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Monitoring for ESG Certification
Using IoT to monitor energy and water use for B Corp recertification
BACKGROUND
Recent global events have increased the pressure on companies to measure and disclose their performance across a wide range of financial and environmental impact measures. Manual, error-prone data collection methods are no longer suitable, and businesses are now looking for technological solutions to meet their data and reporting needs. However, understanding the capability of IoT devices available and how to integrate them with existing organisational systems is a new challenge facing many in this space.
Indicium was approached by a leading global cosmetics company to help them implement a system of energy and water monitoring across their Australian and New Zealand stores. The client is well-known for having a commitment to social and environmental sustainability and was seeking to develop a monitoring and reporting system that would provide insights to help understand their resource use in order to facilitate more efficient consumption. This information would also be integral to illustrating accountability against environmental standards involved in B Corp certification.
DATA REQUIREMENTS
Real-time information about the rates of energy and water use by 130 stores across Australia and New Zealand
High-resolution data allowing for analysis of shop usage trends, in order to identify potential inefficiencies in the ways stores consume energy and water, and and compromised infrastructure leading to water leaks.
Automatic integration of data with specific Economic and Social Governance (ESG) Reporting systems (e.g. B Corp systems)
SOLUTION
After auditing each store to determine current power and water configurations, Indicium delivered a detailed plan of technology required for each store. This plan outlined if there were existing smart meters that could be reused, existing internet-based data available from retailers, or whether single or three-phase retrofit meters would be required and how they would need to be installed.​
Indicium installed meters or integrated existing data feeds into the INDICIUM Stack, providing a centralised system capable of analysis, reporting, and downstream integration into their B Corp management systems.
SOLUTION BENEFITS
Real-time data is stored to provide historical insights, allowing the client to identify trends and inconsistencies in resource use.
REAL TIME DATA
Energy and water use can be monitored against the baseline to highlight abnormal patterns, identifying the need for equipment repair prior to incurring large bills.
BASELINE & TREND IDENTIFICATION
Data integration with external reporting software occurs seamlessly, avoiding the need for manual input.
SEAMLESS INTEGRATION WITH REPORTING SOFTWARE
Data can be analysed to determine trends in resource use, providing insight into ways that usage patterns can be adapted in order to maximise efficiencies.
IMPROVED EFFICIENCIES IN WATER AND ENERGY USE
INDICIUM Dashboards are built to allow for self-service analytics, allowing users easy access to the data, without the need for coding or IT experience.
USER FRIENDLY DASHBOARDS
The solution has been developed to easily scale for implementation across the client's stores globally.
EASILY SCALABLE