{"id":42514,"date":"2024-08-01T03:00:00","date_gmt":"2024-08-01T03:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2024\/08\/01\/concept-4-partners-with-palo-it-to-streamline-esg-reporting-for-business\/"},"modified":"2024-08-01T03:00:00","modified_gmt":"2024-08-01T03:00:00","slug":"concept-4-partners-with-palo-it-to-streamline-esg-reporting-for-business","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2024\/08\/01\/concept-4-partners-with-palo-it-to-streamline-esg-reporting-for-business\/","title":{"rendered":"Concept 4 Partners with PALO IT to Streamline ESG Reporting for Business"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>        HONG KONG SAR &#8211;<br \/>\n<a href=\"https:\/\/www.media-outreach.com\" rel=\"sponsored\">Media OUtReach Newswire<\/a> &#8211; 1 August 2024 &#8211; Global digital innovation and software developer, PALO IT Hong Kong Limited has announced a partnership with Concept 4 Group to accelerate its sustainability efforts. By leveraging<br \/>\n<a href=\"https:\/\/www.palo-it.com\/en\/services\/esg-data-platform\" rel=\"sponsored\">PALO IT&#8217;s Impact Tracker,<\/a> Concept 4 can gain a 360\u00b0 view of environmental performance to support ESG-related strategic decision-making.<\/p>\n<p>Established in 2003, Concept 4 is B-Corp certified global fashion and cosmetic company offering a one-stop-shop for sourcing, designing, and developing high quality GWPs, primary and secondary packaging, cosmetics, and lifestyle products. Headquartered in Hong Kong, Concept 4 also operates in China, India, France, and the USA.\n<\/p>\n<p>As part of the commitment to sustainability, Concept 4 embarked on their Science Based Targets initiative (SBTi) journey. PALO IT was engaged to develop a solution to optimize its ESG journey as follows:\n<\/p>\n<ul>\n<li>\n    <b>Identifying data sources \u2013 <\/b>PALO IT provided a snapshot of the current ESG maturity level, highlighting areas requiring more data, and defining KPIs in line with sustainability targets.\n  <\/li>\n<li>\n    <b>Ingesting data into the repository &#8211; <\/b>800 data transformation rules across 10 countries were created to manage the data inconsistency issues. Concept 4 can now calculate Scope 1, 2 and 3 emissions covering 90% of their turnover.\n  <\/li>\n<li>\n    <b>Building dashboards and automating processes<\/b> &#8211; The dashboards include both automated (ERP, PLM) and manual functions, plus surveys for additional data. This multi-faceted view equipped the company to monitor metrics across 2,500 products and align its business with CSRD reporting frameworks.\n  <\/li>\n<li>\n    <b>Meeting ESG transparency demands &#8211; <\/b>Concept 4 can now automate their carbon accounting process, gaining visibility across carbon subcategories. They can identify carbon reduction opportunities, and transform 200+ supplier contracts to meet client demands for ESG transparency.\n  <\/li>\n<\/ul>\n<p>Commenting on the project, Pascal Vieilvoye, CEO\/ CFO &amp; Cofounder of Concept 4, said &#8220;In today&#8217;s world, sustainability is no longer a choice, but a necessity. To shape a better tomorrow, we must recognize the value of data and the power it holds. By implementing the<br \/>\n<a href=\"https:\/\/www.palo-it.com\/en\/services\/esg-data-platform\" rel=\"sponsored\">Impact Tracker<\/a>, Concept 4 can now pave the way for meaningful action and create a sustainable future that benefits us all.&#8221;<\/p>\n<p>&#8220;At<br \/>\n<a href=\"https:\/\/www.palo-it.com\/en-hk\/\" rel=\"sponsored\">PALO IT<\/a>, we prioritize sustainability in every project, ensuring it adds value for our clients,&#8221; said Fabrice Bayon, Managing Director Hong Kong, PALO IT. &#8220;We not only champion innovative projects, but also make sure each initiative contributes meaningfully to our planet and society. PALO IT is proud to support Concept 4 in driving positive change through the power of tech.&#8221;\n<\/p>\n<p><a href=\"https:\/\/www.palo-it.com\/en\/services\/esg-data-platform\" rel=\"sponsored\">Impact Tracker<\/a> is an all-in one ESG data platform to accelerate the delivery of ESG reporting. The AI-powered solution empowers organizations in measuring, managing and maximizing their impact on the triple bottom line: people, planet, profit.\n<\/p>\n<p><a href=\"https:\/\/www.palo-it.com\/\" class=\"social-media-link\"><img loading=\"lazy\" style=\"margin-right: 7px;vertical-align: middle;display: inline-block !important;width: 24px\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/generic_link.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\"\/>https:\/\/www.palo-it.com\/<\/a><br \/><a href=\"https:\/\/www.linkedin.com\/company\/2452379\/\" class=\"social-media-link\"><img loading=\"lazy\" style=\"margin-right: 7px;vertical-align: middle;display: inline-block !important;width: 24px\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-linkedin-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\"\/>https:\/\/www.linkedin.com\/company\/2452379\/<\/a>            <\/p>\n<p><b>Hashtag: <\/b>#PALOIT #Concept4 #ESG #ESGReporting #Business #ESGDataOrchestration #DataManagement #SustainableTransformation<\/p>\n<p>\n            <em>The issuer is solely responsible for the content of this announcement.<\/em>\n        <\/p>\n<p>        <img loading=\"lazy\" src=\"http:\/\/track.media-outreach.com\/index.php\/WebView\/314694\/4121\" alt=\"\" width=\"1\" height=\"1\" style=\"width:1px;height:1px;\"\/>\n    <\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/hong-kong-sar\/2024\/08\/01\/314694\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211; Media OUtReach Newswire &#8211; 1 August 2024 &#8211; Global digital innovation and software developer, PALO IT Hong Kong Limited has announced a partnership with Concept 4 Group to accelerate its sustainability efforts. By leveraging PALO IT&#8217;s Impact Tracker, Concept 4 can gain a 360\u00b0 view of environmental performance to support ESG-related &hellip;<\/p>\n","protected":false},"author":1,"featured_media":42515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/42514"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=42514"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/42514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/42515"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=42514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=42514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=42514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}