EcoOnline launched its new Sustainability Reporting solution on March 5, 2024. This software enables organizations to easily and accurately calculate their greenhouse gas emissions, understand their climate impact, and comply with upcoming ESG and Sustainability legislation. In the past decade, there has been a profound increase in global ESG and Sustainability legislations, with more on the horizon.

2024 is going to be a pivotal year with the rollout of the all-encompassing EU-CSRD (European Union Corporate Sustainability Reporting Directive), as well as legislation in California and New York and the much-anticipated US-SEC climate legislation (Securities and Exchange Commission). In addition, a range of standards are being launched to support the legislation, including ISSB's (International Sustainability Standards Board) S1 and S2 and the European Sustainability Reporting Standards (ESRS) which underpins the EU-CSRD. This complex landscape of legislation and standards is where companies new to sustainability reporting often struggle.

EcoOnline's Sustainability Reporting software has been developed by experts who were involved in developing the original standards and know exactly what companies need to report on to comply. EcoOnline has also developed a Sustainability Navigator, which guides companies through which legislation they need to adhere to. Powered by a sophisticated data engine, EcoOnline's Sustainability Reporting solution provides robust, transparent, audit-ready greenhouse gas emission calculations.

Automatically selecting the appropriate emission factors from a database of over 130,000, it applies calculations and conversions instantly, reducing errors and saving time. Expert Sustainability Analysts are on hand to guide customers through set up, data collection, audit and reporting. The software is independently audited by a third-party provider to give peace of mind against increasing repercussions of non-compliance.

According to independent researcher, Verdantix, ESG and sustainability is set to be the fastest-growing sub-segment in 2024 as firms face new-found pressure to disclose accurate, auditable, and transparent emissions data to stakeholders, investors and consumers, to demonstrate their sustainability credentials, as well as comply with legislation.