CSRware is currently highlighted in recent reports released by top analysts looking at the Sustainability and Energy Management software space.
Sustainable Business Solutions
Gartner research provides insights into emerging sustainable business systems and related software solutions.
Overhauling the Economic System: The Context for Sustainability as a Corporate Priority
A precocious correlation has existed between energy demand and economic growth for more than a century, so it’s no surprise economic transformations on this scale are infrequent and linked to shifts in the predominant “energy source of the day.” Although the energy transformations from wood and animal fuels to coal, and then coal to a petroleum-dominated system, were remarkable in their respective impacts, the low-carbon transformation is different for the following reasons:
- It involves the internalization of the environmental costs and consequences of energy use. Yes, the tragedy of the commons is finally being put to the regulatory sword, at least when it comes to energy and emissions. Sure, there have been previous “environmental internalizations,” such as regulations relating to sulfate and chlorofluorocarbon (CFC) emissions, but regulating direct and indirect greenhouse gas (GHG) emissions is closely connected to core activities and operational costs for many sectors. In fact, it’s a cost-on-core business for many.
- The current transformation isn’t simply about a switch to renewable, low-carbon energy sources. It’s about decoupling the link between economic growth and energy. This new world demands closed-loop thinking, new levels of resource and energy efficiency and a chain of operational custody and visibility that spans throughout full product and service life cycles.
- This is the first major energy-economic transformation to occur during the information age. This is a highly important factor because sustainability introduces new classes of assets, liabilities, responsibilities, risks and an associated system of records. Measurement, management, mitigation and reporting company performance, in relation to the new sustainability-related challenges, must be supported by information systems and services.
- There are specific risk and regulatory implications. In a world where, in some geographies, criminal and civil penalties already exist for misreporting emissions, the Securities and Exchange Commission (SEC) encourages increased levels of climatic disclosure in public disclosures and stakeholders across the business and investor landscape now demand sustainable performance as a new set of organizational key performance indicators (KPIs), sustainability-related information management must be considered a critical, enterprisewide activity.
For more information on this report and how CSRware fits into the overall assessment, please contact Gartner for a full view of the report.
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