Features Spotlight: Bridging Procurement for Parent Companies and Subsidiaries
Product | Jan/2/2025
At CnerG, we’re focused on creating tools that make renewable energy procurement easier for our clients. This month, we’re introducing two new features: the Entity Dashboard and Demand & Recommendations. These tools are built to help multinational corporations better manage sustainability performance across subsidiaries and make procurement smoother, even in the most challenging markets.
When managing EAC procurement across multiple countries, sometimes over an entire region, the process can quickly become overwhelming. Sustainability managers must balance tight timelines, stay within budgets, find reliable traders, negotiate fair pricing, and secure internal approvals. These challenges are even greater in markets with limited availability, such as Korea or Taiwan. That’s why our new Marketplace updates are here to simplify the process and provide better oversight
The Entity Dashboard – Complete Oversight Across All Subsidiaries
The Entity Dashboard provides a clear, centralized view of REC and carbon credit activities for all subsidiaries. Designed specifically for parent companies, it enables them to track energy demand and REC and carbon purchases by region or subsidiary, and make recommendations to their subsidiaries. This helps identify progress gaps, prioritize key markets, and align global sustainability efforts
For example, a parent company with operations across the Americas, Asia, and Europe can use the dashboard to quickly see how much renewable energy or carbon credits each subsidiary purchased and the potential impact on its emissions. With this real-time visibility, managers can address areas needing support and focus on delivering meaningful results instead of spending time gathering data.
Demand & Recommendations – REC and Carbon Recommendations for Subsidiaries
The Demand & Recommendations feature allows parent companies and subsidiaries to input energy or carbon offset requirements (like MWh or CO₂eq) on CnerG Marketplace. Parent companies can review and refine entries submitted by subsidiaries to maintain accuracy and alignment with overall goals. The system then generates tailored recommendations for the most suitable REC or carbon credit options available.
For example, a South American subsidiary might need solar RECs, while an APAC subsidiary requires wind power or carbon offsets. The platform suggests products based on location, fuel type, and price, enabling parent companies to make informed decisions without lengthy sourcing processes. These recommendations help teams procure the right mix of RECs and carbon credits efficiently and within budget.
Challenges these features solve
Together, the Entity Dashboard and Demand & Recommendations address two of the most significant challenges faced by multinational corporations:
- Global Operations Transparency: A centralized view of REC and carbon activities across all subsidiaries enables informed, data-driven decisions.
- Efficient Procurement Across Subsidiaries: REC and carbon credit sourcing is simplified, allowing parent companies to efficiently allocate resources and align subsidiary energy and sustainability goals with budget-friendly solutions.
If you want to see how you can utilize these features or learn more about how our Marketplace works, feel free to contact us directly.
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