Double Materiality in the Context of the CSRD: A Key Compliance Requirement for Companies
The concept of “double materiality” has become central to corporate sustainability reporting.
The concept of “double materiality” has become central to corporate sustainability reporting.
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MOUNTAIN VIEW, Calif., May 2, 2023 — Locus Technologies, the leading EHS Compliance and ESG software provider, today announced that Foster Farms, a top US provider of fresh, frozen, and prepared poultry products and the leading brand of fresh chicken in the Western U.S., selected Locus’s award-winning enterprise Software as a Service (SaaS) to organize and manage their EHS compliance and ESG reporting.
Foster Farm subscribed to an integrated set of apps offered in the Locus Cloud Platform. Some apps include EHS Compliance Management, ESG and Sustainability, GHG Emission Factor and Calculation Management, Inspections, Configuration Workbench, Air Emissions Management, Storm Water, Wastewater, and well data management and reporting.
Locus Cloud is the first fully integrated multitenant platform created from the ground up to allow organizations to manage their environmental, energy, water, waste, carbon, air, health and safety, remediation, water quality, and compliance information in one place. The Locus Platform allows companies to configure their own management, tracking, visualization, and reporting through a graphically driven user interface. This feature enables organizations to configure the software to their needs without worrying about the expensive programming outlays usually associated with customization and single-tenant deployments.
When designing integrated EHS/ESG SaaS, Locus sought to make the complicated workflow and management of environmental data as simple as possible and to make it manageable from a single platform with shared components. The resulting platform offers immense flexibility and endless capabilities with minimal training thanks to the new, intuitive, user-friendly interface design.
“The accurate tracking and reporting of critical environmental resource usage is a necessary part of our compliance responsibilities, and a major component of our efforts to ensure that we are a sustainable producer. The Locus application software will make a significant contribution to our resource management capabilities,” said Don Hill, Foster Farms Director of Environmental Affairs.
“We are delighted that Foster Farms recognized the power of the Locus Cloud platform. Businesses do not want to shop for point solutions from different vendors only to be left with the nightmare of integration, security, synchronization, and vendor management. They want one-stop shops and to avoid having to deal with vendors that don’t integrate well with one another or have spotty service and limited support. Locus will provide Foster Farms single platform through which they can accomplish all their environmental and compliance management needs on a single, fully customer-configurable platform,” said Neno Duplan, President, and CEO of Locus. “Keeping the end user’s perspective in mind, we’ve packed the same 26-plus years of domain expertise that Locus has been offering all along into a highly configurable and scalable software platform built from the ground up on the latest web technologies,” remarked Duplan.
ABOUT FOSTER FARMS
Foster Farms is dedicated to providing families across America with great food. From ready to cook chicken and turkey, to chicken nuggets and corndogs, Foster Farms portfolio of fresh, frozen, and prepared foods, are always welcome whether it’s dinner time or snack time. Since its founding in 1939 Foster Farms has gone on to become one of the largest quality poultry producers in the United States. Headquartered in Livingston, Ca with facilities in California, Oregon, Washington, Colorado, Arkansas, Alabama and Louisiana, the company has nearly 12,000 Team Members, and is committed to building a “culture that nobody wants to walk aways from.”
MOUNTAIN VIEW, Calif., 14 February 2023 — Locus Technologies, the leading EHS Compliance, and ESG software provider, today announced that San Jose Water (SJW), an investor-owned public utility providing water service to a population of approximately one million people in the Santa Clara Valley, has expanded Locus’ environmental information management software to use Locus GIS+ for advanced GIS analysis.
SJW has been using Locus SaaS and mobile app since 2014 to manage its field data collection, water quality compliance, and regulatory reporting. SJW also uses Locus to track sewer discharges and well blow-offs.
“Our responsibility is to ensure our customers receive the highest quality drinking water from their taps. We monitor the quality and cleanliness of our water in terms of state and federal regulatory requirements. In 2021, our highly experienced staff collected more than 1,000 regulatory and non-regulatory samples from our distribution system and treatment plant, generating over 23,000 data points. To manage this data effectively, we used Locus’ cloud-based software. GIS mapping capabilities are essential for our environmental data analysis. Locus GIS+ will allow quick data visualization and is a quantum leap forward with advanced analysis tools that use Esri’s Smart Mapping technology,” said Suzanne DeLorenzo, the Director of Water Quality at San Jose Water.
“Locus’s mission is to help organizations, such as San Jose Water, to achieve their business goals by providing them the software tools to manage key data associated with water quality and compliance reporting,” said Neno Duplan, CEO of Locus. “With GIS+, SJW will have all the tools they need to perform a wide range of geospatial data analysis across their distribution system. Our water quality management cloud-based software, coupled with GIS+ and Locus Mobile for field data collection, provides our customers with a highly scalable and feature-rich application that gives water utilities strong analytical power and advanced GIS capabilities.”
Locus GIS+ is powered by Esri’s ArcGIS platform and offers various advanced features— including enhanced cartography, comprehensive spatial data analysis, and the ability to use the customer’s map data through integration with ArcGIS Online and Portal for ArcGIS.
ABOUT SAN JOSE WATER
Founded in 1866, San Jose Water is an investor-owned public utility and is one of the largest and most technically sophisticated urban water systems in the United States. Serving over one million people in the greater San Jose metropolitan area, San Jose Water also provides services to other utilities, including operations and maintenance, billing, and backflow testing. San Jose Water is owned by SJW Group, a publicly-traded company listed on the New York Stock Exchange under the symbol SJW. SJW Group also owns Connecticut Water Company in Connecticut; Maine Water Company in Maine; and SJWTX, Inc. (dba Canyon Lake Water Service Company) in Texas. To learn more about San Jose Water, visit www.sjwater.com.
MOUNTAIN VIEW, Calif., 11 April 2022 — Locus Technologies, the leading EHS Compliance and ESG software provider, today celebrates the 25th anniversary of its founding, and with it, a quarter-century of customer success. Locus looks back on its founding as a Silicon Valley leader in EHS & ESG software with pride in its leadership through expertise, stability, and innovation.
Locus was founded in 1997 with a revolutionary vision that set the framework for what is now widely known as environmental, social, and corporate governance (ESG) and environmental, health, and safety (EHS). Locus envisioned a simplified and data-driven approach, offering software in the cloud, on mobile devices, and as a service. The company pioneered SaaS (Software as a Service) model in EHS, ESG, and water quality management spaces in 1999 and never installed its software on customers’ premises.
Over 25 years, Locus has pioneered cloud environmental solutions, online and mobile GIS (Geographic Information System) services, has revolutionized environmental information management, and AI and IoT technologies for organizations ranging from Fortune 500 companies to forward-facing municipalities and the US Government.
Locus recently broke new ground by releasing the first Visual Calculation Engine for ESG Reporting. Locus’s visual calculation engine helps companies quickly set up and view their entire ESG data collection and reporting program, enabling full transparency and financial-grade auditability throughout the entire process.
As the industry continues to evolve, competitors merge and disappear. New markets emerge and grow. Locus remains a constant in the environmental space, an innovative and independent pioneer.
“For 25 years now, Locus has brought together industry-leading experts in EHS, sustainability, and technology. Although regulations and requirements have changed over the years, that combination remains at the core of what Locus does, as demonstrated by our stability and long-term customer partners. We look forward to continuing our path of growth using those same values for the next 25 years.” said Wes Hawthorne, Locus President.
Locus Founder and CEO, Neno Duplan is proud to look back on the growth of Locus over the last 25 years. He said, “Locus did not start in the clouds, but back in 1997, we had a rather good view. Locus’s vision for better global environmental stewardship has not changed since its inception. We focus on empowering organizations to track better and mitigate the environmental impact of their activities. That vision has come to fruition through the Locus software services used by some of the world’s largest companies and government organizations. Locus’ SaaS has been ahead of the curve in helping private and public organizations in not only managing their water quality, EHS compliance or ESG reporting but also turning their environmental information into a competitive advantage in their operating models.”
MOUNTAIN VIEW, Calif., 1 March 2022 — Locus Technologies, the leading EHS Compliance, and ESG software provider, today announced the industry-first visual calculation engine for ESG reporting. Locus’s visual calculation engine helps companies easily set up and view their entire ESG data collection and reporting program, enabling full transparency throughout the entire process. Through an interactive branching interface, ESG professionals can quickly identify areas where to focus efforts to improve their ESG performance. Companies that set goals in line with the Science-Based Targets initiative (SBTi) can use Locus’s ESG software to track progress to reach those goals in a transparent and credible manner.
Having a visual calculation engine reduces the burden, time, and potential inaccuracies associated with ESG reporting. The environmental portion of ESG reports includes complex calculations, factors, and numerous data inputs. The visual calculation engine goes beyond GHG (Greenhouse Gas) and addresses any calculations that are part of ESG reporting such as waste generation, resources, and water consumption. Through the visual hierarchical tree, companies can easily get to the sources of any raw data, factors, and formulas used to generate reported ESG metrics.
With an increased focus on ESG reporting and transparency, ensuring accurate reporting is more important than ever. Locus’s award-winning ESG data tracking, analysis, reporting, and visualization software aims at helping organizations plan, implement, and accelerate net-zero strategies. Choosing the right calculation engine plays a crucial part in remaining compliant with rapidly evolving requirements and regulations. In the US, the SEC’s proposed rules expected this year will likely require public companies to report emissions from their operations, energy usage, and resources they consume. The SEC requirements are being driven by the fact that many investors are considering ESG disclosures in their investment decisions. With those requirements, there is an expectation that these reports will be subject to some form of auditing to ensure accuracy. Locus’ accredited GHG verifier designed the visual calculation engine to support this impending requirement. It provides a single consolidated view of all input data, referenced factors, and calculations that went into the ESG report. Through the calculation engine, raw data can be traced back to the user input, integrated external database, utility API, supplier attestation, or any other data source.
Locus’s visual calculation engine supports simultaneous calculations using multiple methods so that users can input data once and report to federal, state, and voluntary reporting programs according to each proper protocol. Once raw data is in the Locus ESG app, reporting can be performed to several different reporting standards such as U.S. EPA Mandatory Reporting Rule, European Union Emissions Trading Scheme (EU ETS) or GRI, SASB, CDP, DJSI, GRESB, and DNSH.
“Locus’ visual calculation engine builds upon over a decade of experience performing verification of ESG data for many companies. Coupled with Locus SaaS Platform it provides all necessary tools to simplify data management, reporting, and visualization of necessary carbon and other calculations in real-time. It provides full transparency for calculations, which become part of an organization’s ESG reporting. As financial-grade audits are applied to ESG reporting, this becomes a critical feature for organizations needing a reliable ESG reporting tool.,” said Wes Hawthorne, President of Locus.
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Locus Technologies provides cloud-based environmental software and mobile solutions for EHS, sustainability management, GHG reporting, water quality management, risk management, and analytical, geologic, and ecologic environmental data management.