Nasdaq Metrio™: Demonstrating Clear ROI for Sustainability Professionals

We engage with environmental, compliance, and cyber teams who have the information to give for the report. They engage with us through material templates. [In the prior environment] they spent a work week between gathering the information from their systems and sending it to us. With [Nasdaq] Metrio this is two or three days at most.

Prior to [Nasdaq] Metrio, the carbon was essentially calculated by hand on spreadsheets annually. … It really helped to map our Scope 3, what the data needs were, what the necessary inputs were to calculate the emissions.

Our focus is on the annual sustainability report. We would spend half of the year on that. We have an early publication date when you compare to most companies, starting May, June, even July, publishing their annual reports.  So, we do it early in the year due to investor requests. … Now with Metrio everyone knows the template perfectly and what they need to provide. We have cut that to three months, basically. Half the time.

Our number one reason we got [Nasdaq Metrio] was for audit and assurance. It’s a very robust tracking of the audit log where you can see exactly who entered what, what was changed, tracking changes on it, year-over-year reporting, some auto calculations that are done there and then all the tools to approve and review.  Being able to load up all the backup documentation and have it stored in the reference library year-over-year is great.

We have smoothed relationships with external stakeholders. We have stopped receiving so many requests throughout the year. Showing investors an interactive page vs a static PDF makes the conversation go farther.

[Nasdaq Metrio] pages provide pictures of the performance every month, We know that doing this prevents us from having long appearances of performance that are not in line with objectives. This performance data is powerful enough that our team can take action and we can save on our cost of production.