Carbon reporting is increasingly critical for manufacturers, especially those with complex supply chains. This case study explores how Mavarick enabled an orthopedic medical device manufacturer to overcome the challenges of Scope 3 emissions reporting.
Key Takeaways
- Enhanced Supplier Engagement: Mavarick’s system improved supplier collaboration, increasing emissions data accuracy by over 20%.
- Streamlined Reporting: Automated tools reduced reporting timelines, resulting in a 25% efficiency boost.
- Actionable Insights: Bespoke dashboards highlighted emissions hotspots, enabling the company to prioritise reduction initiatives effectively.
- Indirect CSRD Compliance Support: Although not directly subject to CSRD, the company met client data requests seamlessly, ensuring regulatory alignment.
- Sustainability Progress: Initiatives like solar panel installations and greener procurement decisions significantly reduced emissions across the supply chain.
Executive Summary
The orthopedic medical device manufacturer faced significant challenges in tracking and reporting Scope 3 carbon emissions. Complex supply chains, data inconsistencies, and limited supplier engagement created bottlenecks in achieving sustainability goals.
With Mavarick’s advanced carbon accounting software, they found a solution that simplified data collection, improved reporting accuracy, and provided actionable insights. The software also addressed the indirect data requests the company faced from its clients, who are subject to the EU Corporate Sustainability Reporting Directive (CSRD).
This transformative journey led to a 25% boost in reporting efficiency, improved supplier collaboration, and a clear roadmap to achieving their long-term sustainability objectives.
Client Testimonial
“Mavarick’s platform has transformed the way we approach carbon accounting. The software’s automation capabilities and actionable insights have enabled us to not only meet compliance requirements but also strengthen our commitment to sustainability. It’s a game-changer for our organisation.”
— Sustainability Manager, Medical Device Manufacturer
About the Client
This case study focuses on an orthopedic medical device manufacturer, a sub-contractor for large multinational medical device companies, headquartered in Europe. Despite its prominent position, the organisation faced a growing challenge: aligning its operations with emerging sustainability and carbon reporting requirements. Their complex supply chain—characterised by the variety of materials, the nature of high-cost materials, and the intricacies of transporting materials and distributing finished goods to customers—made tracking emissions particularly daunting.
Challenges
The medical device manufacturer faced several pressing issues that impeded its sustainability journey:
- Lack of Supply Chain Visibility: Managing emissions across a global network of suppliers proved incredibly challenging. With disparate data collection methods and limited access to granular information, identifying key emission sources was nearly impossible.
- Indirect Regulatory Pressures: While not directly obligated to comply with CSRD, the company faced data requests from clients who are. Meeting these demands with accurate and reliable information became a top priority.
- Data Inconsistencies: The organisation relied on manual and often inconsistent data inputs from suppliers, leading to fragmented reporting that lacked reliability.
- Resource Constraints: With a small internal team managing this large-scale reporting, time and resource constraints further hampered progress.
The Solution
Mavarick provided a comprehensive and tailored solution to address these challenges, transforming the company’s approach to carbon accounting:
- Centralised Data Management: MAVARICK’s software enabled the client to unify emissions data from diverse sources into a single, accessible platform, ensuring consistency and transparency.
- Automated Reporting Tools: By automating Scope 3 emissions calculations, the software reduced manual workloads, minimised errors, and accelerated reporting timelines.
- Customised Insights: Advanced analytics and bespoke dashboards allowed the company to identify emissions hotspots, empowering them to prioritise reduction initiatives and monitor progress effectively.
- Regulatory Compliance Simplification: Indirect CSRD Compliance Support: By aligning with frameworks like the GHG Protocol and CSRD, the software enabled the company to meet client data requests efficiently.
- Enhanced Supplier Engagement: Mavarick’s system streamlined data collection, improving engagement and increasing the accuracy of supplier emissions data by over 20%.
Results & Impact
The implementation of Mavarick’s carbon accounting software was a game-changer for the medical device manufacturer. Key outcomes included:
- Significant Efficiency Gains: Reporting processes were streamlined, with a 25% increase in efficiency through automation and improved workflows.
- Enhanced Data Accuracy: Sophisticated validation tools ensured data reliability, building trust in the company’s reports.
- Regulatory Compliance: The company confidently met international standards, including the CSRD and GHG Protocol requirements.
- Greater Transparency: Bespoke dashboards provided real-time insights into emissions across the supply chain, highlighting areas for targeted improvements.
- Foundation for Future Goals: The client set ambitious carbon reduction targets based on actionable insights, paving the way for long-term sustainability progress.
Future Outlook
With Mavarick’s software as a cornerstone of their sustainability strategy, the client has outlined several future initiatives:
- Strengthening partnerships with suppliers to collaboratively reduce emissions.
- Expanding the use of the platform to explore lifecycle assessments and deepen Scope 3 insights.
- Continuing to innovate sustainable product designs, informed by precise emissions data.
- Leveraging Mavarick’s tools to align with emerging global sustainability standards and market expectations.
Are you ready to revolutionise your carbon accounting processes? Mavarick’s advanced software can simplify emissions reporting, enhance data accuracy, and set your organisation on the path to sustainability success. Contact us today to learn more about our innovative solutions.
