Using ESG Data as a Change Agent in the Mobility & Transportation Industry

YuzeData General
March 15, 2024

In today’s fast-evolving landscape, companies in the mobility services and transportation industry face a dual challenge of driving operational efficiency while embracing sustainable practices. Integrating ESG and Sustainable principles has become paramount in shaping their strategic vision.

Stakeholder expectations are high: compelling financial performance delivered through a genuinely sustainable operation is now the measure.

The challenge: effectively collecting, managing and harnessing the power of ESG data remains a substantial hurdle.

This blog post delves into critical ESG priorities, their synergy with overarching company objectives, the risks associated with inadequate data management, and the transformative benefits of leveraging accurate ESG data.

Strategic Goals of Companies in Mobility Services: Companies within mobility services seek growth steeped in financial discipline, operational innovation, and a steadfast commitment to sustainability. They envision value creation by integrating ESG principles into their investment strategies, placing significant emphasis on adhering to regulatory frameworks and expanding their geographical footprint.

The top-tier priorities of these companies revolve around a multifaceted commitment to sustainability. They aim to lead the charge in decarbonizing business activities across their value chains, fostering equality in leadership roles, bolstering the percentage of electricity sourced from renewable sources, elevating recycling rates, and facilitating the integration of electric vehicle charging infrastructure.

How Sustainability Contributes to Overall Company Goals and What are the Risks?

Successfully operating in mobility and transportation services requires companies anticipate and manage significant risks, including geopolitical uncertainties, economic repercussions, and environmental impacts. ESG objectives and related programs serve as linchpins in aligning long-term investment strategies with sustainable performance. By delivering ESG-aligned performance, these companies bolster their reputation, enhance stakeholder trust, and fortify financial stability through ethical and sustainable business practices.

Unfortunately, ESG data is complicated. Experts estimate that 10% of the data required in Europe’s CSRD framework does not exist today in most companies, while another 20% of the data exists but only through manual collection. Finally, automating and managing the remaining 70% of the CSRD required data is quite complicated to reliably deliver at scale.

All of which underscores that companies need to implement the processes and technology to deliver trust-worthy ESG data to ensure regulatory compliance and to avoid fines and penalties. The consequences of unreliable ESG data reverberate across multiple facets – not just compliance issues. Such inaccuracies mislead stakeholders and investors, directly impacting a company’s reputation and trustworthiness. They impede accurate risk assessment, hindering effective decision-making processes and jeopardizing ESG targets.

Accessible, Accurate and Actionable Data and its Impact on Performance Targets:

Today, companies are more data-dependent than ever and need to leverage ESG data to maintain regulatory compliance and achieve corporate performance, sustainability, and environmental goals. The potential of this data is trapped across siloed systems, and your teams must manually collect and validate data before it can be trusted.

YuzeData helps companies turn their ESG data into accessible, accurate, and actionable assets. The YuzeData platform is a self-service, single-source-of-truth that connects critical data sources with business context to deliver faster access to trustworthy datasets in order to improve performance and more effectively achieve compliance goals.

Unlike other ESG solutions that rely on expensive services, complex integrations, and manual effort, the YuzeData platform easily connects to new and traditional data sources. Combining deep domain expertise with the latest innovations in AI, automation, and collaboration, YuzeData is the easiest way to achieve smarter outcomes with ESG data.

Unlocking the power of accurate ESG data empowers companies on multiple fronts. It facilitates precise reporting and informed decision-making, propelling efficient strides toward achieving ESG targets. By fostering transparency and reliability, it cultivates investor and stakeholder confidence, ultimately driving more effective ESG strategies and compliance. This optimization also ensures resource utilization aligns with sustainability outcomes.