09/26/2022 | Press release | Distributed by Public on 09/26/2022 08:32
By Zhiwei Jiang, CEO, Insights & Data, and Ron Tolido, CTO, Insights & Data, Capgemini
Our definite favorite, currently? That's got to be Data for Net Zero -Why Data is key to bridging the gap between net zero ambition and action. Fine, we might be slightly biased, as we were both actively involved in shaping it. But this very recently published report hits all the right notes.
It uncovers the essential role of data in converting net zero ambitions into action. To begin with, data is essential to ensure that organizations are aligned with rapidly evolving regulations around climate disclosure. But more importantly, data provides the means to accelerate the journey to net zero, creating sparks of real action on emissions reduction throughout the organization. No data, no net zero, that's what it comes down to. Cynthia Cummis, director of Private Sector Climate Mitigation for the World Resources Institute, puts it quite eloquently in the report: "you don't even know if you're on a path to net zero without better data."
We second that wholeheartedly. We know you are all busy, so it may take a few days to find time to digest the full report. Just to get you started - and to whet your appetite - we have condensed the findings of the report in 7 key data points:
32 is the percentage of organizations that are already involved in data ecosystems initiatives to share emissions data. You see, the collaboration will be critical to accessing reliable data - especially pertaining to scope 3 - that lies outside the boundaries of an organization. Business ecosystems could jointly develop common methodologies for emissions measurement, helping all involved players to measure and share emissions, e.g., by providing them with carbon accounting tools, and upskilling them through scaled initiatives. Inspired? Here's everything you need to become a true data sharing master.
13 is the very modest percentage of organizations that already have established strong leadership support, backed by a clear governance structure and a data strategy. All of this is needed to develop the data management capabilities for enabling and accelerating their transition towards net zero. As with all data-powered initiatives, it is critical to first of all have top management support. But a solid mechanism should also be in place to monitor and drive progress. Also, a bold data strategy, architecture and roadmap are pivotal to successful change. Only 13% there, currently? We'll have to do much better than that.1 stands for our One More Thing. As organizations rely on data to enable and accelerate their journey to net zero, they realize they need to become full data-powered organizations. They must up their game in data management foundations (such as in renewing technology, building platforms, creating architecture) as well as in data management behaviors (such as boosting skills, empowering business users, and embedding data in all key business operations). This provides so many additional benefits, on top of moving towards the net zero targets. Becoming a data master along the way: this truly is a journey with benefits.We are sorry, the form submission failed. Please try again.
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