Data Commons for Sustainability
Gemeinsam für nachhaltiges Wirtschaften – SINE Foundation launcht mit ClimateTech Cozero erste Anwendung zum sicheren Datenteilen
SINE x Cozero Carbon Benchmarking – Launch Event
25.03.2021 | 9 Uhr
Multiple initiatives aiming to accelerate climate action have one core challenge. Carbon accounting, digital product passports, and ESG reporting — all struggle with access to granular and up-to-date primary data, such as consistent climate-relevant data on product and material level within and across value chains. Current solutions rely on insufficient third-party data focusing on averages, cumulated values, and estimates.
What is required are interoperable and secure cross-industry standards for data exchange: the Data Commons. Building on examples and use cases from the field, this paper introduces the fundamental Values and Building Blocks of Data Commons and outlines its benefits: high data quality, fast implementation speed, and general scalability — especially in complex settings with many stakeholders. By integrating the concept of Data Commons in their digital and sustainability strategies, businesses can meet upcoming explicit, implicit, legal, and financial sustainability demands and turn the challenges into immediate value creation opportunities, such as procurement optimization, supply chain coordination, and enhanced financing conditions. Beyond the benefits to individual companies and decision-makers, a Data Commons approach has the potential to accelerate the decarbonization of our economy and maintain our climate within safe limits for humanity.
Prof. Dr. Martin Stuchtey
Founder of SYSTEMIQ
"Establishing the operating system for a circular economy requires sharing of climate-relevant data within and across value chains. The Building Blocks of Data Commons provide a powerful lens to facilitate this data exchange – and thereby allow to build new types of partnerships among organizations to accelerate climate action."
Global Head of ESG Corporate Bank Deutsche Bank
"Supporting our clients on their clear pathways towards net zero is core to our sustainability strategy, which is why we actively engage in transition dialogues with our clients. While the lack of standardized and consistent ESG data presents a challenge, accurate data will be key for corporate decision-making and imperative for the risk management of financial institutions."
Co-Founder TLGG Consulting
"To accelerate the fight against climate change, we need to harness existing technological potential and enable a common use of data. By establishing interoperable and secure cross-industry standards for data exchange, the Data Commons will foster a much-needed technology-based approach to climate action."
Co-Founding Member SINE Foundation
"Our use cases show that Data Commons allows leadership in business, finance, and policy to act in concert to reduce emissions and create new business models. Contributing to consciously designed governance mechanisms, code and algorithms will accelerate the transition towards a regenerative market economy."