dFakto supports companies to implement the ESG standards recommended by Europe, and maximizes their impact in terms of sustainability, using data-driven solutions.

Inspired mainly by environmental and social awareness, Europe is requiring companies with more than 500 people to develop a sustainability plan by 2022, to collect ESG (Environmental, Social, and Governance) data, and publish it. It won’t be long before all SMEs will be required to do the same. In Belgium, few financial institutions and companies are really prepared for this. dFakto, a specialist in data-driven management solutions, puts its expertise at their disposal.

Europe, an enthusiastic pioneer in all ESG advances, has been considering an incentive for sustainability since 2015. It should be noted that this matter, which will soon affect all companies, including SMEs (50<500 people), is attractive to consumers, as well as employees looking for meaning in their work, and has the backing of more and more investors (almost 80% of them pay attention to it). Therefore, investments should be shifted towards sustainability.

Companies will have to evaluate their activities against the criteria of EU Taxonomy (a classification system that establishes a list of environmentally-sustainable financial activities), and then assess their alignment with the same.

This Taxonomy is likely to play an important role in helping the EU implement the European Green Deal. It would provide companies, investors, and policymakers with appropriate definitions for which financial activities may be considered environmentally sustainable. In this way, it should create security for investors, protect private investors from greenwashing, help companies become more climate-friendly and help shift investments to where they are most needed.

Any company wanting to prepare for this big step must start to align itself with standards that will inevitably impact its business model. It will also need to increase its transparency and publish its achievements, commitments and, therefore it ESG indicators, on its website.

The 6 big families of indicators:

1. Climate change mitigation.
2. Adaptation to climate change.
3. The sustainable use and protection of water and marine resources.
4. The transition to a circular economy.
5. Pollution prevention and reduction.
6. Protection and restoration of biodiversity and ecosystems.

dFakto, in its turn, supports the organisations along their ESG journey, that consists in the following steps: define, connect, measure, integrate, publish, and then communicate.

Whatever its size, the first difficulty a company faces is its lack of expertise on the subject. “Few people know where to start,” explains Thomas Vincotte, Sustainability Solutions Manager at dFakto. Secondly, “managing this new data requires additional agility in technology.”

In just a few weeks, dFakto can very rapidly respond to different needs: Expertise in data management and sustainability; Implementation of a detailed plan with objectives, obligations, responsible persons, budgets; Creation of a timeline; Implementation of data collection processes and tools …

From that moment, dFakto’s platforms can take over, follow up on all initiatives and impacts, and determine whether the company is sticking to the plan it has put in place.

Platforms will automatically generate reports and communications. With just a few clicks, companies will be able to print the various ESG reports necessary and send them to investors or consumers. And the company will also be able to publish this data on its website in real time.

AFTER FUND-RAISING SEVERAL MILLION EUROS, DFAKTO, THE BELGIAN SPECIALIST IN DATA-DRIVEN SOLUTIONS, IS DEVELOPING ITS OPERATIONS IN FRANCE.

dFakto, a Brussels-based company specialising in data-driven solutions for organisations since the year 2000, has raised several million euros of funds, in order to develop its operations in France, where it has been present for a few years now.

WHAT ARE DATA-DRIVEN SOLUTIONS?

Companies and organisations of any kind often have many applications that do not communicate with each other, and huge amounts of data in different formats. The difficulty of interpreting this data often raises problems in the decision-making processes of organisations and companies. Agreeing on the interpretation of different data, cross-referencing them, and then using reporting tools, so that cross-departmental analyses can be conducted in order to improve their performance, has become a matter of course.

PLATFORMS THAT OFFER A SINGLE VERSION OF THE TRUTH

dFakto can deploy a management platform for each organisation in a matter of weeks, to interconnect different applications, websites, and other data sources. Teams will be able to access to reports on their accounting, HR, and business indicators, and on project spending against budgets, etc. More broadly, organisations will have a single version of the truth, based on recent and reliable data, enabling them to make the best decisions. By providing a true and accurate view of project progress, dFakto supports a company’s plans for transformation.

TO WHICH ORGANISATIONS DOES THIS APPLY?

All structures with more than 200 persons: SMEs, public services, hospitals, banks, associations, etc. Whether it’s hospitals viewing the situation of their beds and healthcare workers in real-time, or banks managing strategic plans for transformation, or reducing costs and acquisitions, they can all use a data-driven platform from dFakto.

On the one hand, dFakto data-driven platforms make it possible to select, cross-reference and analyse huge amounts of data from many systems, in order to obtain information and reports that optimise decision-making. On the other hand, they make it possible to measure the progress of strategic and operational plans and to take the correct actions in order to achieve or exceed objectives.

dFakto solutions are sold and implemented directly by innovative partner companies, including consulting firms. These partners increase the value of their services by combining them with dFakto’s pre-configured platforms. The solutions are up and running within 8 weeks and generate value directly; they are simple to maintain and fully scalable to meet new demands. “Developing our French office is an exciting project. We’ll be able to provide our data-driven solutions to more customers and partners, so they can digitize their activities. Our platforms complement traditional consultancy services; they pave the way for new business models that are more in line with the expectations of the market,” says Thibaut de Vylder, CEO of dFakto.