For a Global Consumer Goods Company
For a Global Consumer Goods Company
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ESG Reporting Optimization & CSRD Readiness
A global manufacturer of consumer and professional products with a market cap of ~$18 billion was looking to enhance its ESG reporting while mitigating process gaps throughout a pending implementation of an ERP system. The enhancements desired by this leading home care brand were improving the timeliness and accuracy of ESG reporting for the current reporting year and beyond.
Lack of automation increases manual workload, therefore, potential for human error, resulting in the 6-month lead time for reporting
Lack of comprehensive data governance, policies, and an overarching ESG data collection process:
Weak source of data compromising user confidence
Addressing these challenges would not only achieve the customer’s desired enhancements to ESG reporting, but also establish best-in-class data, systems, and processes to support current and expected ESG reporting requirements (e.g., CSRD).
Lack of automation increasing increases manual workload, therefore, potential for human error, resulting in the 6-month lead time for reporting
Lack of comprehensive data governance, policies, and an overarching ESG data collection process:
Weak source of data compromising user confidence
Addressing these challenges would not only achieve the customer’s desired enhancements to ESG reporting, but also establish best-in-class data, systems, and processes to support current and expected ESG reporting requirements (e.g., CSRD).
We started with an ESG As-Is Assessment to gain clarity into current ESG reporting processes and identify areas for improvement. Results were categorized as short-term and long-term for the client to know what could be completed alongside the ongoing ERP implementation versus what could be a best-in-class ambition in the long run.
Sections
Individual Metrics
Metrics Grouping
Excel Files
Data Source
End Reports
Client Team Member
SME's
Business Team Leads
Master Data Dictionary
Data & Process Flow Chart
Output Report & Data Stories
Sections
Individual Metrics
Metrics Grouping
Excel Files
Data Source
End Reports
Client Team Member
SME's
Business Team Leads
Master Data Dictionary
Data & Process Flow Chart
Output Report & Data Stories
From the assessment, Tredence structured a robust digital foundation that ensured consistency across all markets, generated actionable insights, and drove value through predictive insights and simulations.
This foundation would be delivered through the following solution components:
Industry-standard data foundation framework to help design and development of more digital solutions
Data Engineering pipeline connecting sources to the cloud to enable data-driven decisions
To establish robust data structuring and relationships for effective analysis and reporting
To enable strong data orchestration mechanisms
Industry-standard data foundation framework to help design and development of more digital solutions
Data Engineering pipeline connecting sources to the cloud to enable data-driven decisions
To establish robust data structuring and relationships for effective analysis and reporting
To enable strong data orchestration mechanisms
Once the digital foundation was established, best-in-class ambitions could be driven through the following improvements:
Providing end-to-end oversight, coordination, and transparency into all efforts
Strategic workstreams that will build off assessment efforts to date and inform a stronger, more actionable vision
More automation and features can be onboarded to enhance important workstreams that improve the existing operating models and frameworks
Technical workstreams that target the core problem areas and gaps that prevent the client from realizing the full potential of their data capabilities
The solution unlocked the following potential for the customer:
Reduced reporting process timing by up to 75% by including automation during the enterprise-wide ERP implementation phase and introducing data revisions, models, and injection tools.
Manual involvement in reporting was cut by +50% after automation freed up more than 30 resources from the process and reduced the risk of regulatory non-compliance.
Moved 3rd-party analysis in-house to eliminate duplicate work, save costs, and allow for greater customization.
Optimized operations, reporting, and metrics to reduce time, costs, and resources, resulting in quick wins for key performance indicators (KPIs).
The solution unlocked the following potential for the customer:
Reduction in reporting process timing by up to 75% by including automation during the enterprise-wide ERP implementation phase and introducing data revisions, models, and injection tools.
Eliminate manual involvement in reporting by +50% after automation, freeing up more than 30 resources from the process and reducing the risk of regulatory non-compliance.
Movement of 3rd party analysis in-house to reduce double work, save on cost, and introduce greater customization.
Operational, reporting, and metrics optimization reducing time, costs, and resources for quick-win KPI impacts.
With Tredence's invaluable assistance, the client has successfully determined steps forward for ESG reporting enhancement in ways that align with enterprise-wide initiatives. Tredence continues to strategically consult the client on how to drive data accuracy, productivity improvement, closure of data loss/confusion gaps, and increased efficiency for ESG reporting processes. Tredence’s partnership with the client also clarifies CSRD compliance readiness and technical benchmarking against the ESG reporting of the client’s competitors and industry leaders. We are enthusiastic about our client’s continued progress toward best-in-class ESG reporting and look forward to helping them get there.
Partners like yourselves at Tredence, and obviously Databricks, Microsoft - when we’re talking about an enterprise of this size, and talking about a transformation of this size, we're really thankful for having great partnerships.
Vice President, Data & Analytics, PepsiCo
Partners like yourselves at Tredence, and obviously Databricks, Microsoft - when we’re talking about an enterprise of this size, and talking about a transformation of this size, we're really thankful for having great partnerships.
Vice President, Data & Analytics, PepsiCo
