Sustainability Software: Double Materiality in the Context of the CSRD
The concept of “double materiality” has become central to corporate sustainability reporting.
The concept of “double materiality” has become central to corporate sustainability reporting.
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MOUNTAIN VIEW, Calif., 24 February 2022 — Locus Technologies, the leading EHS Compliance and ESG software provider, was awarded a 16th consecutive award from Environmental Business Journal (EBJ) for growth and innovation in the field of Information Technology in the environmental software with particular focus on ESG.
EBJ is a business research publication providing strategic business intelligence to the environmental industry. Locus received the 2021 EBJ Award for Information Technology by growing and innovating its unified EHS compliance and ESG software platform.
In 2021 Locus took a leading market position in the fast-growing space of ESG software. Locus’s ESG SaaS covers carbon data aggregation via a powerful visual calculation engine, investor-grade emissions calculations audit capabilities, reporting to multiple standards from a single data set, integration APIs, dashboards, and carbon reduction goal setting and tracking. This separates Locus from competitors as customers demand integrated net-zero ESG software that supports investor-grade data in disclosure rules such as the EU’s corporate sustainability reporting directive, mandatory TCFD reporting, and anticipated SEC action on climate disclosures.
In 2021 Locus continued to expand its ESG SaaS to include built-in business intelligence tools allowing for interactive, actionable insights into EHS and ESG data, forecasting tools to predict future ESG reporting, APIs linking to utility meters, and interfaces with other Locus and third-party systems that house ESG data. Locus’s ESG application is focused on “enter once, report many times.” The gold standard for multinational enterprises with many locations worldwide is to have a system configured to report to multiple organizations and many standards from a single dataset. Essential built-in reporting in the Locus ESG app includes state or federal regulations, internal CSR, and ESG based on whatever standard their organization adheres to, such as CDP, GRI, SASB, TCDF, or more recent World Economic Forum (WEF) attempt to standardize many voluntary standards.
Locus also expanded its ESG consulting expertise by becoming the first and only software provider to offer accreditation services under new Oregon DEQ guidelines requiring third-party verification for GHG and CFP programs.
Besides strong growth in ESG space, Locus also continues to lead the software for water quality management market with the addition of new SaaS customers in 2021, such as the City of Hillsboro, Oregon for water quality management and Westinghouse Electric Company for control of environmental and radionuclides data, cementing Locus’s market leader position in the space of nuclear facilities.
“Locus’s investment in integrated carbon management software and EHS compliance is paying off. As one of the early SaaS leaders in net-zero digital solutions for ESG reporting, Locus continues to provide value to companies that want to be credible with their carbon reporting and sustainability software.,” said Grant Ferrier, president of Environmental Business International Inc. (EBI), publisher of Environmental Business Journal.
“We would like to thank EBJ for recognizing Locus for a 16th consecutive year and for taking note of our industry-leading ESG software. We aim to continue expanding our software offerings to customers in 2022,” said Wes Hawthorne, President of Locus Technologies.
MOUNTAIN VIEW, Calif., 9 February 2021 — Locus Technologies, the leading provider of EHS Compliance and ESG software, was awarded a 15th consecutive award from Environmental Business Journal (EBJ) for growth and innovation in the field of Information Technology in the environmental industry.
EBJ is a business research publication providing strategic business intelligence to the environmental industry. Locus received the 2020 EBJ Award for Information Technology by growing and innovating their Software as a Service (SaaS) and related services.
Among the key drivers for Locus in 2020 was providing vital solutions to essential organizations during the earliest stages of the COVID-19 pandemic. Locus provided fully digital waste tracking and the tools needed for groundbreaking work in embodied carbon relating to construction projects for the Port Authority of New York and New Jersey, a potentially industry-transforming innovation.
Water utilities used Locus software to deliver over 150 billion gallons of clean water to tap, the equivalent of 235,000 Olympic-size swimming pools, for over five million consumers. Utilities also benefited from newly released Locus tools such as the direct XML export to the EPA, eliminating the need for custom reporting. Locus continued its work as a third-party verifier in Low Carbon Fuel Standard and Greenhouse Gas verifications, providing verification services for over 60 facilities totaling no less than 3.2 million barrels of crude oil, 2.6 million barrels of natural gas liquids, and 88 million bottles of wine.
“Locus continues to lead the environmental industry digital transformation with its forward-thinking product set, pure SaaS architecture and unified set of EHS Applications,” said Grant Ferrier, president of Environmental Business International Inc. (EBI), publisher of Environmental Business Journal.
“We would like to express our joy and gratitude for receiving the EBJ Information Technology award for the 15th year. We look forward to continue providing our customers with pioneering unified EHS and ESG software and services in 2021,” said Wes Hawthorne, President of Locus Technologies.
SAN FRANCISCO, Calif., 23 July 2019 — Locus Technologies (Locus), the market leader in multi-tenant SaaS water quality, environmental compliance, and sustainability management, today announced that it is going all-in on Amazon Web Services, Inc. (AWS), moving its entire infrastructure to the world’s leading cloud. By moving its flagship product EIM (Environmental Information Management) to AWS this month, Locus will complete its transition to AWS. Locus previously moved its Locus Platform (LP) to AWS in 2018.
EIM is the world’s leading water quality management software used by many Fortune 500 companies, water utilities, and the US Government since 1999. Among its many features, EIM delivers real-time tools to ensure that water utilities deliver clean water to consumers’ taps and don’t discharge contaminated wastewater above allowable limits to groundwater or surface water bodies like streams, lakes, or oceans.
EIM generates big data, and with over 500 million analytical records at over 1.3 million locations worldwide, it is one of the largest centralized, multi-tenant water quality management SaaS systems in the world. With anticipated growth in double digits stemming from the addition of streaming data from sensors and many IoT monitoring devices, Locus needed to have a highly scalable architecture for its software hosting. The unmatched performance and scalability of AWS’s offerings are just the right match for powering Locus’ SaaS.
Because of the scope of its applications, Locus is expecting to leverage the breadth and depth of AWS’s services (including its database systems, serverless architecture, IoT streaming, blockchain, machine learning, and analytics) to automate and enhance the on-demand EHS compliance, sustainability, facility, water, energy, and GHG management tools that Locus’ software provides to its customers.
Running on AWS’s fault-tolerant and highly performant infrastructure will help support Locus’s everyday business, and will scale easily for peak periods, where reporting demand such as GHG calculation engine or significant emissions incidents like spills can skyrocket scalability demand.
By leveraging Amazon CloudFront, Amazon Virtual Private Cloud (Amazon VPC), Amazon Elastic Kubernetes Service (Amazon EKS) and AWS Lambda, Locus is migrating to a microservices architecture to create more than 150 microservices that independently scale workloads while reducing complexity in the cloud, thereby enhancing every element of the customer cloud experience. Locus built a data lake on Amazon Simple Storage Service (Amazon S3) and will leverage Amazon Redshift to analyze the vast amount of data it is storing in the cloud, delivering insights and predictive analytics that uncover chemicals trending patterns and predict future emissions releases at various locations.
Locus intends to leverage AWS IoT services and Amazon Managed Blockchain by building a new native integration to help businesses generate value from the millions of events generated by connected devices such as real-time environmental monitoring sensors and environmental treatment systems controls. AWS IoT is a set of cloud services that let connected devices easily and securely interact with cloud applications like EIM and Locus Platform and other devices. Locus IoT Cloud on AWS allows customers to experience real-time emissions monitoring and management across all their connected sensors and devices. And for customers who want to allow multiple parties to transact (e.g. GHG trading) without a trusted central authority, AWS provides a fully managed, scalable blockchain service. Amazon Managed Blockchain is a fully managed service makes it easy to setup, deploy, and manage scalable blockchain networks that Locus intends to use for emissions management and trading.
For example, a water utility company that maintains thousands of IoT-enabled sensors for water flow, pressure, pH, or other water quality measuring devices across their dispersed facilities and pipeline networks will be able to use Locus IoT on AWS to ingest and manage the data generated by those sensors and devices, and interpret it in real time. By combining water sensor data with regulatory databases, water utility companies will be able to automatically create an emergency shutdown if chemical or other exceedances or device faults are detected and as such, will be better prepared to serve their customers and environment.
By combining the powerful, actionable intelligence in EIM and rapid responsiveness through Locus Platform with the scalability and fast-query performance of AWS, customers will be able to analyze large datasets seamlessly on arrival in real time. This will allow Locus’ customers to explore information quickly, find insights, and take actions from a greater variety and volume of data—all without investing the significant time and resources required to administer a self-managed on-premises data warehouse.
“After 22 years in business, and after evaluating AWS for a year with our Locus Platform, we decided to switch and continue all our business on AWS. We are taking advantage of their extensive computing power, depth and breadth of services and expertise to develop an effective cloud infrastructure to support our growing business and goal of saving the planet Earth by providing and managing factual information on emissions management, all the while reducing operational costs of Locus’ customers,” said Neno Duplan CEO of Locus. “By operating on AWS, we can scale and innovate quickly to provide new features and improvements to our services – such as blockchain-based emissions management – and deliver exceptional scalability for our enterprise customers. With AWS, we don’t have to focus on the undifferentiated heavy lifting of managing our infrastructure, and can concentrate instead on developing and improving apps and services.”
“By organizing and analyzing environmental, sustainability, and water quality information in the cloud, Locus is helping organizations to understand the impact of climate change on drinking water,” said Mike Clayville, Vice President, Worldwide Commercial Sales at AWS. “AWS’s unmatched portfolio of cloud services, proven operational expertise, and unmatched reliability will help Locus to further automate environmental compliance for companies ranging from local water utilities to multinational manufacturing corporations, to federal government research agencies. ”By choosing to go all-in on AWS, Locus is able to innovate and expand globally, developing new solutions that will leverage comprehensive analytics and machine learning services to gain deeper insights and forecast sustainability metrics that will help deliver clean drinking water to consumers around the world.”
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Locus Technologies provides cloud-based environmental software and mobile solutions for EHS, sustainability management, GHG reporting, water quality management, risk management, and analytical, geologic, and ecologic environmental data management.