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The GHG-Data Tsunami: The Hidden Challenge Facing Organizations

The GHG-Data Tsunami: The Hidden Challenge Facing Organizations. Jim Donovan, CEO, FirstCarbon Solutions EUEC 2010. How is GHG data management like a tsunami?. Caused by underlying events Catches you unaware Grand in scope Costly. Data management is biggest GHG challenge.

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The GHG-Data Tsunami: The Hidden Challenge Facing Organizations

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  1. The GHG-Data Tsunami: The Hidden Challenge Facing Organizations Jim Donovan, CEO, FirstCarbon SolutionsEUEC 2010

  2. How is GHG data management like a tsunami? • Caused by underlying events • Catches you unaware • Grand in scope • Costly

  3. Data management is biggest GHG challenge “Building governance and processes to ensure people accurately capture carbon emissions data is the hardest problem to solve.” • 44% have data collection issues • 38% have problems with data accuracy Source: Verdantix Green Quadrant Carbon Management Software, p. 9

  4. Why it’s so hard to manage GHG data

  5. What happens when companies get blindsided 1000s of man hours Inaccurate calculations Inefficient processes

  6. Why the C-suite should care • High-level staff doing low-level tasks • High verification costs • Reactive, not proactive • Fines and carbon taxes • Culpability for inaccurate carbon data • Carbon as competitive advantage In regulated future, carbon held to financial standards Short-Term “Environmental Problem” Long-Term“Company Problem”

  7. How to prepare for the GHG-data tsunami • Tie sustainability goals to overall business strategy • Identify factors that increase GHG complexity • High emitter subject to regulatory compliance • Previously unregulated industry / no in-house expertise • Large global enterprise • Gain perspective on where you are today • Take a multi-year view

  8. Start putting the building blocks in place

  9. Questions? Comments? Jim Donovan CEO First Carbon Solutions E-Mail: usa@firstcarbonsolutions.com Web: www.firstcarbonsolutions.com

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