For many, climate change management and carbon accounting present a new opportunity, a new domain to be conquered by software. The upside looks huge, next frontier, next bubble. But it is not that simple. Instead of a single part, there is a family of domains, each with its not that simple science interwoven with many unsynchronized reporting standards and sometimes competing regulations. There are no clear regulations or other drivers to normalize the playing field. Nevertheless, ESG reporting created a hype that looks more like the medieval battle for territory.
Locus software has dominated the EHS compliance space for the last two decades. Consequently, Locus has the best shot at the ESG software market as the company has been gradually pivoting into sustainability software for some time. Locus software already manages most enterprise customers’ data in their EHS apps necessary for ESG reporting. Most importantly, Locus has the domain expertise to build software applications to match the complexity of ESG reporting and carbon accounting. In other words, Locus understands the science behind data and has used this expertise to quickly build a science-based reporting infrastructure leveraging Locus’ already strong presence in the space.
Locus’s applications are based on science and backed by data primarily from the EHS compliance for companies that disclose their information based on verified scientific data and actual readings from their instruments, lab results, resource consumption, waste generation, or water and energy management.
One of the biggest drivers of ESG software will be the convergence of climate change, water, and energy crises in the coming years. This sustainability and EHS compliance elements must coexist in a highly scalable real-time software platform that only a modern, multitenant cloud architecture offers. Locus has it.
Locus ESG software offers a SaaS platform that incorporates unified data layers that give Locus customers a consolidated view of their data across different business silos, scopes, and integrated EHS and ESG platforms.
Locus’ unified data layer brings varying data sources together to offer a single view of a company’s climate-related data. Using Locus’s shared SaaS-based applications and platforms could also give investment managers tools to evaluate their investment strategies and up-to-date opinions on their portfolio performance on ESG elements.
At Locus, we are genuinely driven by the dynamic industries we serve and the changing environmental landscape we must all work to safeguard. We help solve our customers’ complex environmental problems, improve the way environmental professionals work, and offer new ways to organize vast amounts of environmental, sustainability, and energy data on the Web. We turn environmental and energy data into actionable, real-time information. Most importantly, we help our clients lower operating costs and reduce environmental risk exposure and liability.
This is the eighth post highlighting the evolution of Locus Technologies over the past 25 years. The previous post can be found here. This series concludes with Locus at 25 Years: A Long-Term Vision for Environmental Stewardship.