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Automated Carbon Accounting and Assurance for a Fortune 500 Insurance Company
Calculating carbon emissions is a complex and time-consuming process that involves multiple stakeholders and large volumes of data from various sources. Despite the impending SEC compliance requirements that could affect all publicly traded companies, many companies are still manually collecting building data and using spreadsheets to measure and verify their data. This manual aggregation of energy cost and consumption data across a portfolio of buildings is inefficient, resource-intensive, and costly. For the Fortune 500 insurance company in question, with over 10,000 employees and dozens of buildings, preparing emissions reports for end-of-year financial statements was a year-round task fraught with challenges. The company was stuck in archaic, time-consuming processes to generate compliant sustainability reports. They required an auditable solution to centralize data, automate workflows, and eliminate the need to manually convert resource-use data into emissions data.
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