Why was the NEC metric created?
The NEC metric was created in response to the absence of a holistic metric that enabled economic actors to assess the full environmental impact of a product, service or company. Because climate, biodiversity and resources are interlinked, they need to be considered together. Limited by existing metrics that only measured carbon, companies and investors were in need of an alternative.
To this end, we built the most reliable, scientifically robust and transparent metric possible in response to the absence of transparent, trustworthy information provided by major ESG data providers. We conceived the NEC metric so that it is not only easy for companies and investors to use, but also to be a relative system of measurement that allows cross-comparison between products, services, companies and sectors based on their sustainability performance.
Finally, having access to tools to compare and identify transition opportunities and risks is crucial for economic actors because it has been proven that environmental and financial performance go hand in hand. (Source ILB)