Capgemini launched a new report today which highlights the increasing role data can play in enabling the transition to net zero for Canadian organizations across different sectors.
Capgemini Research Institute surveyed senior executives from 900 organizations globally and across different industries, in addition to interviewing 20 industry executives and experts. For an organization to be net-zero, they must reduce emissions of greenhouse gases (GHG) such as carbon dioxide, methane or nitrous oxide to near zero and extract residual emissions from the atmosphere within a specific period.
In Canada, the study has shown that organizations are increasingly recognizing the need to set net-zero targets to meet global net-zero goals by 2050. Capgemini highlights how leveraging the full scope of emissions data can be a significant resource in accelerating an organization’s journey to net-zero.
As Canadian organizations continue to implement net-zero strategies in an effort to combat climate change and meet global net-zero emissions targets, many have overlooked the key role emissions data can play in meeting both sustainability and business goals. Despite 78 per cent of Canadian organizations recognizing the added business value of emissions data, they lack the expertise and resources to capitalize on the full scope of data to inform business decisions.
Among its key findings on Canadian organizations, the report shows:
- Across business departments (such as procurement, product development, operations and manufacturing, logistics and supply chain, sales and marketing, risk and CSR and IT):
- Less than half of internal teams are using emissions data to drive improvements in existing business processes
- Less than 25 per cent of internal teams are using emissions data to forecast and predict new business outcomes
- 72 per cent of Canadian organizations use carbon key performance indicators (KPIs) to evaluate the performance of their business teams
- More than 50 per cent of Canadian organizations haven’t equipped their internal teams with the necessary skills needed to apply emissions data to decision-making (for example, equipping them to use carbon management tools)
- Only 36 per cent of Canadian organizations are using emissions data for business decision making (such as beyond mandatory compliance and reporting)
To access the full report, click here.