Benchmark Gensuite Case Studies Journey to Carbon Neutral Tracking and Allocating Renewable Energy Credits

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	Journey to Carbon Neutral Tracking and Allocating Renewable Energy Credits Benchmark Gensuite

Journey to Carbon Neutral Tracking and Allocating Renewable Energy Credits

Benchmark Gensuite

Technology Category	Analytics & Modeling - Data-as-a-Service Analytics & Modeling - Real Time Analytics
Applicable Industries	Buildings Transportation
Applicable Functions	Business Operation Quality Assurance
Use Cases	Energy Management System
Services	Data Science Services System Integration
Challenge	The organization operates as a global climate innovator, bringing efficient and sustainable climate solutions to buildings, homes, and transportation. As part of its bold commitments for ESG and sustainability improvements, the company is working to become carbon neutral by 2030, taking actions to reduce Scope 1 and Scope 2 emissions from its manufacturing operations, warehouses, distribution centers, service centers, research and design labs, offices, and service fleet. The organization recognized, however, that to reach carbon neutral, it would need to reduce its market-based Scope 2 emissions for purchased electricity and to invest in Renewable Energy Credits (RECs) for the solution. A digital solution was needed to address routine operational sustainability data collection and monitoring, consolidated tracking and allocation of RECs to individual sites, calculation of adjusted Scope 2 emissions using market-based factors and REC allocations, and data quality, transparency, and reporting for external assurance. Read More
About Customer	The customer is a global industrial manufacturing conglomerate and sustainability innovator. The company operates over 700 facilities worldwide and employs over 37,000 people. The organization is a global climate innovator, bringing efficient and sustainable climate solutions to buildings, homes, and transportation. As part of its bold commitments for ESG and sustainability improvements, the company is working to become carbon neutral by 2030. The company's suppliers amount to $12.4 billion (USD). Read More
Solution	The organization partnered with Benchmark ESG to launch a digital solution that offered collaborative development for configurable and scalable solutions, automated calculation of company sustainability metrics for emissions, resource consumption, and energy usage, expanded emissions factor library including market-based and location-based calculations, and integrated reporting with data analytics and visualizations. The Benchmark Sustainability™ platform offers a comprehensive digital solutions package to manage the company's carbon reduction strategies and create visibility on its progress towards targets. The platform allows the company to track its energy/resource footprint and analyze data to measure progress toward goals and ESG disclosure reporting. It also enables the company to track and allocate RECs and other carbon credits to reduce site emissions. The platform also helps the company to identify site-specific energy & reduction opportunities and leverage built-in calculators to estimate savings. It also allows the company to view and analyze data using interactive reports and dashboards for a customized view of its sustainability footprint. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Data-as-a-Service

Analytics & Modeling - Real Time Analytics

Applicable Industries

Buildings

Transportation

Applicable Functions

Business Operation

Quality Assurance

Use Cases

Energy Management System

Services

Data Science Services

System Integration

Challenge

The organization operates as a global climate innovator, bringing efficient and sustainable climate solutions to buildings, homes, and transportation. As part of its bold commitments for ESG and sustainability improvements, the company is working to become carbon neutral by 2030, taking actions to reduce Scope 1 and Scope 2 emissions from its manufacturing operations, warehouses, distribution centers, service centers, research and design labs, offices, and service fleet. The organization recognized, however, that to reach carbon neutral, it would need to reduce its market-based Scope 2 emissions for purchased electricity and to invest in Renewable Energy Credits (RECs) for the solution. A digital solution was needed to address routine operational sustainability data collection and monitoring, consolidated tracking and allocation of RECs to individual sites, calculation of adjusted Scope 2 emissions using market-based factors and REC allocations, and data quality, transparency, and reporting for external assurance.

About Customer

The customer is a global industrial manufacturing conglomerate and sustainability innovator. The company operates over 700 facilities worldwide and employs over 37,000 people. The organization is a global climate innovator, bringing efficient and sustainable climate solutions to buildings, homes, and transportation. As part of its bold commitments for ESG and sustainability improvements, the company is working to become carbon neutral by 2030. The company's suppliers amount to $12.4 billion (USD).

Solution

The organization partnered with Benchmark ESG to launch a digital solution that offered collaborative development for configurable and scalable solutions, automated calculation of company sustainability metrics for emissions, resource consumption, and energy usage, expanded emissions factor library including market-based and location-based calculations, and integrated reporting with data analytics and visualizations. The Benchmark Sustainability™ platform offers a comprehensive digital solutions package to manage the company's carbon reduction strategies and create visibility on its progress towards targets. The platform allows the company to track its energy/resource footprint and analyze data to measure progress toward goals and ESG disclosure reporting. It also enables the company to track and allocate RECs and other carbon credits to reduce site emissions. The platform also helps the company to identify site-specific energy & reduction opportunities and leverage built-in calculators to estimate savings. It also allows the company to view and analyze data using interactive reports and dashboards for a customized view of its sustainability footprint.

Impact #1	Established a comprehensive digital solutions package to manage carbon reduction strategies and create visibility on progress towards targets.
Impact #2	Enabled tracking of energy/resource footprint and analysis of data to measure progress toward goals and ESG disclosure reporting.
Impact #3	Facilitated tracking and allocation of RECs and other carbon credits to reduce site emissions.

Impact #1

Established a comprehensive digital solutions package to manage carbon reduction strategies and create visibility on progress towards targets.

Impact #2

Enabled tracking of energy/resource footprint and analysis of data to measure progress toward goals and ESG disclosure reporting.

Impact #3

Facilitated tracking and allocation of RECs and other carbon credits to reduce site emissions.

Benefit #1	Allocated 121 RECs, totaling 294,546 MWh of electricity.
Benefit #2	24 sites received Renewable Energy Certificates.
Benefit #3	Reduced market-based Scope 2 CO2 emissions by 136,673+ metric tons.

Benefit #1

Allocated 121 RECs, totaling 294,546 MWh of electricity.

Benefit #2

24 sites received Renewable Energy Certificates.

Benefit #3

Reduced market-based Scope 2 CO2 emissions by 136,673+ metric tons.

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Overview

Journey to Carbon Neutral Tracking and Allocating Renewable Energy Credits

Operational Impact

Quantitative Benefit