8 Ways Remote Metering Supports ESG Reporting
In today’s business world, Environmental, Social, and Governance (ESG) reports are increasingly important for demonstrating a commitment to sustainability. For organizations striving to reduce their environmental impact, accurately tracking resource consumption is essential for understanding and optimizing their activities. Technologies like remote metering systems enable precise data collection, improving efficiency and transparency while facilitating ESG reporting. In this article, we explore how remote metering and consumption monitoring support key areas of ESG reporting.
ENERGY AND WATER MANAGEMENT
- Total energy consumption (ESRS E1-5, E2-5):
Remote metering systems can provide a detailed overview of energy consumption from various sources, including electricity, natural gas, and renewable energy, as well as precise reporting on the volume of water used from municipal, underground, and surface sources. This data forms the foundation for creating accurate and reliable ESG reports. - Energy consumption intensity (ESRS E1-6, E2-6):
While tracking total energy consumption is important, understanding energy consumption intensity per unit of product or other metrics offers deeper insights into resource efficiency and helps identify opportunities for improvement. By installing control metering points within production lines, specific processes or buildings, you can accurately determine how energy and water are consumed across different parts of your business. - Use of renewable energy sources and water recycling (ESRS E1-7, E2-7):
Remote metering enables precise tracking of the amount and percentage of energy sourced from renewables, such as photovoltaic plants, as well as the volume of recycled water used. - Greenhouse gas emissions and water discharge (ESRS E1-9, E2-8):
Greenhouse gas emissions and wastewater discharge are key components of ESG reporting. Remote metering systems and associated data management applications enable the automatic calculation of emissions from direct (Scope 1) and indirect sources (Scope 2) and allow tracking of water discharge quality and volume. Accurate data enables organizations to set realistic emission reduction goals, monitor progress, and contribute to environmental conservation. - Energy efficiency and water conservation measures (ESRS E1-8, E2-9):
Monitoring and reporting on initiatives aimed at improving energy efficiency and reducing water consumption allow organizations to showcase their progress toward sustainability. A monitoring and control application provides a tool for measuring the impact of these measures on overall energy and water consumption, ensuring continuous optimization of energy performance and responsible water resource management. - Energy and environmental management systems (ESRS E1-4):
Management systems such as ISO 50001 and ISO 14001 can significantly enhance an organization’s energy efficiency. Integrating remote metering systems with ISO 50001 software simplifies the implementation and operation of energy and water management systems by automating energy review, planning, measurement, and consumption monitoring according to standard requirements. - Environmental goals and progress tracking (ESRD 3.1):
Remote metering and energy data management applications facilitate tracking and reporting on goals related to reducing energy and water consumption. Inputting goals and comparing them with actual consumption allows organizations to monitor progress, report on achieved savings, and evaluate the effectiveness of sustainability measures. - Cost savings from efficiency measures (ESRD 3.4):
Remote metering enables cost analysis of energy and water consumption through application functionalities. This feature allows for inputting energy prices, helping determine consumption costs and quantify financial savings following the implementation of energy efficiency measures.
Remote metering systems support a wide range of ESRS points by enabling precise and timely collection of accurate and relevant data, monitoring energy and water consumption, assessing the effectiveness of implemented measures, and tracking progress toward sustainability goals. This is crucial for accurate ESG reporting and regulatory compliance.