CXOToday has engaged in an exclusive interview with Mr. Satish Ramchandani Co-Founder, Updapt an ESG Tech Co
1.Can you provide an overview of Updapt’s technological infrastructure and how it supports the tracking and monitoring of the ESG data lifecycle for enterprises and funds?
Updapt offers advanced SaaS solutions for robust ESG data lifecycle management, catering to mid-sized and large enterprises, as well as investment funds globally. Our platform digitises the entire ESG data management, monitoring, and reporting process, it also ensures alignment with international sustainability frameworks and standards such as GRI, SASB, CSRD, ESRS, BRSR, TCFD, CDP, DJSI and more. Key features and modules include Scope 3 recording, customizable dashboards, detailed sustainability reporting, peer benchmarking, net-zero module, value chain partner assessment tool, risk management and advanced AI and ML analytics to facilitate organisations in reaching their net-zero stargets. We also have ESG solutions for Private Equity and Lenders to manage ESG performances of their portfolio companies including financed and investment emissions.
- How does Updapt utilise SaaS solutions to compute carbon footprints for multiple sites, businesses, and portfolios, and what sets your approach apart from traditional methods?
Updapt leverages cloud-based SaaS solutions to efficiently compute carbon footprints for diverse businesses with sites across locations, utilising AI and machine learning for data analysis and automation. The detailed workflow of our ESG tools enables organisations to monitor ESG data across business segments, sites, products, processes to drive operational performance for enhancing ESG scores. Updapt also has ESG tools for Value Chain Partner assessment such as suppliers, distributors, customers which can be used to track and report ESG metrics digitally with deep data insights. This digital approach surpasses traditional methods by offering scalability, real-time monitoring, audit trails and error reduction. Additionally, our sustainability management system can be integrated with any existing ERPs, systems of clients through API connectors so that data flow can be smooth and robust.
3.Could you explain how Updapt’s analytics and reporting capabilities are aligned with global sustainability standards, and how they assist businesses in enhancing their ESG performances?
Updapt’s ESG Data management analytics and reporting tool is meticulously designed to align with global sustainability standards such as GRI, SASB, TCFD, CSRD, ESRS, BRSR, CDP, DJSI, etc. This ensures that businesses leveraging our solutions adhere to internationally recognized benchmarks are aligned to regulatory and stakeholder reporting. Moreover, our platform delivers intelligent ESG insights, predictive analytics, peer benchmarking and empowering organizations to make informed decisions aligned with their sustainability goals. Hence the tool not only facilitates compliance with global standards but also drives continuous improvement in ESG metrics with a impact on Balance Sheet performances of businesses.
4.What key technologies or methodologies does Updapt employ to ensure data accuracy, security, and integrity in its ESG tracking and monitoring solutions?
Updapt employs state-of-the-art technologies and methodologies to ensure the utmost data accuracy, security, and integrity in its ESG tracking and monitoring solutions. Our platform leverages advanced encryption protocols and secure cloud infrastructure to safeguard sensitive ESG data across the globe. Additionally, rigorous internal controls and audits, contribute to data accuracy. We prioritize compliance with global data security standards, ensuring a robust and reliable digital ESG data management and reporting tools for our clients.
- Can you share examples of successful engagements with stakeholders such as investors, rating agencies, lenders, regulators, and customers, highlighting the role of Updapt’s technology in driving positive ESG outcomes?
Updapt as a Thought Leader constantly engages with diverse stakeholders, including industry associations, lenders, regulators, and customers, playing a pivotal role in driving positive ESG outcomes for businesses. Our technology has facilitated transparent and data-driven communication, fostering trust among stakeholders.
For instance, the data insights and reports from our ESG solutions enables our client to have accomplished engagements with various stakeholders including Board, Audit Committees, Regulators, etc. With ESG metrics being an inherent part of evaluating company’s performance and risk management along with conventional financial metrics, CEOs and CFOs are using the data insights to showcase their ESG framework with Rating Agencies, Lenders, Customers with P&L benefits.
