Key Takeaways
- Expanded Carbon Accounting Solution: HowGood has enhanced its Latis platform to provide comprehensive carbon accounting, covering Scopes 1, 2, and 3, for the food industry.
- Streamlined ESG Reporting: The new solution is designed to simplify ESG reporting and carbon reduction efforts, especially relevant to increasing global ESG reporting mandates.
- Granular Product Carbon Footprinting: Utilizing a database of 90,000 agricultural emission factors, HowGood offers precise, product-level carbon footprint data, setting a high standard in the industry.
- Free Access to Scopes 1 and 2 Data: To encourage widespread adoption and impact reduction, HowGood offers all platform users free access to Scopes 1 and 2 carbon accounting.
- Bridge Between Corporate and Product-Level Reporting: This innovation addresses a crucial gap in the industry, integrating detailed product-level data with broader corporate GHG accounting.
HowGood, known for its extensive sustainability intelligence platform and database, announced a significant enhancement to its Latis platform. This update is poised to transform the food industry’s carbon accounting and ESG reporting. By encompassing Scopes 1, 2, and 3, HowGood’s solution accurately represents corporate footprints. This is crucial as companies navigate increasing regulatory pressures for ESG reporting, such as the California Climate Disclosure Rule, the EU’s Corporate Sustainability Reporting Directive, and upcoming guidelines from the SEC.
Features of HowGood’s Carbon Accounting Solution
- Total Emissions Reporting Across All Scopes: The solution simplifies setting an auditable emissions baseline and integrates features for enhanced reporting.
- SBTi FLAG Reporting: Addresses the need for food companies to set FLAG emissions targets, aiding in setting brand- and product-level goals.
- Forecast and Model Abatement Strategies: Enables companies to identify emission hot spots and strategize on reduction initiatives.
- Audit-Ready Data: Offers GHG Protocol-compliant reports, blending accuracy and automation for ESG reporting.
Industry Impact
Nina DePalma, Head of Product at HowGood, emphasizes the need for granularity and accuracy in corporate carbon accounting. This solution addresses the historical challenges in the industry by eliminating data silos and enhancing the visibility of sustainability initiatives. It represents a significant step in bridging the gap between product-level detail and enterprise-scale carbon accounting.
About Latis Platform
Latis, the core of HowGood’s sustainability intelligence, leverages over 600 accredited data sources. It assesses the environmental and social impact of over 33,000 ingredients, enabling companies to calculate their footprint across various metrics. This platform facilitates the discovery and modeling of impact reduction initiatives and supports sustainability marketing efforts.
HowGood’s expanded carbon accounting solution marks a significant milestone in the food industry’s journey towards sustainability. By offering detailed, comprehensive, and user-friendly tools for carbon accounting and ESG reporting, HowGood is paving the way for more informed and impactful environmental strategies in the food sector.
Image provided by HowGood
