Business sustainability ratings and solutions provider EcoVadis announced the launch of Carbon Data Network, a new data exchange aimed at enabling companies to access reliable primary carbon data from their suppliers.
According to EcoVadis, the new data exchange comes as companies require more robust GHG emissions reduction strategies to meet their net zero commitments, and as they face increasing regulatory pressure to report accurate primary carbon data across supply chains, yet they face challenges from imprecise and inconsistent data.
The Carbon Data Network will allow companies to more easily and efficiently track their Scope 3 indirect emissions, and make better decisions to reduce their carbon footprint, EcoVadis said.
The new network contains emissions data from more than 150,000 organizations, and is powered by EcoVadis’ Carbon Action Manager (CAM) Scope 3 supply chain engagement solution, and provides companies with access to a series of tools and resources to build their carbon capabilities and accelerate decarbonization.
Pierre-François Thaler, cofounder and co-CEO of EcoVadis, said:
“The journey to Net Zero demands bold action, collaboration and trust in data. This is why we are innovating to increase data availability and reliability through automation and AI. With the network that we’ve built we are now able to generate insights on carbon reliability at a datapoint level.”
EcoVadis said that it has also developed partnerships with carbon accounting providers Sweep and Normative to enhance interoperability, collaboration and accelerate data sharing across supply chains. These partnerships will reduce reporting burdens by bringing primary supplier data directly to where Scope 3 calculations are performed, the company added.
Julia Salant, General Manager, Carbon Solution at EcoVadis, said:
“Our goal is to empower companies with insights and make it easier for them to access primary supplier data exactly where they conduct their Scope 3 calculations. By expanding our ecosystem with partners like Sweep and Normative, we’re helping businesses to move from industry averages to primary emissions data and seamlessly bring it into their reporting and decarbonization efforts.”
