Watershed > Case Studies > Kroll's ESG Enhancement with Watershed's IoT Solutions

Kroll's ESG Enhancement with Watershed's IoT Solutions

Technology Category

Cybersecurity & Privacy - Identity & Authentication Management

Applicable Industries

Buildings
Cement

Use Cases

Building Automation & Control
Time Sensitive Networking

About The Customer

Kroll is a leading independent provider of risk and financial advisory solutions. Founded in 1932, the company has grown to employ 6,500 people across 85 offices in 35 countries. Kroll leverages unique insights, data, and technology to help clients stay ahead of complex demands. The company is focused on identifying risks in businesses and providing solutions to mitigate them. As part of its commitment to sustainability, Kroll is building a climate program and is keen on improving its environmental, social, and governance (ESG) credentials.

The Challenge

Kroll, a leading provider of risk and financial advisory solutions, was facing challenges in managing its environmental, social, and governance (ESG) credentials. The company was using a spreadsheet-based approach for its climate program, which was proving to be cumbersome and inefficient. The spreadsheet method was not sophisticated or secure enough to support the carbon footprint measurement of a growing, global organization like Kroll. Additionally, the company was struggling with ESG reporting, which was time-consuming and felt like a full-time job. Keeping up with the ever-changing regulatory landscape was essential for Kroll to remain compliant and avoid risk, but it was also a time-intensive task. The company needed a more efficient and effective solution to support its ESG initiatives.

The Solution

Kroll turned to Watershed, a software solution, to overcome its challenges. The company implemented Watershed to calculate its 2022 carbon footprint, which proved to be an efficient and effective process. Watershed provided a roadmap for Kroll to understand where it could find the necessary data points for its footprint and reach out to the correct stakeholders. The software also served as a single source of truth, allowing colleagues to ensure that the right data was being submitted. Moreover, Watershed's SaaS platform allowed Kroll to have all of its historical and current data in a single source for simplified analysis and planning. For ESG reporting, Kroll used Watershed's Guided CDP report builder. This tool helped the company prepare a complete draft to present to its internal stakeholders efficiently, saving time and effort.

Operational Impact

The implementation of Watershed's software solutions has brought significant operational benefits to Kroll. The company now has a data-rich foundation to build a strong sustainability posture. The software has simplified the data collection process, making it easy for Kroll to identify and find the right data to import. It has also improved collaboration, with colleagues able to ensure that the right data is being submitted. Furthermore, the use of Watershed's Guided CDP report builder has eased the reporting process, allowing Kroll to focus more on developing and executing strategies. The company is now better positioned to align on climate targets, prioritize emissions reduction work, improve response times on customer RFPs, and build pride and purpose among its employee base.

Quantitative Benefit

Kroll was able to efficiently calculate its 2022 carbon footprint using Watershed.
The company was able to prepare a complete draft of its CDP report efficiently using Watershed's Guided CDP report builder.
Watershed's software allowed Kroll to have all of its historical and current data in a single source, simplifying analysis and planning.