Sustainability has the Power to
Reduce Costs ⬇️
Increase Profitability and Productivity ⬆️
Sustainability
has the Power to
Reduce Costs ⬇️
Increase Profitability and Productivity ⬆️
Be Compliant With New Laws & Regulations
According to a McKinsey study, having a sustainability strategy allows a company to make long-term investments.
When it comes to sustainability, a do-nothing approach means missed opportunities and future losses.
Why Become Sustainable NOW
Sustainability Attracts Talent and Business
Millennials are the largest generation of the population. A survey by Nielsen shows that millennials are twice as likely as baby boomers to say they are changing habits to reduce environmental impact.
Generation Z is soon to become the next dominant generation and is equally concerned, and in many cases more concerned, about sustainability than millennials. This shows that corporate brands can increase their values tremendously by focusing on sustainability, and many of the world’s leading brands are doing just that.
Apple has committed to becoming 100% carbon neutral for its products and supply chain by 2030. Companies that embed sustainability into their business models and corporate governance can have a lasting competitive advantage.
Nielsen studies show that 66% of consumers would spend more for a product if it came from a sustainable brand, and 81% of global consumers feel strongly that companies should help improve the environment.
There is a changing trend among consumers toward supporting sustainability, and it is only getting stronger as the number of millennials and generation Z increases. Though sustainability is also about social and economic aspects, environmental concerns lead the thinking.
Reduce Costs
According to McKinsey, a sustainability strategy can reduce costs substantially and can affect operating profits by as much as 60%. It also lowers energy and water consumption. Building sustainability into business units can increase an organization’s chance of profiting from its sustainability activities. It is also good to be transparent about sustainability activities.
When Puma published data on the water used and carbon emitted through its supply chain, it helped identify ways to reduce water, energy and fuel consumption by 60%. Being sustainable can also improve relations with the government and the local community. It can get the company tax incentives and subsidies.
Improved Business Performance
A strong sustainability proposition can help companies tap into new markets and expand into existing ones.
According to UN Special Envoy on Climate Finance Mark Carney, who, until recently, was the Governor of the Bank of England, a new and sustainable financial system is slowly being built that will provide funding for the initiatives and innovations of the private sector, which in turn has the potential to amplify the effectiveness of the climate policies of governments. This includes the growing effort to include climate risks in decision making, such as the TFCD.
Major pensions funds and investments firms, who acknowledge that their portfolios are now more aligned with a 3.5°C future, are now starting to move at scale by working with the asset managers and companies in their portfolios to decarbonize and align with net zero targets.
Corporations that focus on sustainability will be in the best position to get valuable new business opportunities.
Stay Ahead of the Curve: Seize the Opportunities
Countries recognized the need for specific climate financing in the Paris Agreement which calls for “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. ”
In addition to reducing emissions, making infrastructure more resilient avoids costly repairs and minimizes the wide-ranging consequences of natural disasters on the livelihoods and well-being of people, particularly the most vulnerable, as well as on businesses and economies. And a shift to low-carbon, resilient economies could create over 65 million net new jobs globally out to 2030.
Efforts under the Paris Agreement are guided by its aim of making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. Assessing progress in provision and mobilization of support is also part of the global stock take under the Agreement. The Paris Agreement also places emphasis on the transparency and enhanced predictability of financial support.
The Agreement itself calls for implementation that reflects “equity and the principle of common but differentiated responsibilities and respective capabilities, in the light of different national circumstances.”
Responding to the climate crisis requires collective action from all countries, cities, financial actors, businesses, and private citizens. Among these concerted efforts, developed countries committed to jointly mobilize US$100 billion per year by 2020, from a variety of sources, to address the pressing mitigation and adaptation needs of developing countries.
Be Compliant with New Regulations
European Commission – reduce greenhouse gas emissions from energy and transport by at least 55% by 2030. The European Commission made clear that the application date of the Regulatory Technical Standards (RTS) for the Sustainable Finance Disclosure Regulation (SFDR) about disclosure requirements would apply on 1st January 2023.
The Global Commission on Adaptation, for instance, estimated that investing US$1.8 trillion from 2020 to 2030 could generate US$7.1 trillion in total net benefits in five areas – early warning systems, climate-resilient infrastructure, improved dryland agriculture crop production, global mangrove protection and more resilient water resources.
To ensure decisive steps toward decarbonization and unlocking investments in adaptation and resilience, multilateral development banks (MDBs) and development finance institutions (DFIs) need to take urgent measures to, besides setting climate finance targets, align their whole portfolios with the Paris Agreement and disclose their climate risk.
The Sustainable Finance Disclosure Regulation (SFDR) is a European regulation introduced to improve transparency in the market for sustainable investment products, to prevent greenwashing and to increase transparency around sustainability claims made by financial market participants.
It imposes comprehensive sustainability disclosure requirements covering a broad range of environmental, social & governance (ESG) metrics at both entity- and product-level. The main provisions of the SFDR have been applicable as of 10 March 2021, with a statutory instrument known as a Delegated Act containing more precise disclosure standards yet to be adopted by the European Commission. The SFDR is a fundamental pillar of the EU Sustainable Finance agenda, having been introduced by the European Commission as a core part of its 2018 Sustainable Finance Action Plan, which also include the Taxonomy Regulation and the Low Carbon Benchmarks Regulation.
How to Become Sustainable?
Corporate sustainability has captured the attention of much of the world over the last few years. Trends suggest that the public is no longer satisfied with corporations that focus solely on short-term profit maximization.
A recent study that compares companies that adopted environmental and social policies with companies that didn’t, authored by two of the authors of this article and another colleague, provides empirical support for this view. “High sustainability” companies significantly outperformed their counterparts over an 18-year period in terms of both stock market and accounting criteria, such as return on assets and return on equity. They also exhibited lower performance volatility.
Currently, organizations that exhibit a broad-based commitment to sustainability on the basis of their original corporate DNA are few and far between. For most companies, becoming sustainable involves a conscious and continuing effort to build long-term value for shareholders by contributing to a sustainable society.
Sustainability can boost profitability in many ways. The benefits include improved efficiency, a positive reputation and future-proofing against regulation. Take time to review your practices regularly and find the best ways to implement change
Where Do I Start?
You must keep under control two main aspects:
SDG and Greenhouse Gas (GHG) Emissions
“If you can not measure it, you cannot improve it.” – Lord Kelvin
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity.
The 17 SDGs are integrated—they recognize that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability.
Countries have committed to prioritize progress for those who’re furthest behind. The SDGs are designed to end poverty, hunger, AIDS, and discrimination against women and girls.
The creativity, knowhow, technology and financial resources from all of society is necessary to achieve the SDGs in every context.
Carbon accounting or greenhouse gas accounting refers to processes used to measure how much carbon dioxide equivalents an organization emits. It is used by states, corporations, and individuals to create the carbon credit commodity traded on carbon markets (or to establish the demand for carbon credits).
GHG Protocol supplies the world’s most widely used greenhouse gas accounting standards.
This standard is designed to provide a framework for businesses, governments, and other entities to measure and report their greenhouse gas emissions in ways that support their missions and goals.
Our Solution: impactALL
The Sustainability Analytics & Management Solution based on
SDG and Greenhouse Gas (GHG) Emissions
impactALL IS the Sustainability Analytics & Management Solution based on GHG protocol
that helps Sustainability Managers, Festival Producers, Event Planners, Sustainability Consultants and Event Consultants to track and measure their Carbon Emissions accurately
unlike other simple Sustainability and Carbon Accounting tools
our Business Intelligence system is tailored
for the entertainment industry,
supports sustainability experts in managing events
such as Smart Cities,
streamline and decentralize data collection
therefore leads to data-driven sustainability decisions
impactALL – Keep Expenses under control
Automate the gathering of sustainability data through IoT sensors, API integrations, and AI-driven mobile apps. This includes metrics related to water, energy, heat, waste, and vehicle use.
Streamline your sustainability practices by automating data collection from suppliers, setting customizable reminders, and tailoring the platform to your organization’s unique needs.
Access real-time insights on key sustainability KPIs through intuitive dashboards. Track resource usage, circular economy metrics, carbon footprint, financial impacts, and social equality.
Receive specific recommendations to reduce your carbon emissions, set sustainability targets, and stay focused on achieving net-zero emissions.
Generate reports that are compliant with upcoming legislation and international standards, ensuring that you’re always ahead of regulatory requirements.
Use the platform to transparently communicate your sustainability achievements and involve various stakeholders like suppliers, sponsors, artists, employees, and attendees in your sustainability journey.
Access a global network of climate projects to compensate for your carbon footprint or contribute to carbon credit projects.
Leverage your sustainability achievements to improve your brand image, attract more stakeholders, and gain a competitive advantage.
By optimizing resource use and reducing carbon emissions, you can also expect to see a positive impact on your bottom line.
Stay ahead of the curve by adapting to future sustainability trends and regulations, making your organization more resilient in the long term.
By choosing impactALL, you’re investing in a comprehensive solution that not only simplifies the complexities of sustainability management but also provides a strategic pathway to a more sustainable and profitable future.
Why impactALL ?
impactALL offers a variety of methods to collect sustainability data, from IoT sensors to AI-driven mobile apps, ensuring accurate and real-time data collection.
The platform automates tedious manual processes like data collection from suppliers, allowing organizations to focus more on strategic sustainability initiatives.
With intuitive dashboards, impactALL provides real-time insights into key sustainability metrics, helping organizations make informed decisions quickly.
Beyond just data collection and reporting, impactALL provides actionable recommendations to reduce emissions and achieve net-zero targets, making sustainability goals more attainable.
The platform generates reports that are compliant with international standards and regulations, helping organizations stay ahead of legal requirements.
impactALL is designed to involve everyone in the sustainability journey, from suppliers and employees to attendees and sponsors, creating a collective effort towards sustainability.
Tailored for the entertainment, events, and hospitality sectors, impactALL understands the unique challenges and opportunities in these industries.
Access to a broad network of climate projects allows organizations to compensate for their carbon footprint effectively.
The platform enables transparent communication of sustainability achievements, enhancing brand image and stakeholder trust.
With features designed to adapt to future sustainability trends and regulations, impactALL is a long-term investment for any organization committed to sustainability.
Choosing impactALL means investing in a comprehensive, future-proof solution that not only simplifies sustainability management but also turns it into a strategic advantage.
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Why Circular Unity
Circular Unity LDA is a company that focuses on providing smart technology solutions for sustainability management. Their main product, impactALL, is designed to help organizations in the entertainment, events, and hospitality sectors manage, collect, and communicate sustainability data. The platform leverages IoT sensors, API integrations, and OCR technology to automate manual data collection and streamline the sustainability reporting process.
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Some of the Events using impactALL
What Our Customers Say About Us
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