Whitepaper

SpheraCloud Corporate Sustainability

IN THE SPOTLIGHT:
HOW SOFTWARE ACCELERATES
SUSTAINABILITY REPORTING
AND PERFORMANCE MANAGEMENT
 CONTENTS
Introduction 2

Chapter 1: The Changing Scope of Reporting Requirements 3

Chapter 2: From Best-in-Class Sustainability Reporting 4

to Performance Management

Chapter 3: How Software Accelerates Your Journey 5

Chapter 4: The Right Technology Drives Operational Excellence 10

Chapter 5: Why Customers and External Parties Prefer Sphera 12

Why Sphera? 15

Summary 16

1
INTRODUCTION
The global business community is witnessing a regulatory shift that has
massive implications for operations and compliance. Driven by climate
change and the pressing need to control greenhouse gas (GHG) emissions
and use resources more responsibly, regulatory bodies around the world are
issuing new guidelines to drive better tracking and reporting of businesses’
GHG emissions.

Europe’s Corporate Sustainability Reporting Directive (CSRD) and the

U.S. Securities and Exchange Commission’s (SEC) Enhancement and
Standardization of Climate-Related Disclosures follow similar developments
in the United Kingdom, Japan, New Zealand and Canada. Some of these
regulations are limited in scope (e.g., the SEC’s proposed regulations apply
only to large, publicly traded companies in the U.S.), but the writing is on the
wall. A new era of transparency is underway.

Environmental, Social and Governance (ESG) performance is now an

essential metric for businesses around the world. Investors are increasingly
focused on climate and other ESG-related disclosures to assess risk for
their investments. That’s because companies with strong ESG performance
tend to produce higher returns on investments, lower risks and better
resiliency during crises.

However, getting started with ESG disclosures can be overwhelming due to

the variety of metrics involved. Establishing an ESG baseline is a practical
first step, where businesses map their goals and define opportunities for
quick wins based on business priorities.

Some companies have already demonstrated greater transparency in ESG

reporting, but those that haven’t will need to move quickly. Most (92%)
executives surveyed by Deloitte¹ say their companies need to invest in
more robust tools to support accurate sustainability measurement and
reporting. Fewer than one in three respondents indicated that their company
is prepared to disclose Scope 3, or value chain, emissions. For many
companies, there is work to be done.

This white paper outlines the criteria business leaders should know to
start or enhance their emissions reporting and management capabilities.
It also provides guidance on how to identify a software solution that
includes data collection, reporting and performance management;
includes high-quality emissions factors; and is delivered by consultants
with deep domain expertise.

2
 CHAPTER 1:
THE CHANGING SCOPE OF REPORTING REQUIREMENTS
Many companies have been voluntarily reporting achievements on environmental protection, social
responsibility, employee diversity and other areas aligned with the UN’s Sustainable Development
Goals (SDG). But it is still not enough to fight climate change. Now we are seeing a massive regulatory
shift that has major implications for companies across the globe.

Regulatory requirements for GHG emissions reporting vary by jurisdiction, company size, company
value and ownership status. (See Figure 1.) This challenge is compounded for companies with a
global presence; they will need to navigate distinct regulations for each region they operate in.

Reporting companies must

begin with a comprehensive • In-house expertise to oversee ESG and Sustainability reporting,
understanding of the compliance and progress.
reporting requirements
• Robust third-party data that is comprehensive enough to meet
that apply to them. From
forthcoming standards.
there, they can start
to build or enhance • A software solution to manage and consolidate Scope 1, 2 and 3
reporting capacity. For this, emissions data, and produce actionable insights.
businesses should have:

Each of these components is critical to success. In this white paper, we provide guidance on
software solutions that help reduce the complexity of ESG and sustainability disclosures.

2022 Regulatory Updates for Corporate Sustainability Reporting (as of April)

UNITED STATES EUROPE (UK AND EU)
• The SEC proposed a rule for • Currently all listed companies with • Large companies and financial
mandatory reporting of all climate- more than 500 employees are institutions registered in the UK must
related risks aligned with the Task required to publish information as disclose climate-related financial
Force on Climate-Related Financial per the EU’s Non-Financial Reporting information, starting in 2022.   
Disclosures (TCFD), including Scopes Directive (NFRD). 
1 and 2 emissions data and Scope 3 • Find more details in our Sphera blog:
data where applicable.    • The EU Corporate Sustainability Sustainable Finance and Upcoming
Reporting Directive (CSRD), aligned Reporting Requirements in 2022.
• The proposed rule offers a phased with TCFD, announced new rules that
implementation, with the largest apply to European financial services
organizations expected to comply organizations beginning in 2022 and
by 2023, and smaller organizations to all companies with 250+ employees
by 2024.   beginning in 2023. The first reports
will be published in 2024. 
• Find more details in our Spark Blog:
The SEC Makes Progress on Climate-
Related Disclosures.

REST OF THE WORLD

• Japan’s Financial Services Agency
began in April 2022 to require
companies listed on the Prime Tokyo
Stock Exchange to make disclosures
aligned with TCFD.  coordination of sustainability
• Securities exchanges in India, Hong
Kong, Singapore, South Africa, UAE,
Australia, China, etc., expanded
requirements to include ESG
disclosures. The Sustainable Stock
Exchange Initiative has identified 25
exchanges covering more than 16,000
companies requiring ESG reporting as
a listing rule. 
• At a global level, the International
Organization of Securities
Commissions (IOSCO) is taking
responsibility for greater
disclosure requirements.  setting boards—the International
• Most large companies based in the
EU and EU subsidiaries of foreign
companies will fall within the scope of
the EU taxonomy and CSRD
(see ‘Europe’).  
• The International Financial Reporting
Standards (IFRS) Foundation and
Global Reporting Initiative (GRI) have
announced a collaboration agreement
under which their respective standard-
Sustainability Standards Board (ISSB)
and Global Sustainability Standards
Board (GSSB) —will seek to coordinate
their work programs and standard-
setting activities.

Figure 1: 2022 Regulatory Updates for Corporate Sustainability Reporting (as of April)

3
CHAPTER 2:
FROM BEST-IN-CLASS SUSTAINABILITY REPORTING
TO PERFORMANCE MANAGEMENT
Here are the two main use cases for corporate sustainability software:

Corporate Sustainability and ESG Reporting

Mandatory reporting is positioned clearly on the horizon. Companies need a transparent,

auditable trail of climate-related data to ensure accuracy, consistency and relevance of reports.
A best-in-class carbon emissions management solution can help companies standardize the
measurement of emissions and other climate impacts, including Scope 3 emissions. The
solution can also help companies compare results, establish resilient processes and scale
as needed. The sustainability reporting solution should:

• Establish transparent, audit-proof sustainability management and

efficient reporting processes to reduce the risk of non-compliance and
related financial consequences.

• Automate data collection and connect all relevant sustainability data

company-wide, including all GHG emissions (Scope 1, 2 and 3 emissions),
water and waste emissions, and other requested ESG-related data.

• Use the right emissions database to ensure granular and accurate

GHG reporting.

• Report efficiently to all relevant standards (e.g., GRI, CDP, SASB, etc.),
ratings (e.g., MSCI, DJSI, etc.), and regulations without gathering similar
information twice.

• Use a best-in-class, cloud-based software that provides a single source of

truth for sustainability, finance, operations and other stakeholders to have
real-time, reliable and audit-proof data for better business decisions.

Sustainability Performance Improvement

Once companies have achieved the Corporate Sustainability Reporting must-haves, they are
well prepared for the next step, enhancing sustainability and ESG performance. At this stage,
companies should be able to:

• Make use of advanced performance analytics to understand the gap

between targets and actual performance: process the information in the
ad-hoc analysis as needed by using Business Intelligence technology.

• Identify options to improve sustainability performance with an advanced

and professional sustainability application.

• Build and implement a plan to manage execution against expected

outcomes: Set targets for all organizational levels based on
scenario analysis and take action through the use of marginal cost
abatement curves.

4
 CHAPTER 3:
HOW SOFTWARE ACCELERATES YOUR JOURNEY
It’s time to start navigating and optimizing your organization’s sustainability journey.
SpheraCloud Corporate Sustainability software delivers an advanced solution at scale for
organizations across the globe. Built on years of sustainability expertise and the diverse
customer experiences we’ve witnessed around the world, our solution provides the most
relevant emissions factor sources, including Sphera’s powerful life cycle assessment
(LCA) database, which is updated annually.

Manage data, provide

Automate data custom dashboards,
collection and and share results with
connect data across stakeholders
the organization

Understand the gap

Build and implement between targets and
an implementation actual performance
plan and manage and identify options to
execution against improve performance
expected outcomes

5
3.1
INPUT AND AGGREGATE The Compliance & Control
module allows the creation
of custom rules or plausibility
Data Collection and Integration  limits to check the collected
data for deviations. This helps
SpheraCloud Corporate Sustainability provides a powerful data identify vulnerabilities and
collection tool kit that formats data for efficient aggregation and initiate corrective measures as
soon as possible.  
reporting. It offers robust and intuitive web forms — apart from
automatic integration capabilities via APIs or Excel/CSV files — for Data can be collected at any
manual collection of quantitative information like electricity or natural frequency (e.g., monthly,
gas data. It also allows for qualitative information like text or multiple- quarterly or annually) to suit
choice questions. The collected data can be easily consumed from an organization’s different
external BI tools and used as needed in related processes and data collection needs, which
external workflows.   may vary by location. When
dated information does not
The software offers several tools to simplify data entry, such as correspond to an exact time
period, (e.g., utility bills or
multiple-choice checkboxes, drop-down menus, a responsive search
meter readings) the Prorating
function, lists-as-you-type, customizable descriptive text boxes and module allows the data to be
commenting capabilities. A context-sensitive, online help function processed and aggregated by
supports the user in navigating through the system and across the analyzing it for a start and end
platform.   date and then splitting it into
daily averages.  
Data Quality
Gaps in cyclical data collection
Strong data quality ensures confidence in the accuracy and can be caused by skipped,
missed or interrupted data
auditability of the data, and it optimizes decision-making. With
collection. Excessive data gaps
SpheraCloud Corporate Sustainability software, inaccurate or out-of- can lead to serious reporting
range data is immediately flagged to reduce data-entry errors. deviations. With the Gap
Filling function, businesses
can localize and fill data gaps
based on comprehensive
calculation rules. They can
enrich reports by extrapolating
data without affecting the
actual data collection. Gap
filling is achieved by applying a
fixed set of calculation rules to
the detected number of gaps. 

During data collection, it can

be difficult to stay in control of
2019,
2020,
2021,
2019,
2020,
2021,
2019,
2020,
2021,
2019,
2020,
2021,
2019, 2020, 2021,
all required document reviews.
A multi-tier approval flow can
help establish multiple
levels of data verification.
Additionally, the Auditing
module enables the creation
of configurable, collaborative
audit planning and
management, which allows
easy planning, scheduling and
management of internal audits
and related corrective actions
for specific locations. 

6
 3.2
VISUALIZE AND REPORT
Manage Data and Communicate Results to Stakeholders 

Sustainability reporting helps organizations measure, understand and communicate their

ESG performance; set goals; and manage change accordingly. In SpheraCloud Corporate
Sustainability software, all reporting-related materials — including collected data, aggregated
data, reports of various purposes and supporting material — can be stored in one place.
This saves time and reduces costs associated with audits and additional tools. The software
enables companies to efficiently report to all relevant standards (e.g., GRI, CDP, SASB, etc.),
ratings (e.g., MSCI, DJSI, etc.), and regulations (e.g., U.S. SEC climate disclosure requirements,
EU Corporate Sustainability Reporting Directive and others). 

The software allows organizations to present data on personalized dashboards with dynamic
charting. Reports are always up to date, thanks to real-time analytics.

2019, 2019, 2019, 2019, 2019, 2020, 2021,

2020, 2020, 2020, 2020,
2021, 2021, 2021, 2021,

• Dashboards can be shared among users,
but role-based access control ensures that
users see only the information they need to
do their job. In this way, specific data can be
shared with the entire company or with an
authorized group of users.
• By using interactive inline frame technology,
the SpheraCloud Webconnect module
provides the ability to embed up-to-date
reports from your software application
directly onto company websites. Reports can
also be shared externally.
7
• For publishing, the software offers several
options. For example, with just one click,
organizations can send out a quarterly
performance report to all national managers,
giving them an update on how they
performed against their individual Energy
Reduction Targets. Businesses can also
provide a detailed building summary report to
all asset managers on an annual basis. This
is all possible using the Publishing module,
which allows businesses to present
corporate sustainability data, tables and
reports in a preformatted document that can
be distributed via email to authorized users,
either in regular intervals or immediately. 
3.3
DIAGNOSE AND STRATEGIZE
Identify Options to Improve Performance  

To establish an effective sustainability strategy, it is vital to understand, aggregate and analyze

collected data. SpheraCloud Corporate Sustainability helps identify the gaps between targets
and actual performance, so businesses can amend strategies and track progress toward
goals. This will not only reduce costs and risks but also strengthen the company brand and
sustainability profile in the market. 

Gain valuable insights into your company’s data by using industry-leading data mining methods
such as deviation analysis, regression forecasting and benchmarking.  

• Easily see if your business is on track. • Through benchmarking, performance is

Deviation reporting can be used to set
more granular targets at a monthly,
quarterly or semi-annual level.
• Several forecasting methods can be used
to project future performance based on
current and historical trends and scenario
planning metrics. For example, organizations
can project future GHG emissions based on
different scenarios for production volume or
building electricity consumption.
assessed against peers and industry best
practices. All these insights will help your
business pinpoint vulnerabilities, so you
know exactly where and how to adjust.
• By leveraging additional plug-ins, such as
the BizEE Degree Days plug-in, which
provides dynamic access to local weather
data, you can normalize your performance
by removing the dependencies for local
weather conditions. For example,
benchmarking multiple sites across
different climate regions or comparing the
performance for a single site over the years.
8
 3.4
IMPLEMENT AND MONITOR:
Manage Execution Against Expected Outcomes  

After analyzing company benchmark data, it is time to identify opportunities and create a
strategy for change. Creating an effective data strategy is not just a core requirement for
sustainability reporting; it also provides businesses the opportunity to identify alternative
consumption habits and drive innovative solutions. 

• SpheraCloud Corporate Sustainability software provides Targets & Actions, a dedicated

module for improvement tracking and target setting. This module enables the creation
and management of a portfolio of actions and projects to improve business practices
and sustainability performance. It helps businesses design and execute an action plan to
achieve the most cost-effective improvements. Each action comes with information such
as associated cost, performance improvements, long term cost savings, responsibilities
and timelines. These criteria can be easily extended to include any project detail with
custom fields. An action overview report displays all collected action information, including
energy and cost savings per year, as well as a payback calculation. 

9
CHAPTER 4:
THE RIGHT TECHNOLOGY DRIVES
OPERATIONAL EXCELLENCE 
In today’s business environment, data means power. It is a corporate asset that can inform
better business decisions, improve marketing campaigns, optimize business operations
and reduce costs, with the goal of increasing revenue and profits. It is not only a catalyst for
increasing returns on assets, it’s the key to a successful net-zero transition, as it goes beyond
commitment to facilitate action and change. Without accurate data on an organization’s total
emissions footprint, net-zero targets become meaningless.  

Enterprise data is expected to grow by 42.2% each year according to a survey by Seagate and
IDC². But only 32% of enterprise data is used — meaning most of the information collected is
underutilized. This points to the biggest challenge companies currently face related to data:
management. The lack of proper data management can leave organizations with incompatible
data silos, inconsistent data sets and data quality issues. It limits their ability to run business
intelligence and analytics applications and can lead to poor business decisions. The Seagate
and IDC survey identifies five common barriers to working with data: 

MAKING COLLECTED DATA USABLE 39%

MANAGING STORAGE OF COLLECTED DATA 37%
ENSURING NEEDED DATA IS COLLECTED 36%
ENSURING SECURITY OF COLLECTED DATA 35%
CREATING THE VARIOUS SILOS COLLECTED DATA AVAILABLE 30%
Figure 2: Seagate and IDC survey

Big Data  

Companies need technologies to help break down barriers. However, collecting, managing
and disclosing company data is a big task. The days of depending on Excel and SharePoint
are over. Companies need to provide a transparent, auditable trail to ensure accurate and
repeatable results. Defensible ESG reporting requires the effective use of technology.
Therefore, it’s essential to choose the right applications and processes to collect, analyze
and report the right sustainability data. This helps companies fully understand where emissions
are coming from and what opportunities exist to reduce them. Big data is a commonly used
buzzword, but it’s more than just an innovative way of analyzing data. Rather, it provides the
opportunity to use untapped potential and sets the stage for other innovative technologies,
such as artificial intelligence, machine learning, data warehouses and data lakes. 

With its deep data management expertise, Sphera is leading the transition from manual
data collection to automated data aggregation at higher intervals and higher granularity for
better decision-making. The introduction of the latest big data processing techniques makes
it possible to manage more data sets than traditional data processing software. Additional
features such as utility bill and meter data proration and rule-based gap filling make
SpheraCloud Corporate Sustainability a leader in innovative sustainability solutions.

10
 Reliable, High-Quality GHG Emissions Data  

Calculating your company’s GHG emission baseline, including Scope 1, 2 and 3, often involves
emission factors derived from different data sources. Often these sources use varying collection
methods and update cycles. SpheraCloud Corporate Sustainability software makes this easy with
consolidated, up-to-date emissions factors embedded directly into the platform. Flexible, real-time
analytic metrics provide accurate GHG emissions calculations. The integrated Impact Libraries offer
emission factors from external data sources such as Defra, IEA, EPA, IPCC and GHG Protocol, as
well as Sphera LCA databases (GaBi). This ensures your business is using high-quality, extensive
data sets for a fact-based and science-driven approach to GHG emissions calculations. Additionally,
custom factors can be incorporated in the Impact Libraries.
 
The SpheraCloud Corporate Sustainability software offers a prepackaged GHG Scope 3 emission
factors library with frequently used material factor sets for purchased goods and services, based
on existing Scope 3 projects. Additional category data sets can be added based on demand.  

Examples of Scope 3-Related Data

and Emissions Calculation   

Carbon dioxide emissions related to employee

business travel are a common Scope 3
emissions category. The dramatic drop in
business travel in 2020 due to the COVID-19
pandemic has allowed many companies to re-
evaluate business travel practices. The number
of companies interested in reducing their
emissions from business travel is growing. 

Before companies can take effective

countermeasures, they must understand the
impact by recording and evaluating flight data
correctly. Then they must determine how to
reduce the emissions associated with business

travel. Fly less? Reduce emissions directly by flying on Sustainable Aviation Fuel (SAF)? Purchase
carbon credits through proven carbon offset programs? The Sphera Flight Distance Calculator
allows companies to collect, manage and calculate flight data based on the destination airport and
travel class. Impact factors are user-defined based on the software’s embedded Impact Library,
which helps precisely calculate the carbon footprint of each trip. 

All embedded emission factors are updated annually to ensure consumption data is relevant. Users
are automatically informed when updates are available, and they can decide when to load them. 

Implementation and Consulting Services   

The SpheraCloud Corporate Sustainability enterprise solution is comprehensive and flexible, to fit
the changing needs of companies with more specific and diversified reporting requirements. Our
experienced implementation consultants not only deliver tailor-made system configuration, but also
advise on how to best adopt various reporting requirements. Sphera’s experts guide organizations
through the process—starting with scope definition, system design and user acceptance testing—all
the way to final configuration, training and system go-live. Sphera’s consultants are domain experts
on sustainability reporting and GHG accounting and they support their clients with best practice
advice. This includes guidance on content of reporting frameworks, selection of appropriate
emission factors and integration of different reporting schemes into one solution.

With SpheraCloud Corporate Sustainability Foundations, Sphera offers an agile, pre-configured

solution for data collection and reporting related to ESG metrics (as defined by GRI, CDP, TCFD,
SASB and SECR). It requires only minimal configuration and adaptation, all provided by Sphera’s
implementation experts.
11
CHAPTER 5:
WHY CUSTOMERS AND EXTERNAL PARTIES
PREFER SPHERA  
For almost 20 years, SpheraCloud Corporate Sustainability software has been pushing the
frontiers of sustainability performance management to deliver quantifiable business value
to clients. The software is robust, mature and a proven enterprise-class solution. Nearly 200
global companies from many different sectors rely on SpheraCloud Corporate Sustainability
to report their sustainability data and achieve improved sustainability performance. 

12
 Cost-Efficient Reporting Process   Credible Communication for a Better Brand
SpheraCloud Corporate Sustainability software
helps minimize the time spent on cumbersome
data gathering by offering accessible data
collection and business insights via powerful
and intuitive analytics. This lets sustainability
professionals focus their time on activities that
create value.     among key customer groups.
Cost Savings Through Increased
Performance 
Efficient management of energy, resource,
water or waste performance can significantly
drive down operational costs. The way to get
there is monitoring performance, benchmarking
it internally and externally and assessing
opportunities for improvement, allowing for
faster and better decisions. Existing customers
have reduced roughly 20% of annual building
energy consumption, resulting in more than USD
500,000 of savings in just six months. In recent
years, businesses have seen energy savings up
to 17% for suppliers, according to internal
project documentation.³  
13
 
The software allows for full documentation of
data input quality and performance against
targets, and helps companies understand how
they perform against direct competitors. This is
key for developing a brand, managing stakeholder
relations and creating a positive perception
Employee Motivation and Engagement 
Companies that perform well by ESG metrics
are generally more successful at attracting
and engaging talent, too. This is a significant
competitive advantage in today’s labor market,
particularly as skill gaps emerge in some
industries. Nearly 70% of workers are more willing
to apply for and accept positions from companies
that prioritize sustainability, according to
a recent IBM survey. At the same time, a
motivated and engaged workforce can boost
company performance significantly.
 C A S E S T U D Y

Sustainability at ista
Help people make their contribution to climate protection.

Sustainability at ista - Corporate Sustainability

OVERVIEW
Case Study
ista has an extensive understanding of sustainability and is committed
ista
to not only has an
taking extensive
ecological andunderstanding oftosustainability
social action, but empowering and is
others tocommitted
do so as well.
to not only taking ecological and social action, but Founded in: 1957
to empowering others to do so as well.
In support of that commitment, they set ambitious goals and needed to
measure their success. For the annual collection of sustainability data Sub-Metering Company
In support
(electricity, of thatetc.),
heating, water, commitment,
roughly 20 they
data set
setsambitious
from aboutgoals
174 and
needed to measure their success. For the annual
sites are collected, involving around 130 people. When the company collection
Essen, Germany
decided ofto sustainability data (electricity,
expand their sustainability heating,
initiatives, water, approach
the existing etc.), roughly
20 data
was no longer sets from
adequate. about
Instead of 174 sitesonly
focusing areoncollected, involving
data collection
and reporting,
around ista
130also neededWhen
people. to analyze the existing
the company data toto
decided improve
expand
future performance. € 908.8 million
their sustainability initiatives, the existing approach was no Revenue
longer
ista decided adequate.
to invest Instead to
in technology ofimprove
focusing only on data
management of collection 5,500+
their sustainability initiatives. They chose SpheraCloud’s Corporate data to
and reporting, ista also needed to analyze the existing Employees
improve
Sustainability futureforperformance.
software its intuitive design and comprehensive
22 Country
sustainability functionality, including the critical emission factor
Organizations Globally
databasesistathe solutiontooffers.
decided invest in technology to improve management
of their sustainability initiatives. They chose Sphera’s
In addition, Sphera (formerly thinkstep/PE International) was well
Corporate Sustainability software for its intuitive design and
known in the market for its expertise in sustainability.
comprehensive sustainability functionality, including the
critical emission factor databases the solution offers.

Performance Improvement at ista CHALLENGES

ista invested in technology to improve the management of their sustainability initiatives The
company selected SpheraCloud Corporate Sustainability software for its intuitive design
and comprehensive sustainability functionality, including embedded critical emission factor
databases. It implemented compliance and control functionality with an extended rule set to
further improve data quality, significantly reducing revisions and reporting time. To derive further
insights from data and improve overall performance, ista added the targets and actions module
Extensivefor detailed specification of planned measures, related costs and resulting benefits. ista regularly
174 sites Plausibility Lackin ofits tools
and
measures progress against
time-consuming set across
targets using the software and reports its achievements
annual sustainability27
data collection different
report on thesubsidiaries
ista website.  checks for analytics and advanced
required to improve planning features
via Excel and e-mail
data quality

®2020 Sphera. All Rights Reserved.

14
 WHY SPHERA?
As ESG reporting continues to gather steam, new startups and software giants alike
are flooding the market with sustainability offerings. But not all solutions can offer the
extensive market experience and sustainability expertise of Sphera. Built with sustainability
at its core, Sphera is well positioned to help organizations all over the world realize efficient
ESG strategies focused on decarbonization and net-zero goals. Our platform delivers a
purpose-built software solution, as well as deep, sector-specific sustainability consulting
skills and reliable and relevant, industry-based sustainability data.

We believe SpheraCloud Corporate Sustainability software, built by sustainability experts

and based on deep knowledge and a broad customer experience, is the most powerful
software platform available for navigating the changing regulatory environment and its
associated challenges. 

15
SUMMARY
From Best-In-Class Sustainability and ESG Reporting to
Performance Management 

Though opinions differ on how climate change will affect investors and
companies, one thing is certain: Mandatory reporting of climate-related
disclosures is quickly approaching. More than ever before, businesses
must be transparent and able to back up sustainability and ESG
commitments with auditable, transparent data.  

SpheraCloud Corporate Sustainability software provides a robust solution-

at-scale for all organizations. With SpheraCloud Corporate Sustainability,
companies can easily respond to a multitude of ESG reporting frameworks
and stakeholder initiatives, satisfying increased investor interest in ESG
performance. The platform enables companies to transparently provide
sustainability information to complement financial reporting, using
insights to improve corporate sustainability performance and execute
a sound net-zero strategy. 

16
SOURCES
1. https://www2.deloitte.com/content/dam/Deloitte/us/
Documents/audit/us-esg-preparedness-disclosures-
reporting-requirements.pdf
2. https://www.seagate.com/files/www-content/our-story/
rethink-data/files/Rethink_Data_Report_2020.pdf
3. Internal project documentation

Sustainability Reporting Frameworks and Standards

• GRI - Global Reporting Initiative

• CDP - Carbon Disclosure Project
• SASB - Value Reporting Foundation SASB Standards
• DJSI - Dow Jones Sustainability Indices
• TCFD - Task Force on Climate-related Financial
Disclosures
• MSCI

About Sphera
Sphera is the leading provider of Environmental,
Social and Governance (ESG) performance and
risk management software, data and consulting
services with a focus on Environment, Health,
Safety & Sustainability (EHS&S), Operational Risk
Management and Product Stewardship.

www.sphera.com

For more information contact us at:

https://sphera.com/contact-us

®2022 Sphera. All Rights Reserved.