The starting point
iLOQ is committed to taking a holistic approach to sustainability. They want to look at all the environmental, social, and governance factors in their daily operations, across their entire supply chain, and throughout the lifecycle of their solutions. This kind of approach requires access to detailed data in real-time and in a transparent manner. Making emission calculations by hand once a year at the end of the fiscal year would be clumsy, laborious and expensive. The company needed to get a full picture of its overall climate impact. At this point, they partnered with Snowfox.AI and Carbonfox.
”Using artificial intelligence, we are able to obtain a comprehensive and continuously updated view of our supply chain carbon footprint and use this data to manage the reduction of our value chain carbon emissions.”
Erja Sankari, Chief Operating Officer, iLOQ
Implementation process
The implementation process started swiftly and smoothly. iLOQ provided the data quickly, which allowed both iLOQ and Snowfox.AI to understand the big picture from the get-go. Since the Carbonfox implementation, we have worked closely together to enrich the data, develop analytics to match both internal and external reporting, add more data sources to improve the coverage along the value chain, validate the methodology with an external third-party, and involve people from various functions (such as the executive committee, R&D, finance, sales, corporate responsibility,and procurement).
Results
Using purchase-invoice data and artificial intelligence, iLOQ now manages its GHG
scope 1-2-3 data. Their latest sustainability report utilizes calculations and data from Carbonfox. The information allows iLOQ to take a proactive role in the reduction of carbon emissions in their value chain from start to finish. This is an entirely new approach for iLOQ and strategic investment. With the service, their reporting and planning activities will improve, giving them a significant competitive advantage.
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