Introduction
The KEY ESG team is excited to announce the release of the new Source of Energy Consumed Auto-Calculate functionality within our platform. This enhancement is designed to streamline how you calculate and report your Source of Energy Consumed ESG metric. By automating calculations, users can significantly reduce manual effort while ensuring accurate, consistent data reporting.
Loom video demo
Watch the below Loom video to learn how to use Source of Energy Consumed - Auto metric in realtime.
Benefits of the Auto-Calculate Functionality
This new functionality offers several advantages:
Time-Saving: The auto-calculate option minimises the need for manual calculations, allowing you to focus on analysis rather than data entry.
Improved Accuracy: By relying on Scope 1 and 2 data submitted via fuel or distance-based methods, the calculation reduces errors associated with manual input.
Transparency: Users can clearly see which data points are included or excluded, helping ensure that the final energy consumption figures are accurate and verifiable.
Customisability: The platform accommodates additional entries for on-site renewable energy, steam heating, cooling, and more, ensuring flexibility in your reporting.
How to Use the Auto-Calculate Functionality
Follow these steps to use the auto-calculate functionality for the Source of Energy Consumed metric:
Prepare Your Scope 1 and 2 Data
Ensure all Scope 1 and Scope 2 data are entered using the fuel-based or distance-based methods.Data entered via supplier-specific or direct entry methods will not be included in the auto-calculation for EDCI & SFDR frameworks, and must be entered manually. You will see a blue banner under each of these methods warning you about this
Select Auto-Calculate for the Metric
When prompted, answer "Yes" to opt into the auto-calculate functionality.
Review the drop-down menus provided to see:
Excluded Data Points: Any data submitted via supplier-specific or direct entry methods.
Included Data Points: All data submitted via fuel or distance-based methods.
Provide Additional Inputs for S1/S2 supplier-specific and direct entry entries and on-site energy generation
Enter data for on-site renewable energy generation, such as wind or solar farms.
Include data for steam, heating, and cooling consumption, such as district heating methods, if applicable.
For any remaining data not covered by auto-calculation (e.g., direct entry or supplier-specific methods), input these manually to include in the overall auto-calculation.
If you do not include the above listed entries, these will not be included in the final result auto-calculation, and you may run the risk of under-reporting data
Review and Submit
Review the auto-calculated total energy consumption and proportions from renewable sources.
If satisfied, click Submit to save your results.
You can edit or delete entries as needed before finalising your submission.
Other Aspects to Be Aware Of
Avoid Double Counting: If you choose to use the auto-calculate metric, ensure you do not simultaneously input data for the manual version of the metric. Doing so will result in double-counting emissions. Therefore, please opt out of the 'Source of energy consumed - Manual' metric.
Historic Data: For prior reporting years (e.g., 2022), the auto-calculate metric will be automatically opted out. If you wish to use it for historic data, opt back in and follow the same process outlined above.
On-Site Generation and Heating/Cooling: Include all energy data from renewable generation (e.g., wind farms) and district heating or cooling systems, as these are not included automatically in the calculation.
Auto-assignment of Scope 1 & 2 metrics: If you have assigned a Data Gatherer "Source of energy consumed" metric, then they will automatically be assigned to submit data on the relevant Scope 1 and 2 metrics for your organisation.
Conclusion
The auto-calculate functionality for the Source of Energy Consumed - Auto metric aims to simplify and enhance your ESG reporting process. By leveraging this feature, you can save time, reduce errors, and ensure consistency in your energy consumption data.
For any questions or support, please contact the KEY ESG team via support@keyesg.com or reach out through the in-platform chat function.