3 Environmental KPIs Your Business Should Monitor
Your business is already using business management software to track financial and operational key performance indicators – but what about your environmental impact?
Your environmental performance is essential to business sustainability and can be measured in different ways using your ERP or KPI software. Here are the most critical environmental KPIs you should monitor, as indicated in sustainability initiatives like the Global Reporting Initiative (GRI).
Greenhouse Gases (GHGs)
The most popular environmental KPI, Greenhouse Gases (GHGs), tracks air emissions and the impact of carbon emissions released through the core business operations, such as production, transport or logistics.
Your business should monitor GHGs to maintain and reduce its carbon footprints to acceptable levels deemed by international compliance regulators, government and stakeholders.
ENVIRX enables organisations to manage their risk based material environmental impacts in an integrated manner, enabling GRI G4 en standard management and reporting requirements according to the processes defined in the ISO 14001: 2015 standard. ENVIRX uses the same dynamic framework to measure, trend and report on their impact area, i.e. materials, water, energy, biodiversity, effluents and emissions amongst others.
Tacking utilities usage closely – such as electricity and water – is the first step to measure your organisation’s impact on frequently used natural resources.
It can also have a positive impact on your financial bottom line by minimising unnecessary waste and reducing associated costs. You may also consider tracking renewable energy use as part of environmental sustainability.
A key component of environmental performance is the monitoring of the waste your business generates regularly. It includes both hazardous and non-toxic waste, from the raw materials used to the final product shipments.
For example, high levels of toxic waste are a good indicator of reduced efficiency in managing resources and need re-evaluation to mitigate environmental damage. You should also keep records of the costs associated with waste removals and include recycling initiatives to minimise the burden.
ENVIRX, part of the XGRC Software product range, enables organisations to manage their risk-based material environmental impacts in an integrated manner. ENVIRX is built on GRI G4 standard management and the ISO 14001: 2015 standard framework.
ENVIRX uses the same dynamic framework to measure, trend and report on their impact area, i.e., materials, water, energy, biodiversity, effluents and emissions, among others.