Climatiq, Zycus Partner to Simplify Scope 3 Tracking
Key Takeaway
- Gain a clearer picture of your environmental impact with Climatiq and Lythouse.
- Collect, analyse, and report ESG data with the integrated platform.
- Make data-driven decisions to minimise your supply chain footprint.
- Achieve environmental goals quicker through simplified emission tracking.
Leading provider of carbon intelligence solutions Climatiq and well-known supplier of Cognitive Procurement solutions Zycus have partnered to include Climatiq Data into Zycus's newly released ESG platform, Lythouse.
Businesses now find it much easier to gather, evaluate, and report environmental, social, and governance (ESG) data.
Lythouse streamlines the entire ESG data lifecycle, integrating with Zycus's existing systems and offering compatibility with any third-party business application. This comprehensive solution empowers global enterprises to gain accurate insights into all 15 categories of Scope 3 emissions, a crucial aspect of ESG measurement.
Climatiq's Extensive Database: A Global Advantage
Users of Lythouse can now benefit from Climatiq's extensive library of emission factors that have been scientifically verified. This database provides exclusive worldwide coverage for important sectors like energy and transportation that have substantial Scope 3 emissions. Companies can make data-driven procurement decisions by obtaining accurate insights into the environmental impact of the products and services they have purchased.
Major Advancement in Sustainable Procurement
With this partnership, sustainable buying practices will advance significantly. With Lythouse, users can now easily measure their emissions, making sure they comply with changing legislation and proactively improving their ESG policies. It is now simpler than ever to resolve the difficulties associated with Scope 3 emission tracking.
"Our collaboration with Climatiq marks a pivotal moment in enhancing the Lythouse platform's capabilities in ESG reporting and scope 3 calculations," stated Manish Kumar, Assistant Vice President of Product Management at Lythouse. "With Climatiq's integration, offering over 70,000 emissions factors meticulously linked to our system, we now boast an unparalleled global span in crucial industries like energy and transportation, alongside precise scope 3 emissions insights for purchased goods and services. This partnership fundamentally transforms our clients' ability to effortlessly calculate and report their emissions, significantly propelling them towards achieving their environmental objectives more swiftly.
In addition to standard emission factors, the database will also incorporate Life Cycle Assessment (LCA) and Carbon Border Adjustment Mechanism (CBAM) factors, addressing challenges clients have faced in accessing and utilizing these specific metrics.”
The database includes Life Cycle Assessment (LCA) and Carbon Border Adjustment Mechanism (CBAM) components in addition to standard emission calculations. This addresses a major challenge faced by businesses seeking to access and use these specific metrics in their ESG reporting.
Hessam Lavi, Co-founder and CEO at Climatiq, says, "Partnering with Lythouse allows us to bring our robust database to a wider audience, enabling organizations to easily understand their carbon impact and advance their sustainability initiatives more rapidly through informed purchasing decisions."
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Source: Climatiq
