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The Company Schneider Enhances EcoStruxure™ Resource Advisor, Integrating End-to-End Features for Regulatory Compliance, Carbon Credits, and Custom Dashboards.
Schneider Electric announced significant enhancements to its portfolio of solutions aimed at managing corporate sustainability programs. These innovations allow organizations better environmental, social, and regulatory compliance governance while providing an improved experience in managing renewable resources. The EcoStruxure™ Resource Advisor, in turn, evolves with new features, strengthening its position as a comprehensive and sophisticated platform.
With these updates, Schneider Electric consolidates its position as a leader in the development of sustainable technologies that help companies meet their ESG (Environmental, Social, and Governance) goals. Additionally, the Schneider Company offers advanced customizable dashboard tools, allowing for detailed and efficient management data visualization. These improvements not only facilitate compliance with environmental regulations but also support corporate strategies in carbon reduction and other sustainable practices.
Schneider Electric: Digital Transformation of Energy Management
São Paulo (Brazil), August 2024 – The global leader in the digital transformation of energy management and automation, Schneider Electric, announces significant advancements in the EcoStruxure™ Resource Advisor. This comprehensive suite of business solutions has been developed to empower global organizations in the areas of ESG, energy efficiency, renewable energy use, and carbon management.
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New Features and Integrations of EcoStruxure™ Resource Advisor
Previously focused on standalone solutions, the platform now includes a diverse range of integrated features to meet the growing market demand and the complexity of corporate sustainability requirements. These needs are intensified by stakeholder expectations and new stringent reporting regulations, such as the Corporate Sustainability Reporting Directive (CSRD) from the European Union, which will be implemented in 2025, and the CDP.
Importance of Regulations in the Brazilian Scenario
In Brazil, Resolution CVM 193 of 2023, effective from 2026, stands out for addressing the preparation and disclosure of financial reports related to sustainability, according to the international standard established by the International Sustainability Standards Board (ISSB). With the growing need for human resources, tools, and budgets allocated for sustainability programs, companies face challenges in optimizing their ESG reports, implementing sustainable practices, managing renewable energy projects, reducing their carbon footprint, optimizing energy procurement and improving operational efficiency.
Specialized Solutions by Schneider Electric
The updated Resource Advisor package offers specialized solutions tailored to the diverse needs of companies, providing flexibility and depth for users to navigate their corporate sustainability journeys uniquely. The capabilities can be utilized individually or integrated, depending on each client’s specific objectives.
Indicator Library and Data Hub with AI
With the expansion of the library of ESG indicators aligned with global frameworks such as the CDP and future regulations like the CSRD, Schneider’s ESG Resource Advisor significantly improves the management and reporting of corporations’ ESG efforts. One highlight is the advanced data hub powered by artificial intelligence (AI), which allows for improved data integration and accuracy.
Data Management and Custom Visualizations
With the ease of connecting data from physical assets to legal entities, adapting to specific reporting requirements by jurisdiction, the platform offers visualizations and custom dashboards for data analysis and trends in companies’ ESG journey. According to Steve Wilhite, president of the Sustainability Business area of Schneider, the demand for accurate technologies is expected to grow as customers strengthen their sustainability capabilities.
Optimization of Energy Procurement and Carbon Credits
The Resource Advisor maintains its leadership in managing expenses and risks associated with traditional energy commodities while facilitating the transition to renewable energy. It is vital for corporations to prioritize the use of renewable energies and environmental commodities such as carbon credits. With features that enhance auditability and information sharing, as well as the automated calculation of renewable energy coverage, users can manage these purchases strategically.
Reports and Strategic Reallocations
Customers can now quickly identify underutilized assets or sites that have exceeded targets, allowing for strategic reallocations or sales of surplus certificates to generate revenue. Wilhite highlights that the global standard reporting feature enables monitoring progress towards critical renewable energy goals, such as the commitment to consume 100% renewable energy by a specific date.
Ideal Partnership for Corporate Sustainability
With these updates, Schneider Electric establishes itself as the ideal integrated partner for companies aiming to comply with rules such as the CSRD and other environmental regulations, in addition to serving corporate leaders who consider ESG performance a crucial indicator of business health. Amy Cravens, ESG Management and Reporting Technologies Research Manager at IDC, states that the Resource Advisor stands out in the market by offering end-to-end capabilities in ESG, sustainability, procurement, renewables & carbon, and efficiency management.
For more information on Schneider Electric’s EcoStruxure™ Resource Advisor, visit the website [link].
Source: © Schneider Electric Press
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