From Reporting to Strategic Sustainability Management

Preparing, analyzing, and transparently providing all relevant data related to Environment, Social, and Governance (ESG) is essential to fulfill the legal obligations for sustainability reporting. However, efficient, tool-based data management offers companies much more. As a new whitepaper by Lufthansa Industry Solutions shows, it also helps them to sustainably secure their own competitiveness through strategic sustainability management.

Norderstedt, July 18, 2023 – Numerous laws and regulations at both the national and European levels require companies in Germany to prioritize sustainability. Corporations as well as medium-sized businesses must document and disclose sustainable practices in their annual reports in the areas of Environment, Social, and Governance (ESG). "To achieve this goal, the consolidation of relevant data is essential," says Thomas Nock, Business Director Logistics at Lufthansa Industry Solutions (LHIND).

Data provides impulses for new sustainable business models

To transparently showcase the sustainable orientation of their business model, companies require appropriate key performance indicators (KPIs). These key metrics are generated from various data sources:

• master data is stored in the ERP system,
• consumption data can be exported from an energy management software,
• and machine and process data need to be extracted through interfaces.

Thomas Nock states, "Data acquisition is the key challenge of the entire sustainability reporting process. All business units must be involved to consolidate the relevant data sources." In a recent whitepaper, ESG and data experts from LHIND describe how companies can meet their legal reporting obligations through efficient sustainability management and generate insights and impulses for new products and business models.

Please download the whitepaper "More than just Reporting: Utilizing ESG Data for Strategic Sustainability Management" free of charge.

"Data acquisition is the key challenge of the entire sustainability reporting process."

Thomas Nock
Business Director Logistics at Lufthansa Industry Solutions

Since the processing, analysis, and provision of data cannot be managed manually, companies require the support of an appropriate tool. The cloud-based solution EPACTO (ESG Performance Accounting Tool)developed by LHIND specializes in sustainability data. The tool can import data from various sources and systems, calculate carbon dioxide emissions within the company, and also demonstrate the current sustainability performance and a developmental path. LHIND Director Nock says, "A strategic, data-driven sustainability management helps companies find the right answers to the demands of the government, consumers, and business partners. By using meaningful KPIs, they can see not only how sustainably they operate but also how they compare to their competitors in terms of sustainability topics.