Chain.io released a comprehensive report on the current state of carbon emissions reporting. The research indicates that many organizations do not have a systemic strategy for emissions reporting.
For their report, Chain.io conducted surveys and interviews with shippers, logistics service providers, and supply chain teams, focusing on the challenges they face in gathering and reporting carbon emissions data. As part of its report, the company offers some best practices for reporting compliance and data management.
“The primary challenge we observed is moving beyond regulatory requirements to how organizations approach emissions reporting at a fundamental level,” shared Brian Glick, Chain.io’s CEO.
The research uncovered three approaches to emissions reporting along with the challenges they’re facing:
- The “pull” method: a dedicated ESG function extracting data from various departments. This group’s challenges are typically understaffing and limited authority.
- The “push” method: logistics teams are directly responsible for calculating and reporting emissions. This group deals with focused organizational silos and has low confidence in the accuracy of their numbers.
- The “chaos” method: companies have no clear strategy for emissions reporting. Their challenges are duplicated efforts and lack of coordination.
Chain.io will focus on the role of technology in streamlining your reporting, providing insights, an in-depth review of global CO2 regulations, and detailed best practices for compliance in their report.
You can download Chain.io’s eBook CO2 Data & Reporting Best Practices here.
