In the face of escalating climate challenges, the pursuit of net zero emissions has become a global imperative. However, the stark reality is that our collective efforts to reduce carbon footprints and mitigate climate impact are lagging far behind the targets set by international accords.

• Almost two-thirds (63%) of companies still do not have full net zero targets
• Only 18% of companies with targets are on track to reach their net zero targets in time, and 50% are off-track and actually still growing emissions

This gap between ambition and action underscores the urgent need for enhanced strategies and tools to accelerate progress toward sustainability goals.

Your Role

The journey to net zero is fraught with complexities, requiring a multifaceted approach that encompasses not only a shift towards renewable energy sources but also significant improvements in operational efficiencies, product innovations, and, crucially, the adoption of transparent and rigorous environmental, social, and governance (ESG) practices. It’s clear that to bridge the gap between current trajectories and the ambitious targets necessary to avert climate catastrophe, businesses must play a pivotal role.

An ESG Strategy is Not Enough

Embedding ESG principles into the core of business strategies is no longer a choice but a necessity for survival and long-term success. The benefits of a well-executed ESG strategy extend beyond environmental impact, offering a pathway to enhanced reputational strength, improved financial performance, and deeper trust with stakeholders including investors, customers, and employees. Yet, the challenge for many organisations lies in transitioning from ESG ambition to tangible action and measurable progress.

This is where the importance of sophisticated ESG reporting and tracking tools becomes evident. Such tools are indispensable for companies committed to making real strides in their sustainability journey. They provide the means to accurately measure, manage, and report on sustainability initiatives, offering insights that can drive strategic decisions and operational improvements. In essence, these tools are the linchpin for transparently demonstrating commitment and progress towards achieving net zero.

How Codestone Can Help in Achieving Your ESG Targets

Codestone offers advanced solutions designed to empower organisations in their pursuit of sustainability. Learn more about our SAP Sustainability Solutions and CCH® Tagetik ESG & Sustainability Performance Management.

Our ESG reporting tools are not merely a means to comply with regulatory demands; they are strategic assets which facilitate the identification of efficiency gains, uncover opportunities for innovation, and enhance stakeholder communication. By enabling companies to track their sustainability performance comprehensively, we help them not only to align with but to exceed global expectations for environmental stewardship.

As we navigate the urgent and complex path to net zero, the role of technology in enabling and accelerating this transition cannot be overstated. With the right tools and strategies, businesses have the potential to turn the tide, moving from incremental progress to transformational change. The time to act is now; the tools and commitment to reach net zero more swiftly are within our grasp, and Codestone is at the forefront of this essential shift, providing solutions that propel organisations towards a sustainable, low-carbon future.

Get in touch today for the perfect ESG solution for your business. Our planet will thank you.