Schneider Electric, a global leader in the digital transformation of energy management and automation, has announced significant upgrades to its EcoStruxure⢠Resource Advisor, a suite of software solutions designed to empower companies in achieving efficiency, ESG goals, and renewable energy management. This move marks a strategic shift from stand-alone solutions to a fully integrated and comprehensive platform, addressing the growing complexities of corporate sustainability needs.
The upgrades come at a critical time, with increasing stakeholder demands and stringent regulations, such as the EU's Corporate Sustainability Reporting Directive (CSRD), which takes effect in 2025. Companies are increasingly investing in personnel, tools, and budgets to streamline their ESG reporting, implement sustainable initiatives, manage renewable energy projects, reduce their carbon footprints, and optimise energy procurement.
The enhanced Resource Advisor suite caters to these diverse needs by offering specialised solutions that can be used individually or collectively, depending on a company's specific sustainability goals.
Resource Advisor ESG: Enhanced for CSRD Compliance
The Resource Advisor ESG module has undergone significant enhancements to modernise how companies manage and report on their ESG performance. Key upgrades include:
Robust Indicator Framework Library: This comprehensive library of standard ESG indicators, mapped to global frameworks, ensures alignment with international standards and regulations like CSRD and other disclosures.
AI-Driven Data Hub: The integration of an AI-powered data hub enables seamless connection with business-wide data, improving data integration and accuracy.
Multi-Entity Data Management and Reporting: The ability to connect physical asset data to legal entities provides agility in meeting jurisdiction-specific reporting requirements.
Custom Visualizations and Dashboards: Bespoke visualizations and dashboards offer valuable insights, facilitating data interpretation and trend analysis on the ESG journey.
"As our clients and other global enterprises scale their sustainability capabilities, we see a growing need for precise technology and tools to meet their evolving needs," said Steve Wilhite, President, Schneider Electric Sustainability Business. "We are excited about the targeted capabilities and emphasis on interoperability within Resource Advisor. This suite can help various stakeholders, including legal, compliance, sustainability, procurement, operations, and technology teams, tackle their pressing sustainability challenges."
Resource Advisor Renewables & Carbon: Introducing Intelligent Tracking and Allocation
Resource Advisor has long been a leader in helping corporations manage traditional energy commodities such as electricity and natural gas. As the energy transition accelerates, companies are increasingly prioritising renewable energy and environmental commodities, such as carbon offsets and energy attribute certificates.
The upgraded Resource Advisor Renewables & Carbon module allows users to:
Enhance their renewable energy experience: Prioritise auditability and information sharing while leveraging automated calculations of renewable energy coverage across their entire footprint.
Identify lagging assets or sites: Quickly pinpoint assets or sites that are exceeding their goals and have surplus certificates available for reallocation or sale.
"This standard global reporting functionality will allow our clients to monitor their progress towards critical renewable energy goals, such as pledges to consume 100% renewable energy by a specific date," added Wilhite.
A Comprehensive Solution for Corporate Sustainability
"These upgrades make us an integrated partner of choice for companies who need to comply with regulations like CSRD, CA Climate Laws, and the proposed SEC regulation, or for those corporate leaders who recognise ESG performance as a crucial indicator of overall business health," said Wilhite.
"Resource Advisor sets itself apart in the market with its integrated approach, offering end-to-end functionality across ESG, sustainability, procurement, renewables & carbon, and efficiency management," said Amy Cravens, Research Manager ESG Management and Reporting Technologies, IDC.
To learn more about Resource Advisor, please visit [https://perspectives.se.com/resource-advisor/resource-advisor-brochure-2024](https://perspectives.se.com/resource-advisor/resource-advisor-brochure-2024).
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