Eight ways GCCs are anchoring global ESG initiatives

    ESG capabilities being built at GCCs   

From harnessing project management expertise to establishing data governance measures, harmonizing data collection processes, assessing the impact of carbon regulations, building predictive emission models, GCCs are at the forefront of sustainability innovation. For instance, an agro commodity GCC played a crucial role in streamlining data collection and monitoring processes for over 50 ESG metrics across seven business units. These metrics were integrated into the organization’s IT systems, where ESG frameworks, logics and rules were built into the organization’s data lake. 

Another GCC developed the entire framework for internal controls in data reporting. A leading alco-bev GCC designed a supplier engagement platform with interactive Power BI reports to gather and oversee GHG emissions. The platform includes self-assessment tools for suppliers and provides ways and means to improve the supplier’s ESG score. Two additional GCCs implemented processes, workflows, and monitoring systems to track circular economy metrics, such as recycling of beer bottles and insulin pins.

According to the report, 70% of GCCs are collaborating or planning to collaborate with technology and data analytics support. This involves not just improving current IT systems but also rethinking data integration methods to better incorporate ESG factors. By embracing innovative solutions, GCCs are poised to navigate the complexities of ESG integration with agility and precision.

How are GCCs anchoring the technology agenda