Sustainability Reporting Frameworks
With an ever growing list of sustainability reporting frameworks, its difficult to make a decision on which is the right choice for your organisation, especially once you look into scope 1 2 and 3 emissions definitions.
Which Sustainability Reporting Framework?
We have documented for you the top 10 most common sustainability reporting frameworks, each with links for more information
Sustainability Reporting Frameworks, Regulations and the Global Goals
The sustainability reporting framework you will be implementing, will depend on the regulations you are adhering to, and the goals your organisation aspires to.
Rabobank: Goals, Reporting and Regulations Pyramid
ESG Reporting Software
Once you have found the right sustainability reporting framework which is aligned to your requirements, you are challenged with how to complex task of how to gather all the required information.
In 2022 Arivu launched its ESG reporting software off the back of the UK’s FCA sustainability sandbox called the “Evidence Builder“, for building corporate sustainability reports.
Initially focused on GHG emissions and TCFD reporting, the easy to implement system tacked the data gathering problem using a workflow focused solution, which allowed for granular reporting and sharing based on complex scope 2 and scope 3 requirements.
Scope 1, 2, and 3 Emissions Definition
Scope 1: Emissions from scope 1 are direct emissions. This means that they directly come from your organization’s owned- or controlled source, such as; company vehicle emissions.
Scope 2: Emissions in scope 2 cover the indirect emissions from purchased sources, such as your organization’s consumed electricity or cooling.
Scope 3: Emissions from scope 3 include all the other indirect emissions within your entire value chain, this includes the upstream supply chain (suppliers), as well as downstream GHG emissions e.g. occurring with customers.
Sustainability Reporting Structure
Evidence Builder empowers users to create their own sustainability groundwork structure which is bespoke to them.
Scope Three Carbon Emissions
Evidence Builder allows you to send out information requests to suppliers to with reduced, targeted question sets to calculate their scope three carbon emissions.
Suppliers get the benefit that any future information requests, from other customers, can be instantly re-used, reducing the total cost of servicing scope three carbon emission requests for a sustainability reporting frameworks.
The Arivu Web3 ethos is that the supplier would own their data, and its up to them who they would share this with.
Voluntary Carbon Credits
As the carbon economy has matured, the requirement for high quality, bespoke Voluntary Carbon Credits has emerged with the growth of sustainability reporting frameworks.
The double counting of Voluntary Carbon Credits being resold to multiple companies is tacked by Arivu’s use of Web3 & Blockchain technologies through a proprietary piece of technology called CoSO.
CoSO taps into an already existing voluntary carbon offset market, and enables providers of carbon offset projects, and verra carbon credits to provide an un-temperable evidence chain from creation to sale.
ESG Greenwashing
In 2022 we saw the impact of greenwashing not only being a PR disaster, but litigation against enterprise level organisations in court.
Arivu have built an “Anti Greenwashing” system which allows for Arivu implementation partners to perform your ESG audit, and compliment this with independent 3rd party data providers, who can globally corroborate your ESG audit, for an air tight ESG report.
In July we saw the headline “Dutch airline KLM sued over ‘greenwashing’ ads”.
With the right implementation of a sustainability reporting framework, this would never have happened.
For more information, reach out to the Arivu team, and we will get back to you.
