EUSPA Highlights SeaCras as Leading Provider in Sustainable Marine Resource Monitoring in EU Space for Green Transformation 2023 Report
SeaCras was highlighted as a leading provider in sustainability and ESG data sectors for marine resources monitoring in EU Space for Green Transformation 2023 Report, issued by EU Agency for the Space Programme (EUSPA)!
The core mission of EUSPA is to carry out the EU Space Programme, delivering dependable, safe, and secure space-related services while maximizing their socio-economic advantages for European society and businesses.
To support a more sustainable society and improve ESG scores, companies are establishing green transformation goals aimed at reducing greenhouse gas emissions and minimizing the environmental impact of their operations, while also promoting these initiatives to attract customers and expand their market presence — many companies are pushing in this direction developing products specifically targeted to the ESG parameters assessment, with SeaCras being among them.
A growing social awareness focused on “saving the planet” has driven efforts toward a more sustainable society and economy. Companies viewed as environmentally responsible are more likely to attract new customers, investors, and employees. Also, potential investors may shy away from companies associated with poor environmental practices, avoiding any negative brand association.
A valuable tool for assessing a company’s performance in environmental impact and broader social efforts beyond its core business is ESG scoring. ESG, which stands for environmental, social, and corporate governance, evaluates a company’s commitment to these goals in three key areas:
- Environmental criteria consider factors like a company’s energy consumption and waste, resource management, carbon emissions, and contributions to addressing climate change.
- Social criteria focus on the company’s relationships and reputation within its communities, including fair treatment of employees, and its commitment to diversity and inclusion.
- Governance criteria involve the internal practices, controls, and procedures that guide a company’s management and accountability.
Driven by evolving regulations in non-financial reporting, environmental monitoring for ESG scoring is a promising and emerging field still in its early stages, making it well-positioned to adopt innovative methods and fresh approaches. In this context, space data can offer valuable benefits, and Copernicus data, in particular, has the potential to become a future standard for tracking and assessing environmental indicators. SeaCras leverages Copernicus, among other data sources to evaluate environmental impacts and risks and climate security measures, according to GRI and ESRS standards. Furthermore, the Copernicus data, once processed by SeaCras’ robust algorithm, becomes a “plug-and-play” integral part of every sustainability report, fully compliant with, by no means a simple methodology, prescribed by the ESRS standard.
Issues like global climate change, environmental preservation, and sustainability have recently become increasingly significant. Companies are showing growing sensitivity to these areas, placing high emphasis on processes to monitor and, when feasible, reduce emissions and the environmental impact of their operations.
