Collecting and managing data for sustainability reporting can be challenging. Sustainability data is scattered across many sources, and the number of reporting standards, assessments, disclosures and certifications is daunting. There are already more than 600 standards for companies, products, processes and partners, and existing standards are subject to change.
Sustainability Data Cards are a configurable solution that gives you the flexibility to adjust your sustainability requirements quickly and enable you to respond to new requirements efficiently.
By applying master data discipline to sustainability data, you can create a sustainability profile for your business in order to meet your compliance and reporting requirements. The Sustainability Data Card is a framework within Stibo Systems Multidomain Master Data Management (MDM) that pulls together your master data and your assessment criteria into one view.
The data card allows you to see exactly how a particular product is performing against certain standards. Your product data and the sustainability requirements you are measured against are linked in the data card to provide you with a single view of managed sustainability data without overloading your core product information with dozens of additional attributes. Learn more in this solution sheet.
The Sustainability Data Card comprises three views in one screen:
1. General information (e.g., on your product, supplier etc.) derived from your MDM.
2. A list of the assessments the product is measured against, including the product's completeness status.
3. Additional master data references that are relevant for sustainability assessment, e.g., location, packaging and material.
Multidomain Master Data Management is designed to consolidate and unify data about products, suppliers, locations, assets and customers. This means, out of the box, it offers data governance capabilities that can help you achieve sustainability goals:
Data governance principles facilitate the necessary collaboration between data and sustainability teams.
In this process, all the data governance capabilities of MDM can apply, including data quality, workflow, approvals, renewal reminders, sufficiency criteria, stewardship and audit trail.
Continue to manage your company assets in their respective applications just as you are used to. Use the Sustainability Data Cards to record specific sustainability data of those assets and link the information.
The separation of product information and sustainability data ensures performance and simplicity of data management. It also enables collaboration between product owners and sustainability data specialists, without impacting business-as-usual.
Configuring Sustainability Data Cards on top of the Multidomain MDM platform with its robust data management and governance capabilities underpins the solution and efficiently facilitates compliance.
The Sustainability Data Card enables you to define assessments and the associated compliance criteria and then record the compliance information related to products, suppliers and locations needed to complete sustainability reports – without reconfiguring or recoding your product information management (PIM).
In fact, you can use this framework to manage any kind of regulatory compliance, not just sustainability.
A large ecosystem of third-party data providers exists to help you enrich and validate your sustainability data. Stibo Systems' open integration framework enables you to connect with and leverage a range of agencies, data pools and business partners.