Collecting and managing data for sustainability reporting can be challenging. Sustainability data is scattered across many sources, and the number of reporting standards, assessments, disclosures and certifications is daunting. There are already more than 600 standards for companies, products, processes and partners, and they will continue to evolve.
This fragmented data ecosystem makes it difficult to collect, manage and report sustainability information efficiently and accurately, hindering companies' ability to meet regulatory requirements and stakeholder expectations.
Stibo Systems Sustainability Data Cloud combines Sustainability Data Cards with Stibo Systems Platform’s master data management (MDM) capabilities to create a comprehensive solution for managing and evaluating sustainability data across products, suppliers and materials.
This configurable framework combines your company’s master data with sustainability data in a single view, allowing companies to efficiently assess performance against various standards and compliance requirements while maintaining the flexibility to adapt to evolving sustainability regulations.
By applying master data discipline to sustainability data, you can create a sustainability profile for your business to meet your compliance and reporting requirements. The Sustainability Data Card is a framework within Stibo Systems Platform that pulls together your master data and your sustainability assessment into one view.
The data card allows you to see exactly how a particular product or factory, for instance, is performing against certain standards. Your master data and the sustainability requirements you are measured against are linked in the data card to provide you with a single view of managed sustainability data without overloading your core information with dozens of additional attributes.
MANAGE SUSTAINABILITY DATAThe Sustainability Data Card comprises three views in one screen:
1. General information (e.g., on your product, supplier etc.) derived from your MDM.
2. A list of the assessments the product is measured against, including the product's completeness status for assessment criteria.
3. Additional master data references that are relevant for sustainability assessment (e.g., location, packaging and material).
Stibo Systems Platform is designed to consolidate and unify data about products, suppliers, locations, assets and customers. It offers data governance capabilities that can help you achieve sustainability goals:
Data governance principles facilitate the necessary collaboration between business and sustainability teams.
In this process, all the data governance capabilities of MDM can apply, including data quality, workflow, approvals, renewal reminders, sufficiency criteria, stewardship and audit trail.
Continue to manage your company assets in their respective applications just as you are used to managing them. Use the Sustainability Data Cards to record specific sustainability data of those assets and link the information.
The separation of product information and sustainability data ensures performance and simplicity of data management. It also enables collaboration between product owners and sustainability data specialists, without impacting business-as-usual functions.
Configuring Sustainability Data Cards on top of Stibo Systems Platform with its robust data management and governance capabilities underpins the solution and efficiently facilitates compliance.
The Sustainability Data Model enables you to define assessments and the associated compliance criteria and then record, on the Data Card, the compliance information related to products, suppliers and locations needed to complete sustainability reports – without reconfiguring or recoding your product information management (PIM).
In fact, you can use this framework to manage any kind of regulatory compliance, not just sustainability.
A large ecosystem of third-party data providers exists to help you enrich and validate your sustainability data. Stibo Systems' open integration framework enables you to connect with and leverage a range of agencies, data pools and business partners.