Schneider Electric, a global leader in energy management and automation, has significantly upgraded its EcoStruxure™ Resource Advisor, a comprehensive enterprise software suite. The new enhancements are designed to meet the rising demands of corporate sustainability, regulatory compliance, and efficient management of renewable energy.
Addressing ESG and Regulatory Demands
The latest version of Resource Advisor introduces critical upgrades that align with global sustainability standards and upcoming regulations like the European Union's Corporate Sustainability Reporting Directive (CSRD), effective from 2025. Key features include:
1.Advanced ESG Indicator Framework: A robust library of standard ESG indicators is mapped to global frameworks, ensuring alignment with CSRD and other regulatory requirements.
2.AI-Driven Data Integration: An advanced AI-driven hub connects with business-wide data, improving accuracy and integration for more reliable ESG reporting.
3.Enhanced Multi-Entity Reporting: The platform now offers agile connections between physical asset data and legal entities, simplifying jurisdiction-specific reporting.
4.Customizable Dashboards: Users can create bespoke visualizations and dashboards, offering deeper insights and trend analysis on ESG performance.
Steve Wilhite, President of Schneider Electric’s Sustainability Business, highlights that these upgrades are designed to meet the evolving needs of clients and address challenges faced by diverse stakeholders involved in energy, sustainability, and ESG projects.
Improved Renewable Energy and Carbon Management
In response to the growing emphasis on renewable energy, Resource Advisor now includes features to enhance the management of renewable energy and carbon offsets. These improvements are crucial for companies committed to sustainability initiatives such as RE100, SBTi, and CDP. Key enhancements include:
1.Intelligent Tracking and Allocation: Enhanced functionality for tracking and allocating renewable energy purchases and carbon offsets, supporting better auditability and information sharing.
2.Automated Renewable Energy Calculations: Automated calculations of renewable energy coverage across a company’s footprint help identify surplus certificates and opportunities for reallocation or revenue generation.
Wilhite notes that these upgrades are designed to help companies meet their renewable energy goals, such as pledges to consume 100% renewable energy by specific deadlines.
A Comprehensive Solution for Corporate Sustainability
Resource Advisor’s comprehensive approach offers end-to-end functionality across ESG, sustainability, procurement, renewables and carbon, and energy efficiency. This integrated solution positions Schneider Electric as a preferred partner for companies facing regulatory challenges and seeking to enhance their overall ESG performance.
Amy Cravens, Research Manager for ESG Management and Reporting Technologies at IDC, underscores that Resource Advisor distinguishes itself in the market through its integrated functionality, addressing a wide range of sustainability and regulatory needs.
In summary, the enhancements to EcoStruxure™ Resource Advisor underscore Schneider Electric’s commitment to supporting companies in navigating the complexities of sustainability and regulatory compliance, ultimately driving progress towards a more sustainable future.