Setting the Scene
As one of the world’s leading asset managers, abrdn Concession Infrastructure oversees a vast portfolio of over 100 assets globally. Recognizing the increasing complexity and importance of sustainability and ESG compliance, the abrdn team sought to consolidate their data collection processes to ensure seamless alignment with both regulatory requirements and their ESG strategy. This alignment would be crucial not only for satisfying current frameworks like SFDR, TCFD, and the UN Global Compact, but also for driving their ambitious sustainability initiatives, including carbon emissions reduction, waste management, and energy savings.
The Challenge
Achieving a comprehensive, accurate view of their global assets was a daunting task for abrdn. They needed a scalable platform that could:
- Streamline data collection for over 100 assets worldwide
- Align reporting with global regulatory frameworks and SDGs
- Tailor questionnaires to fit various ESG topics and regulatory requirements
- Enable diverse users across different functions to easily access and manage relevant data
- Handle complex, multilayered reporting structures across funds, asset classes and countries
The Solution
Salacia Solutions implemented a cloud-based platform customized to abrdn’s unique requirements. By adopting Salacia’s agile and hands-on approach, abrdn was able to efficiently collect, analyze, and report on their vast ESG data, enabling strategic decisions that align with their sustainability goals. Salacia’s advanced automation features ensured accurate reports were delivered to the appropriate users in each function. This streamlined their processes, eliminated manual errors, and provided deeper insights across the portfolio.
“As a company dedicated to advancing sustainability, our collaboration with abrdn Concession Infrastructure exemplifies the transformative power of technology in driving meaningful progress towards our shared sustainability goals,” remarked Kees Kerstens, co-founder of Salacia Solutions.
Key Learnings
Through the implementation journey, the abrdn team discovered:
- The value of working in a scrum methodology with Salacia’s weekly product delivery, fostering real-time feedback and iterative improvements.
- The importance of having a dedicated project team on both sides to facilitate rapid, clear decision-making.
- That a unified data platform enhanced collaboration, helping abrdn’s global teams leverage insights across assets and refine strategies based on region- and sector-specific trends.
The Results
abrdn now tracks their GHG emissions and aligns them with Net Zero initiatives more effectively. They use their ESG data to comply with multiple frameworks (SFDR, TCFD, SDGs) and support various business functions through tailored user access. Ultimately, they have empowered their teams to make well-informed decisions based on comprehensive, accurate ESG data.
“The collaboration with Salacia Solutions has been instrumental in our journey towards sustainable excellence. Their expertise and tailored solutions have empowered us to navigate complex regulatory landscapes and drive meaningful progress in our sustainability initiatives,” remarked Karen Hill, Head of Sustainable Investing, abrdn Infrastructure Capital.
With Salacia Solutions, abrdn gained a partner who understands the complexities of ESG reporting and provides the clarity and confidence needed to navigate the regulatory landscape. By simplifying their ESG data collection and reporting, Salacia enabled abrdn to meet current compliance standards and map a strategic path toward their long-term sustainability goals.
Are you ready to revolutionize your ESG reporting? Join abrdn and discover how Salacia Solutions can transform your ESG journey.
Menu
