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Sara Olin
Feb 12, 2022
In Concept Notes Workspace
Organizations are becoming more aware of the importance of participating in sustainable practices. They may have a basic understanding for how their products and projects impact the environment and society; and they may even report those numbers to non-profits like the Carbon Disclosure Project. Unfortunately, the data collection process is often managed in multiple internal and external systems, including excel spreadsheets. These systems do not talk to each other, leading to significant manual effort and data inconsistency. This leads to important data being estimated. Companies can’t reduce their impact based on estimations. The solution is a comprehensive, web-based, software platform where environmental, social, and governance metrics can be measured and evaluated. The system will measure against the newest standards from S&P, MSCI, and GRESB. The software will highlight areas where further development and alternative measures can and should be implemented. There are currently many platforms in existence that support collecting ESG related data; however, the majority focus on only one aspect – environmental emissions. They fail to collect information related to the social and governance criteria. They also fail to collect data focused on the full lifecycle of a project; instead, simply looking at only the data required for reporting. Our solution will seek to collect all ESG data related to a project and map both the near-term and long-term impacts to create a full picture.
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Sara Olin

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