest available technologies to create an internal data management and reporting system that leveraged visualization capabilities to provide deep insights about the business. To capitalize on these advanced capabilities, the head of sustainability wanted to have his team’s environmental assessments for net zero available on the upgraded system. First, he needed to take the analysis of the company’s carbon footprint, and those of its major suppliers and customers, to a new level.

Pain Points

Given the increased focus on moving to a net zero environment, the head of sustainability wanted to establish a more credible carbon footprint for the company and its value chain as a starting point. This information could then be included in the new data management system, providing easy access to the assessments to support the company’s broader business strategy. Enhancing and delivering the analysis would require having access to:

  • Extensive environmental data to determine the company's carbon footprint and those of its suppliers and customers.
  • A way to score the company's ESG activities to use in outreach campaigns with stakeholders.
  • An efficient data delivery system to have this information included in the on-site data warehouse.
  • The ability to easily link/relate the data to other supplier, customer, and company-specific information to round out the story.

The firm was a long-standing client of S&P Global Market Intelligence ("Market Intelligence") and met to learn more about the firm’s relevant capabilities that could support this initiative.

The head of sustainability was charged with developing a net zero strategy and wanted associated data and analysis to be included in the new corporate data management system that was developed to more dynamically assess markets peers, suppliers, and customers.

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The Solution

Market Intelligence discussed a wide range of data and analytics that would enable the sustainability team to:

Assess carbon footprints to support the net zero strategy

S&P Global Trucost Environmental Data measures environmental impact across key dimensions for over 22,000 companies.1 Metrics are standardized and presented through a financial lens using proprietary modelling. The data includes: Greenhouse gas (GHG) emissions for Scope 1, Scope 2, and Scope 3; natural resource use; land, water, and air pollutants; water use and intensity; waste disposal and intensity; revenue generated from each sector of a company's operations; and, fossil fuel reserves, power generation capacity, and associated carbon for approximately 1,200 companies.

Have an ESG score to share with stakeholders

S&P Global ESG Scores is an environmental, social and governance data set that provides company-level, dimension-level, and criteria-level scores based on the S&P Global Corporate Sustainability Assessment (CSA) process, which is an annual evaluation of companies' sustainability practices.

Deliver data to the in-house system

XpressfeedTM automates the download and management of Market Intelligence data and enables delivery as needed in a ready-to-query relational database.

Easily manage internal-external data integration

Cross Reference Services enables the linking of over 63 million instruments to a range of identifiers, such as ISINs and CUSIPs, 28 million entities to the S&P Capital IQ Company ID, and industry sectors to GICS and other industry classifications schemes.2

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Key Benefits

The Market Intelligence offering met the needs of the members of the sustainability team, and they subscribed to all the recommended components. They saw great value in having:

  • Trusted environmental data and methodologies to create a carbon footprint for the company, suppliers, and customers to establish a baseline and discuss strategies for improvement.
  • A well-recognized ESG Score to help substantiate the company’s efforts to move to a net zero environment.
  • Improved workflows with easy integration of internal and external data using a powerful data feed solution and cross-referencing capabilities to map data among a wide range of data sets.

We’re here to help you accelerate your sustainability journey. Get connected with an ESG specialist who can advise you on your next steps.

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1Data as of September 2021.
2ISIN=International Securities Identification Number; GICS=Global Industry Classification Standard. Data as of September 2020.