Translating Sustainability into Business Performance
EQ2 and AMEE announce that they are to partner in a global effort to bring transparency, truth and accuracy to the measurement of the world’s environmental impact and energy usage reporting.
The agreement is born out of common principles between Mr. Steve Burt, CEO of EQ2 and Mr. Gavin Starks, CEO of AMEE. Both agree that there is a very clear need for an interoperable, transparent and accurate measurement methodology to steer companies and countries towards true and trusted reporting of their environmental impact.
EQ2 provides end-to-end accurate environmental measurement and supply chain mapping solutions in order for organisations to mitigate their environmental risk and develop a migration process that is cost effective, efficient and compatible with their company’s business objectives. EQ2 works with companies to develop and implement the most appropriate sustainable processes to minimise the organisation’s impact and those in its supply chain. The key focus is to help companies reduce operating costs and improve business methods by using accurate heterogeneous environmental metrics in a bottom-up and model-based approach.
AMEE has been designed as the standard of excellence in sustainability data collection and management, delivering unparalleled functionality, transparency and interoperability. AMEE aims to aggregate every emission factor and methodology related to CO2 and Energy Assessments for businesses, buildings, products, supply chains, countries, etc and consumption data such as fuel, water, waste, quantitative and qualitative factors. AMEE‘s algorithmic engine applies conversion factors from energy into CO2 emissions, and currently represents data from 150 countries and regions.
The result of this collaboration will be the first credit reference style reporting of the environment, equivalent in certitude to that of a D&B report. Combining EQ2’s intelligent management process with AMEE’s data management capabilities provides companies with an auditable environmental quality report (EQR) that details a true and accurate impact position. The EQR quantifies and monetises a company’s impacts and emissions to provide an accurate environmental profile based on the Greenhouse Gas Protocol (GHG) scopes 1, 2 & 3 and GAAP financial reporting standards.
AMEE provides highly accurate environmental impact metrics; EQ2 relates the impact metrics to a company’s operation and maps the financial implications.
Gavin Starks commented: "We believe that the solutions to a low-carbon economy and a sustainable future are based on deep collaboration around data. Our neutral position is designed to encourage and facilitate these interactions on a global scale. EQ2 will increase the reach of this globally connected and increasingly rich data ecosystem.”
Steve Burt commented: “Companies need to base their operational decisions, disclosure reporting and investment proposals on accurate environmental metrics rather than estimates that are likely to cloud, confuse or mislead. AMEE provides the platform to “getting it right”, EQ2’s passion for accurate corporate disclosure and reporting provides all stakeholders with complete assurance that an organisation has properly analysed its GHG emissions and impacts”.