378 Words - 1.5 Minute Read
Big Picture: Environmental compliance software is designed for binary outputs - are you in or are you out of compliance? Many operators are very familiar with compliance tools, so they do as much work as they can in rigid EHS platforms until they have to export to Excel. The end-game of compliance software is generally to submit a report to a regulator. Just as TurboTax isn’t a replacement for Quickbooks, environmental compliance software isn’t a replacement for a holistic performance-focused emissions management platform.
Why It Matters: Operators leaning on EHS compliance tools for performance outcomes will be at a disadvantage to those taking a FP&A approach to tracking and reducing carbon emissions.
For Example: Operator A uses its EHS Management Software to group and sort emissions data from different sites. Calculations in this platform are somewhat of a “black box,” so Operator A pulls the data into Excel for deeper analysis. Here is where things start to go wrong:
The Takeaway: You might think you are saving, but expanding your environmental compliance software to manage data and communications for carbon performance might become a bigger cost for you in the long run. The rigid, opaque approach doesn't fit well with the world of financial transparency and controls.
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