How WatchWire Can Help Your Company Become a B Corp

In a recent blog post, we explored how your company can become a B Corp. To recap, in order to get your B Corp certification, you must complete and submit the B Impact Assessment. The assessment asks you questions and scores your company on four topics: Governance, community, environment, and customers. In this article, we’ll explore how WatchWire can help your company improve its scores in each area, and ultimately achieve B Corp status.

Governance

This section evaluates your company’s overall mission, formal policy, ethics, accountability, and transparency by asking about your integration of social and environmental goals, impact reporting and transparency, stakeholder engagement, and more.

How WatchWire can help:

• WatchWire can provide you with actionable sustainability and energy data to help you determine what environmental goals to set. Through WatchWire’s energy data monitoring and reporting capabilities, you will be able to identify areas for improvement and set concrete goals which you can then communicate to stakeholders. WatchWire offers sustainability goal tracking, so you can keep on top of your efforts and report your success to stakeholders.
• WatchWire offers sustainability reporting and integrates with most sustainability reporting frameworks, including GRESB, TCFD, CDP, and ENERGY STAR Portfolio Manager. This allows you to be fully transparent about your sustainability efforts and engage your stakeholders with relevant information.
• The WatchWire platform allows you to convert your data into easily digestible visualizations and graphs, which can then be shared with investors, clients, employees, and published in public reports.

Community

This section delves into your company’s contribution to the economic and social well-being of the communities in which it operates, through topics such as diversity and inclusion, job creation, civic engagement and philanthropy, supply chain management, and more.

How WatchWire can help:

• WatchWire provides Scope 1, 2, and 3 emissions tracking, allowing you to determine the impact of your business on supply chains. Click here to discover the methodology behind how WatchWire tracks greenhouse gas emissions.

Environment

In this section of the Impact Assessment, you will be asked about your company’s overall environmental impact, including specific topics like energy and water use, energy reduction, methods of efficient energy use, sustainability, and impacts on land and life.

How WatchWire can help:

• WatchWire offers comprehensive tracking of all your waste, water, and energy use, so you can take the B Impact Assessment armed with all the required information.
• As previously mentioned, WatchWire’s actionable data allows you to determine what energy efficiency projects to implement to reduce energy use and emissions (the lower your energy use and emissions, the higher you will score on the Impact Assessment). In addition, WatchWire offers Measurement & Verification (M&V) of efficiency projects. This allows you to determine if said projects are performing at expectation and adequately curtailing your energy use and emissions.
• To further reduce your emissions, WatchWire’s energy procurement experts can help your company switch to renewable energy through various methods, including on-site renewable technologies, renewable energy credits, and green tariffs.
• WatchWire offers peak load management and alerts, allowing you to reduce your greenhouse gas emissions by switching to renewable energy sources when the grid is peaking.

Customers

This area evaluates the value that your company creates for your direct customers and the consumers of your products or services through topics such as ethical and positive marketing, warranty and quality assurance of products and services, data privacy, data security, and more.

How WatchWire can help:

• By providing you with quality energy and sustainability data, WatchWire helps your company avoid greenwashing, allows you to be fully transparent in your marketing/sustainability reports, and improves how you engage with your customers about your overall sustainability efforts.

Connect With WatchWire

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