Intensive-data approach: Informatica’s climate risk solution – Business

Since extreme weather events have become catastrophic across the globe, environmental, social and governance compliance has become top of mind for enterprises. This is why an intensive-data approach is needed. 

With ESG becoming a board level topic based on the need to do good for the planet, Informatica Inc.’s Intelligent Data Management Cloud offers a holistic view of climate-linked risks using an intensive-data approach, according to Levent Ergin (pictured), global chief ESG sustainability strategist and global head of ESG strategic alliance partnerships at Informatica.

Informatica’s Levent Ergin talks about the essence of an intensive-data approach when tackling climate-related risks.

“We launched Intelligent Data Management for ESG sustainability last year at Informatica World,” Ergin said. “ In the US, we are aligned to SASB, which is Sustainability Accounting Standards Board, which is around single materiality, meaning, what are the impacts of the ESG, such as climate risk on our business? In Europe, there’s the concept of double materiality, which is what are the impacts of our company on the environment, the people and the planet? This is where you need intensive data.”

Ergin spoke with theCUBE analysts Rebecca Knight and Rob Strechay at Informatica World, during an exclusive broadcast , . They discussed the importance of an intensive-data approach when addressing the climate change menace (* Disclosure below.)

Intensive-data approach addresses climate-based challenges

To take the right mitigating action when addressing climate change, an intensive-data approach is required. This is why ESG audit-ready data is needed to avoid issues, such as greenwashing, Ergin pointed out. 

“The G7 and the G20 regulators have made ESG disclosures mandatory,” he said. “When we look at the World Economic Forum, they’ve put extreme weather events as the number one business risk in their global risks report for 2024. Ultimately, it’s about doing the right thing … this is very data intensive.”

Limiting global warming has become a vital objective in modern society since it helps in the avoidance of harsh climate change. As a result, Informatica accelerates the climate risk assessment process by leveraging ESG rating agencies, according to Ergin. 

“At Informatica, what we’ve done is build a data model that aligns to the Greenhouse Gas Protocol so that we can do all the heavy lifting around collecting this data,” he said “To be able to collect this data, you need to look at your purchasing activity which lives in your ERP systems. When we talk to a multinational, each line of business is using a different system, sometimes multiple versions of that.”

Here’s the complete video interview, coverage of Informatica World: 

(* Disclosure: Informatica Inc. Neither Informatica .)