t cht lk
HOW CARBON ACCOUNTING HELPS CIOS ACHIEVE ESG TARGETS
Kristian Rönn , CEO and Co-founder , Normative , discusses how businesses can achieve ESG compliance with AI tools and create centralised data to help track Scope 3 emissions and plug the data gap .
As the global regulatory landscape around sustainability tightens , particularly with the introduction of the Corporate Sustainability Reporting Directive ( CSRD ), businesses are increasingly held accountable for the carbon emissions they emit . This regulation will require a wider range of companies to meticulously track and report on how they impact the environment and society , particularly their carbon footprint , in unprecedented detail .
CIOs must enhance their capabilities to ensure they have the right knowledge and tools to gather accurate carbon data .
consumers who are increasingly prioritising transparency and sustainability .
Many large companies are already mandated to report their carbon emissions under the new CSRD legislation , and the rules will be rolled out to more businesses between 2024 and 2029 . As part of this shift , CIOs will play an instrumental role in ensuring their organisations not only comply with the stringent regulatory demands but also meet the growing expectations of investors and
CIOs must enhance their capabilities to ensure they have the right knowledge and tools to gather accurate carbon data , especially when it comes to quantifying Scope 3 emissions – those emissions that occur along a company ’ s entire value chain .
These value chain emissions can be very complex and time-consuming for businesses to report on
www . intelligentcio . com INTELLIGENTCIO EUROPE 69