Streamlining carbon accounting for a leading investment firm
Man Group is a London Stock Exchange-listed multinational investment management firm, with around 1,600 employees across their fifteen global offices.
The challenge: Manual spreadsheets
Like many firms, Man Group previously met carbon accounting requirements using a manual, in-house process for gathering their activity data, undertaking emissions calculations, and staying up to date with the latest emission factors.
While Man Group were mature in their carbon accounting and reporting practices, their approach was spreadsheet-based and labor-intensive.
Implementing Ideagen Huddle into their process allows Keolis to centralize their data and create a single location for all project-related documents, providing fast and intuitive document access to multiple users simultaneously, regardless of whether they’re part of Keolis or an external stakeholder.
From quickly locating a specific contract to spotting the latest update on a document, Ideagen Huddle’s efficient search and automatic updates reduce the time and effort involved in data management – leaving the Keolis team with more time to focus on higher priority tasks.
We needed a solution that could produce audit-grade carbon accounts efficiently. As a multinational firm, operating largely in leased facilities, finding the right fit for our requirements was crucial.
The opportunity: AI-powered automation
Man Group recognized the potential of AI to transform their carbon accounting workflows, and needed a solution that could improve on existing methods while ensuring compliance with best practices, and adherence to third-party assurance standards. Ideagen Carbon Accounting’s cutting-edge carbon accounting platform met these requirements.
Implementing the solution offered Man Group a number of key benefits, including:
- Generating complete, auditable carbon accounts, ready for third-party assurance
- Freeing up time and resources with AI-driven data processing
- Staying up to date with carbon accounting best practices and emission factors
- Getting hands-on support whenever it was needed as part of a collaborative implementation process
The solution is truly innovative, and it offers an exciting opportunity for us. Their collaborative approach reassured us we’d receive the support we needed to make this transition seamless.
Key takeaways
Our automated approach is a game changer for companies like Man Group
Their global reach, sustainability standards, and net zero objectives present a challenge for efficiently delivering high-quality carbon accounts.
achieve fast, reliable and highly accurate carbon accounts they know they can trust
Time and effort spent managing data is reduced, leaving the team free to focus on high priority tasks.
Collaborate effectively
Man Group easily validated the solution’s benefits and built internal confidence for their stakeholders before a global rollout.
Simple, efficient and ready for whatever the future might bring
The solution has offered Man Group a modern, technology-driven path to transforming their carbon management processes.
The implementation: Browser-based simplicity. The results: User-friendly automation and efficiency
The launch of Ideagen Carbon Accounting’s Scope 3 solution is pipelined for release in Q3 2024, so Man Group decided to implement the platform for Scope 1 and 2 accounting first.
With our fully browser-based platform, there were no API integrations or software downloads required, making onboarding simple and seamless. Before rolling out to the entire business, Man Group chose to initially use the solution on two of their global offices, allowing himself, and data contributors within the business to build familiarity with the workflow, and confidence in the results, with dedicated support and collaboration with one of our experts.
Ideagen Carbon Accounting’s automated platform made Man Group’s carbon accounting process dramatically more efficient and will continue to enable them on their regulatory and voluntary sustainability reporting initiatives, and net zero agenda. Their emissions accounting process is now:
- Simple and user-friendly, so data contributors can be engaged in the process with less time and complexity, understand data requirements, and provide the best quality data available within the business
- Efficient for managers like Netza to understand and maximize data coverage and data quality, and manage progress towards accounts completion
- Easily auditable for their third-party assurance needs
The solution’s accurate data processing, useful notifications and clear reporting format were big pluses. It offers a modern approach to carbon accounting that we’re excited to move towards.
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