Daato's ESG Newsletter: March

Hello clients and friends,

We are more than happy to share this month’s recap with you, in which we bring not only all the industry and regulations updates but also the many exciting news from Daato that we posted throughout these past weeks. Our team was fully committed to bringing up-to-date information to closely assist companies toward more sustainable goals. We brought our expertise in ESG and Supply Chain Management as our team members shared their thoughts on the most important topics, as well as shared our great accomplishments.?

This month, we went #BacktoBasics on many topics around sustainable matters and compliance, sharing important guidelines to provide effective steps your team can take for better results and reports. Moreover, on Fridays, we shared strategic features from Daato’s software to show you that ESG reporting and Supply Chain Sustainability Management can be comprehensive and hands-on. Stay tuned to understand how simple, fast, and effective we make this happen for you, with our #FeatureFridays.?

Happy reading!?

Keep up with Daato

International Women’s Day

In March, we were thrilled to celebrate International Women’s Day! At Daato, we are pleased to have great women by our side, sharing their expertise with us toward a better future. There is no sustainable world without them making decisions, supporting, and developing solutions together.?

Gender parity is at the heart of Daato’s work, as well stated by our Sustainability Manager, Joanne Houston - check the full statement here.

Business Insider introduces Daato as a holistic solution

We are proud to have been a part of this month’s Business Insider content, as a holistic ESG solution provider. We assist organizations to manage and report their ESG data, Supply Chain, and Carbon emissions, with a personalized approach as we adapt to your business needs. You may check the full Business Insider piece here.?

As our CEO Satya Kamal Raparthi well stated for Business Insider, our mission is to accelerate the enterprise ESG transformation, as we help you go beyond regulatory compliance - check the full statement here.?

Innovation Breakfast Q&A with PWC

Last week, our team attended the #InnovationBreakfast with 普华永道 to discuss innovation and sustainability, as well as had our COO, Thilo Hitz , participate in a Q&A session with the audience. You may check how that went here.?

We are more than happy to be a part of open conversations such as this one where we can contribute to businesses that are adding great efforts to be more transparent, responsible, and sustainable.?

Daato and Catena X join forces

We are thrilled with this new partnership!?

Daato is now a part of the Catena-X !?

Catena-X is a novel open data system for the automotive industry that fosters collaboration and connects international players to form comprehensive value chains. As our CRO Sunny Chowdhury emphasized, our visions are strongly aligned and we are proud to bring our supply chain sustainability, decarbonization, and ESG reporting expertise to the table - check the full statement and get to know better Catena-X here.

Updates in the industry

Sustainability report: a clear definition to put into practice

If you have questions on how to start implementing Sustainability reporting within your company, you might want to take a look at what ESG data means in practice, how to collect it, and most importantly how you can take actions based on your company’s performance.

Capitalize on the data you collected for legislative reasons to monitor and address the issues identified. At Daato, we provide your team with a platform that takes care of that process for you so that you can keep up with your goals and receive appropriate recommendations regarding your ESG metrics.

Check the full information on Sustainability reporting, here.

What it means to be aligned with the GHG Protocol

GHG Protocol stands for the Greenhouse Gas Protocol and it represents a global standard for the emission measurements within your company. It guarantees that companies are looking out for their GHG emissions and taking action to reduce them. Here, you may take a further look into who exactly uses this and how we can help you manage your company’s emissions towards a more responsible supply chain.

Carbon footprint: all you need to know

A Carbon Footprint is the amount of greenhouse gases emitted into the atmosphere by a company, taking into account all the processes involved in its operations. This month, we released an in-depth piece on Carbon Footprint with everything you need to know to manage, measure and reduce it. You may check the full article here.?

Throughout the article, we share how to offset carbon emissions, what are the best ways to calculate them, and alternatives you have to reduce your company’s footprint. Our COO, Thilo Hitz , shared his thoughts on the matter as a “must-have for thousands of companies” - check the full statement here.

Scopes 1, 2, and 3 carbon emissions

Speaking of Carbon Footprint, we couldn’t let this definition pass. The Scopes 1, 2, and 3 emissions are the sources of your company’s greenhouse gas emissions. Each scope represents a type of source that emits a specific amount of it according to your supply chain management. Therefore, to manage and reduce your company’s emissions, it is important to acknowledge its source.?

You may check all the information on Scopes 1, 2, and 3 here.

EU Parliament to require all Member States to reduce emissions by 2030

Big news for all Member States of the European Union: The EU Parliament has revised and adopted the Effort Sharing Regulation, which requires a greenhouse gas emissions reduction target of 40% compared to 2005. There’s everything you need to know here.?

CSRD and ESRS

As you may already know, CSRD is the directive that requires companies to report on the ESRS.

We shared a complete guideline with everything you need to know here, where you may also check the next steps we recommend your company take if subject to its compliance.

With that in mind, we also provided an ESRS do’s and dont’s practical guide for you to share with your team members. You may check our recommendations on part 1 here - stay tuned for part 2!

We are excited for the months to come!?

Let us know if you have any questions or feedback, and reach out for any topics you wish we can share more information about! As always, we are happy to keep you posted!

Feel free to take a further look at Daato’s software and request a Demo here!