Enhance Profitability Alongside Compliance With Stringent EU Carbon Disclosure Directives.
With OnlyGood – A Carbon Intelligence System With Sustainability Reporting .
Why Are Auto Component Manufacturers And Exporters Choosing Sustainability?
01. Continuously Evolving, Stringent Buyer Guidelines
New European mandates for sustainability initiatives and carbon disclosure are very stringent with significant penalties for non-disclosure, including termination of orders.
02. Margin Pressure
In a crowded, cost and quality-conscious global market, sustainability credentials are a surefire way to differentiate.
03. Lack of Operational Efficiencies
Serious sustainability initiatives always highlight energy and water wastage, as well as process gaps. A focus on sustainability can bring tremendous cost reduction from new operational efficiencies.
OG Sustainability Parameters & Ratings
for the Automotive Industry.
Onlygood’s carbon intelligence & reporting platform helps you improve your ratings across these parameters
A Global Automotive Supplier Case Study
Learn how OG helped a Global Auto Parts Supplier to set up technology and data-based carbon disclosure & reporting.
The Challenge
The company’s main buyers are European vehicle manufacturers, facing stringent new sustainability mandates from EU environment regulators. The mandates require EU manufacturers to develop sustainable supply chains and disclose carbon footprints for their factories and suppliers. These include environmental, social, and governance parameters suggested by the GRI (Global Reporting Initiative) as well as DEFRA (UK’s Department for Environment, Food & Rural Affairs). The reporting requirements have changed from simple Excel-based reporting to goal-based tracking of these parameters, with verifiable, auditable data, documentation, and certification.
THE INTERVENTION
Onlygood’s platform onboarded all carbon-related data from said company, for all of its disparate factories for the past year. The legacy data created a baseline for the previous year’s carbon footprint and enabled the company to set realistic carbon reduction goals for the upcoming quarters & years. We continue to compute the carbon footprint of each factory and the overall enterprise with new data input through the platform’s automated wizard. The platform analyses and provides shareable reports on the ESG parameters the buyer requires.
THE IMPACT
The platform has created a whole new data competency within the organization that realizes how they have to be carbon efficient even as they grow profitability. The company has averted a huge business relationship risk from their global & EU buyers by their data-based reporting that is trustworthy.
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Reduced Business Risk, Enhanced Reputation
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10% improvement in new business through sustainability
THE FUTURE
The company is all set to get globally accredited Carbon certification ISO14064 at the end of year 1 and is ready to create a unique ‘green network’ of its suppliers & supply chain partners. It plans to embark on a journey of carbon neutrality and build a newer, green business.
Enable An Easy & Hassle-free Sustainability Solution for Your Business Today.
With OnlyGood – A Carbon Intelligence System With Sustainability Reporting .