About Trace3 Trace3 is an elite technology consultancy that provides IT strategy, solutions, and services to the world’s most admired companies, and empowers organizations to embrace the ever-changing IT landscape. Trace3 helps customers build, migrate, and operate their enterprise IT…Read full success story
WatchWire by Tango Supports Trace3’s Sustainability Reporting Process
Trace3 is an elite technology consultancy that provides IT strategy, solutions, and services to the world’s most admired companies, and empowers organizations to embrace the ever-changing IT landscape. Trace3 helps customers build, migrate, and operate their enterprise IT on-prem or in the cloud. They recognize that data is the number one asset on any business’s balance sheet, making the management of massive amounts of data circulating in spreadsheets tantamount to business success. Overall, formulating a data strategy, and an efficient intelligence and security posture is key in order to succeed.
Trace3’s Long-Term Goals
In recent years, Trace3 made the decision to focus on sustainability and reporting because they believed it was a core piece of their company’s mission statement of lifting communities. Further validating their intentions, Trace3 began to recognize that there was an underlying need for greater ESG and sustainability reporting information across multiple client criteria and RFPs under the scope of their operations. In response, Trace3 began developing an ESG program internally, and are continuously committed to improving their environmental reporting processes. They proactively structured a team around Facilities Management and Sustainability so they could formalize the process of collecting utility data and set a benchmark to base their sustainability performance on. In the process of acquiring sustainability data for the first time, they came to realize just how extensive and difficult to manage ESG data can be – the data needed to be gathered from disparate sources was siloed across teams hindering the flow of information, and data was often lacking cohesion and completeness. To meet reporting deadlines in 2022, they faced unexpected burdens on time and resources in order to manually deliver the data needed for reports like CDP, Ecovadis, and SBTI.
Trace3 remains committed to strengthening their sustainability performance and increasing efficiency. This is where WatchWire came in. Not only did WatchWire support their data needs, but it freed up time for their team to get to work on writing an environmental policy, and submitting sustainability reports, which will aid in the long-term goal of setting SBTI-certified goals. Trace3’s COO, Danny de Hoyos, stated “ESG isn’t just a set of principles; it’s the compass that guides Trace3’s mission towards a sustainable and prosperous future for everyone. Our partnership with Watchwire has been fundamental to our success, illuminating the path towards sustainable excellence with precision and purpose.”
How WatchWire Supports Trace3’s Goals
WatchWire supports Trace3 in every step of their sustainability journey. Starting with automated utility invoice data, WatchWire helped Trace3 eliminate error-prone manual data efforts and develop an assured process that catches and alerts of any errors or missing data. Additionally, WatchWire helped Trace3 submit their CDP report for the second year, expecting much better results when they are released later this year. Finally, Trace3 plans to utilize WatchWire’s goal-tracking features to enable transparent reporting to their internal and external stakeholders once their long-term sustainability goals are set.
The WatchWire team is excited to support Trace3 on their sustainability journey. We value their company’s commitment to sustainability. WatchWire by Tango’s EVP of Energy and Sustainability Solutions, Andy Anderson states, “In partnering with Trace3, we hope to bring further light to the integral role of quality data in corporate sustainability efforts, encourage new companies who may feel that the scope and breadth of sustainability data and looming sustainability reporting regulations are too daunting, and to start their reporting journeys with greater confidence, accuracy, and ease.”
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