Data can help progress on environmental sustainability and governance (ESG) with the “ultimate goal” of becoming “climate positive” – instead of damaging the environment – as one luxury fashion house is finding.
Data management partner Ortecha has deployed data lineage software from Solidatus to help fashion companies map their environmental impact and automate ESG reporting.
Daniel Bedford, lead consultant at Ortecha, said the company now has a “dynamic blueprint” for getting snapshots of environmental impact reporting on demand.
“To date, Ortecha has brought 68% of these data points into its automation processes with the remaining 32% scheduled for analysis and future automation,” Bedford said.
“Such stats demonstrate how this significantly reduces the risks of missing a target and the associated reputational damage.”
Previously, difficult-to-analyse Excel spreadsheets were the fashion company’s main way of collating information about people, processes and systems.
Using Solidatus’ multidimensional data mapping functionality, Ortecha was able to show the company the hidden connections in the data used for their climate report and the key data points that could be fed into an automated process.
Results included the ability to produce, publish, interpret and act on climate reporting more often, helping the company meet its ESG targets. Additionally, a road map could be drawn up for ongoing improvements.
Repeating the analysis for the company’s other reporting challenges presents further opportunities for optimising the business value of data, including in consolidation and automation, according to Solidatus.
“With so many standards, disclosures and rating methods, alongside the new data sources required to meet them, how do you understand how data requirements intersect whilst maintaining high-level control?” the company said.
Read the full Solidatus data lineage case study here.
( Image by anncapictures from Pixabay )
