Partner: Simfoni

Simfoni provides spend analytics and spend automation products to leading global enterprises.

Client:

Global Oil & Gas Operator

Requirements:

Comply Corporate Sustainability Reporting Directive (CSRD) to satisfy shareholder requirements.

Project:

In partnership with Simfoni, a global spend analytics business, we were asked to analyse USD7.3bn of supplier transactions ranging from major infrastructure purchases, specialist industry related items and international business travel.

Our team investigated nearly 800,000 individual line items from 1,500 suppliers in 32 countries. 

Our approach was a multi-phased program, initially focussed on spend-based analysis to reveal the largest spend categories and suppliers with the highest potential Scope 3 emissions savings. This approach enabled the client to comply with the minimum requirements of legislation, opening up additional investment funding. 

We then delivered a hybrid based approach, combining both spend based and activity based to improve the accuracy of the emissions reporting. more detailed, activity based analysis resulting in larger potential savings to be identified. 

For the largest emitting categories and suppliers, our team used real operational metrics to calculate emissions tied directly to business activities providing greater accuracy and transparency in emissions reporting and reduction opportunities.

Outcome:

Our analysis identified the highest emitting categories and suppliers and recommended emissions hotspots with the highest potential savings impact. This approach aligned to a cost reduction program and supported the client’s requirement to access additional public and private funding.