ESG NXT

Overview
Solution Modules
ESG NXT’s 6-Step Approach to ESG Reporting
Videos
Resources

Global corporations have set ambitious net-zero targets and sustainability goals in line with the Paris Agreement. The Net Zero Tracker reports that half of the world’s largest 2000 publicly listed companies have committed to net zero in 2023. They are now looking for solutions to accurately report carbon emissions and Environmental, Social, and Governance (ESG) data, devise emission reduction strategies, aid their renewable transition, and effectively manage their green investments. This is especially important as more and more countries are mandating the disclosure of climate-related financial information. However, companies are facing the following issues while accounting for greenhouse gasses and reporting ESG initiatives:

Tedious processes for data collection from different stakeholders
Significant effort spent in manually calculating ESG Key Performance Indicators (KPIs)
High lead time of manual report generation with a risk of errors and re-work
Absence of a solution for tracking progress against set goals
Time-consuming process to adhere to the audit requirements

Managing the complex data collection process for reporting ESG metrics can be a difficult task. This is where ESG NXT, our comprehensive ESG management solution, helps you to identify material topics and then collect, assimilate, integrate, and validate data from across your value chain. It then transforms this data to deliver powerful insights and analytics to help you to report and accelerate your sustainability journey.

Solution Modules

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Emissions

Intelligent carbon accounting at organizational and product-level, air emission analysis, and reports with a built-in emissions calculator aligned to global reporting frameworks.

Water and Effluents

Enables holistic reporting on water quality, withdrawal, and wastewater as per regulatory mandates, tracking crucial KPIs and monitoring conservation efforts.

Waste

Allows reporting on waste by tracking generation and disposal processes, promoting circularity, and safe handling practices across the value chain.

Energy

Monitors energy KPIs, including energy sources, fuel analytics, renewables, and emissions, and tracks energy efficiency initiatives.

Materials

Helps organizations perfect product design and encourage circularity by tracking material KPIs such as type, weight/volume, recycled percentage, and more.

Biodiversity

Identifies significant impacts of business processes on biodiversity and manages an inventory of initiatives for protecting and restoring habitats.

Social

Tracks social parameters, ensuring employee well-being and health, product safety and quality, diversity, inclusion, and best labor practices. ESG NXT helps effectively track these parameters to evaluate your company’s social impact and responsibility.

Governance

Tracks governance parameters, like governance structure, remuneration policies, details on the highest governance body, board diversity, and more. It enhances governance structure throughout the value chain, involving employees, vendors, and partnerships.

ESG Goals and Net Zero Journey

The ‘initiatives tracking’ feature enables the monitoring and achievement of ESG goals through efficiency improvement, identifying emission hotspots, predictive analysis, carbon offset, and carbon credits mechanisms, while the resolute technology team creates tailor-made solutions.

Multi-standard ESG Compliance reporting

Eases the materiality assessment journey and aligns KPIs to global frameworks such as Global Reporting Initiative (GRI), EU Corporate Sustainability Reporting Directive (CSRD), and Business Responsibility and Sustainability Reporting (BRSR) to ensure effective adherence of monitoring and reporting requirements.

ESG NXT’s 6-Step Approach to ESG Reporting:

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Define

Define the boundary of data collection and reporting; identify data collection sources across emissions, waste, water, energy, social, governance, and other ESG KPIs. Integrate Operational Technology (OT) solutions (like meters and sensors) and IT systems (workforce solutions, third-party products) for real-time data streaming.

Collect

Ensure holistic data capture across the value chain to create an exhaustive inventory. Upload necessary proofs and documentation against uploaded data to create an audit trail.

Validate

Validate data through workflow management processes like data lock, maker-checker data validation, and user hierarchy definition. Identify gaps for data completeness and consistency.

Compute

Compute ESG data points, including emissions across Scope 1, 2, and 3, aligning with country-specific requirements such as local emission factors/unit conversions, etc.

Generate

Convert data to provide insightful dashboards and trend analytics for ESG KPIs aligned to global reporting frameworks. ESG NXT also supports organizations transitioning to net zero by tracking against ESG goals, studying reduction and efficiency initiatives, and monitoring emission credits and carbon offset progress.

Benchmark

Use advanced data analytics for internal and external ESG benchmarking and sentiment analysis. Support ESG objectives to achieve ESG and net zero goals through benchmarking.

Videos

Driving Sustainable Solutions - LTIMindtree’s ESG Consulting Services and Digital Offerings

Driving Sustainability: LTIMindtree’s ESG Solutions Powered by ServiceNow and the NxT Platform

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Resources

Contact Us

To know how you can accelerate your sustainability journey, download our brochure (link) or contact us at (email) for a free demo.