SAN FRANCISCO—Verdafero, a leader in environmental reporting, plans to offer deeper analytics, covered emissions tracking for hospitality customers, and other analytical reporting for hospitality customers. The new features are a direct response to industry climate accountability pressures. Emissions reporting with emissions analytics is a needed compliance tool for hospitality’s climate engine. Verdafero’s enhancements in analytics and emissions reporting ensure hospitality will respond to the new climate of infrastructure regulations.
With the provision of the expanded emissions reporting service, Verdafero is the first company to give hospitality operators the ability to monitor and quantify their emissions in a unified platform across Scope 1, Scope 2, and Scope 3. Scope 1 of the emissions reporting covers the direct combustion of fuels and emissions from controlled sources and includes, among others, the energy used in a hotel’s HVAC system. Scope 2 includes the indirect emissions from the purchase of electricity, steam, and the purchase of heated and cooled accommodations. Finally, Scope 3 emissions, which have historically been the most elusive, pertain to the indirect emissions resulting from the operational, supply, and customer travel chains of a business.
Clearly, as every business is trying to mitigate the impending changes in laws and regulations, meet their operational and organizational sustainability goals, and protect their brand image, thorough emissions monitoring and reporting is becoming a dire necessity. The platform that Verdafero provides for the hospitality sector offers operational transparency and helps in the strategic planning of emission management, thereby allowing the businesses to remain within the threshold of quarterly environmental limits.
Fulfilling Global Compliance & Sustainability Frameworks
Considering the accompanied pressure from governmental and regulatory lots of bodies, Verdafero has expanded the user’s emissions reporting service to conform to the global reporting frameworks of sustainability and emissions, supports the GHG Protocol, and embraces the Corporate Sustainability Reporting Directive (CSRD) and the SEC climate disclosure regulations, which are boundary frameworks for the GHG Protocol for climate-reporting and climate-related disclosures for global accounting and ledgers.
Also, Verdafero supports hospitality businesses to comply with the requirements of the international non-governmental organization, the CDP, which has built a framework for businesses to report their GHG emissions, which used to be known as the Carbon Disclosure Project. Meeting these frameworks guarantees compliance and captures visits that come from operational inefficiencies and costlier emissions profiles.
This is an imperative approach, as much as business practices that rely on sustainability and emissions minimization have been recognized as modern practices that are financially fruitful. These include practices such as complete emissions accounting that prospective consumers and investors have begun to value, which, in turn, increases business value in the long run.
Empowering hospitality businesses with data analytics insights has become an impressive value-added feature of Verdafero’s data analytics module. It helps hospitality businesses understand how they compare to peers in the industry. It visualizes emission data to help organizations understand their industry standing and assess their relative performance to figure out if they are lagging or leading in an area of focus.
These analytics become particularly valuable for decision makers and executives of organizations to help guide their sustainability plans, internal resource allocation planning, and emission-focused strategies. Companies can target emission reduction strategies that simplify their internal environmental footprint and achieve cost efficiency and operational effectiveness.
The Verdafero Service also helps organizations with emission reduction opportunities across their supply chains, increasing the products and value services that sustain their operational effectiveness. Supply chain emission tracking and management are more crucial now that organizations target sustainable practices across their value chain, not only their operational silos.
A Shift Towards A Low-Carbon Economy Using
SaaS Solutions Verdafero provides expanded greenhouse gas accounting to help businesses transition to a decarbonized economy. The growing interest and concern about climate change forces all businesses, including those within hospitality, to embrace sustainable business practices and climate action. The hospitality business is uniquely positioned to help decarbonize businesses and society during this transition despite its high energy use, extensive supply chains, and operations.
Verdafero’s comprehensive approach that solves all three scopes of emission accounting helps hospitality businesses to not only comply with regulatory changes but also maintain enhanced environmental and business sustainability. Unlike other organizations, companies can proactively manage their climate impacts, business objectives, and strategy through Verdafero’s analytics and reporting products. This allows organizations to decide about their environmental impacts rationally.
To maintain industry leadership, the hospitality sector must adopt innovative and detailed emission reporting to remain competitive. Verdafero’s new service empowers businesses to comply with legal regulations, meet consumer demand, and champion advocacy for a more sustainable and climate-friendly society.
Conclusion
In the age of global warming, where every business adopts its own approach for sustainability, Verdafero’s focus on emissions reporting has helped hospitality companies meet their requirements and stay compliant with changing global mandates. With the platform now encompassing complete Scope 1, Scope 2, and Scope 3 emissions reporting and analytics, Verdafero gives customers the ability to make more informed choices, set sustainability goals, and manage climate targets. As the world focuses on hospitality more, the need for climate accountability has increased. Therefore, Verdafero brings a completely new specialization, with a focus on helping customers achieve this goal.
Call (650) 206-2441, e-mail alastair@verdafero.com, or click here for more information.
