ESG data collection and reporting
QSR Improves Sustainability Initiatives With Accelerated ESG Reporting Capabilities
Companies face growing pressure to minimize the environmental impact of their business practices from all sides – including customers, investors, regulators, and even boards. Yet even those with robust environmental, social, and corporate governance (ESG) initiatives often find it challenging to measure the success of their initiatives and accurately identify their impact.
This quick-service restaurant (QSR) has taken on significant sustainability and ESG initiatives but needed deeper insights into critical metrics such as carbon footprint, waste, packaging, recycling, and pay equity to enhance their overall ESG program. To address these issues, the QSR partnered with Wavicle, seeking strategic improvements in its ESG data collection and ETL practices to improve the transparency, efficiency, and accuracy of sustainability reporting.
Challenges with manual ESG data collection processes
Comprehensive ESG reporting demands data from every part of the business. A centralized data management strategy is vital for effectively evaluating initiatives that span HR, supply chain, sales, manufacturing, and more.
This QSR encountered challenges collecting relevant data and manually generating reports using labor-intensive processes. Essential data, dispersed across diverse systems, mandated meticulous extraction into Excel spreadsheets for reporting, which introduced delays and complexities. This intricate procedure not only raised operational concerns but also cast shadows on data quality and completeness.
Inefficiencies in manual processes and a lack of streamlined data integration hindered the company’s ability to easily collect crucial KPIs such as waste recycling and carbon emissions, which are critical for gauging environmental sustainability. In addition, accurate and timely ESG reporting is pivotal for stakeholders to make informed decisions that reflect the company’s commitment to responsible practices.
Recognizing the urgent need to address these challenges and enhance their ESG data practices, this QSR strategically partnered with Wavicle to update current processes, streamline data collection, and fortify the integrity of their reporting data. Ultimately, this reduced the burdens of manual operations, paving the way for a more streamlined, efficient, and trustworthy ESG reporting system.
Transformed data infrastructure for transparent ESG reporting
Wavicle updated the QSR’s data processes by building new data pipelines, unifying disparate data sources, and automating workflows. This cohesive data environment enables a comprehensive evaluation of the impact of their ESG projects at a higher level.
Previously, the absence of direct integration between data sources and the data warehouse created inefficiencies. To address this, Wavicle’s consultants connected systems to transfer data from the QSR’s existing data sources to the SQL server environment, where Talend orchestrates the ETL process and transfers the data into Salesforce Net Zero Cloud. Wavicle’s team also established a querying table, providing stakeholders with a user-friendly place to gather data for market surveys. This strategic move not only improved data accessibility but also marked a pivotal step in seamlessly integrating disparate data sources. The subsequent implementation of automated workflows further improved data processes, reducing manual efforts and enhancing the accuracy and speed of submitting data to the ESG data portal for processing.
Automating the collection and transformation of this critical data has removed the need for individual team members to handle data and send it to the ESG data portal, greatly reducing opportunities for human error. Above all, the automation of data processes enhanced the company’s ability to measure KPIs accurately and efficiently.
A reliable data landscape for collaboration across IT and business teams
Wavicle’s solution played a pivotal role in enhancing the QSR’s ability to measure KPIs for ESG reporting, increasing the trust, accuracy, and reliability of the reported data and fostering confidence among stakeholders.
The automated flow of ESG-related data eliminates a substantial amount of manual work. Unlike the previous manual process, market leaders no longer need to manually input restaurant data, as it is prepopulated from the data source. This expedites reporting timelines while liberating the internal team from repetitive, unnecessary tasks. The solution thus bolsters the reliability of reporting and empowers the internal team to elevate their performance in handling ESG responsibilities.
The new, modernized ESG data environment with streamlined processes improves the QSR’s reputation and aligns with evolving sustainability standards. Ultimately, this modernization endeavor positions the QSR as an honest, forward-looking entity committed to responsible business practices. This enables them to gain a deeper understanding of their impact, assess the effectiveness of their programs, and make decisions that contribute to the well-being of their customers, employees, and the broader environment.