Clearyst° x Stova: an Introduction
Stova is an award-winning, NY-based event tech company. As a large technology and services supplier to Microsoft, Stova was tasked with meeting strict sustainability reporting requirements but lacked the processes to collect data and ensure compliance. The team needed a reliable, streamlined solution to efficiently gather and report on various sustainability metrics.
After working with Clearyst Advisory, Stova not only met Microsoft’s requirements in the short term, but was able to establish processes for data collection and carbon management - saving the team significant time and resources and retaining its valuable relationship with Microsoft.
This case study explores the challenges Stova faced as well as the comprehensive solutions provided by Clearyst Advisory to simplify reporting, enhance transparency, and meet future sustainability requirements.
Challenge
Microsoft, like many large corporations, has committed to several organizational sustainability targets, including becoming carbon negative by 2030 and achieving zero waste by 2030. As a large technology and services supplier to Microsoft, Stova was thus subject to report its carbon emissions to Microsoft for multiple years. Refusing to provide the necessary data would prohibit Stova from maintaining its relationship with Microsoft, posing a significant revenue and reputational risk to the business.
Stova needed to ensure compliance, but didn’t know where to start and lacked the resources to handle carbon accounting and reporting.
Why Stova Chose Clearyst Advisory
With just three months to report to Microsoft, Stova needed a trusted partner that could work quickly and accurately. After an initial vetting process, it selected Clearyst for our deep understanding of the carbon management software market, proven ability to deliver to short deadlines, and experience breaking down complex requirements in a simple manner for leadership.
Solutions
After learning the details of the situation, Clearyst analyzed the risk at hand and worked directly with Microsoft to understand the necessary requirements and format. Our team of sustainability professionals conducted key stakeholder interviews, aggregated the necessary internal data and calculated Stova’s emissions for a two-year period.
We then mapped required data into the approved format and submitted the report to Microsoft, ensuring full supplier compliance by the deadline.
“Clearyst has proven to be an invaluable partner in our recent collaboration on Microsoft Sustainability Compliance Reporting. Their expertise and meticulous approach ensured an efficient and accurate reporting process, aligning seamlessly with our commitment to environmental responsibility.”
Results
By working with Clearyst Advisory, Stova has been able to save significant time and resources - ensuring seamless and accurate sustainability compliance reporting.
“We highly recommend Clearyst for its streamlined process, insightful guidance, and continued support in optimizing sustainability initiatives.”
The scalable carbon management process put into place removed a significant burden for Stova. Not only did the Stova team express its happiness with our ability to help the company meet compliance, it also still utilizes the optimized expense recording system we put in place to make data more easily accessible for future eco-accounting purposes.
“Clearyst's professionalism and dedication to sustainability make them the ideal choice for organizations seeking a trusted partner to meet Microsoft's standards.”
Conclusion
As environmental regulations and ESG initiatives continue to gain momentum, many businesses are increasingly expected to set and meet sustainability requirements to remain competitive. Corporate net zero commitments are trickling down throughout supply chains as pressure to meet certain sustainability performance thresholds grows.
Discover how Clearyst Advisory can help your organization not only achieve immediate compliance, but also implement processes and software solutions to track, manage, and measure your sustainability data.