ESG is everywhere
ESG is central to a global initiative to improve the behaviour of the business community and wider population with respect to the Environment (E), Social (S) and our behaviour to each other (people), and Governance (G) seeking adherence and adoption of better working practices and procedures.
Additional perspectives such as sustainability and the protection of finite, scarce and sometimes endangered resources, lead to yet further initiatives such as the circular economy.
The regulatory target is to be able to produce an overall ESG score, which is made up the separate E, S and G scores, which in turn roll up from the underlying individual scores. Also, the aim is to facilitate in-sector and cross-sector comparisons of companies’ ESG performances or rankings. It may be assumed that in time, reporting will evolve into national, regional and global mandated set of standards, to drive adherence to targets. But how do multiple metrics with different units of measure roll up?
ESG impacts the business
At Capventis, we believe ESG is impacting the entire business and therefore requires an enterprise-wide solution. Ending with reporting, we can go backwards to the metrics and measures. These need to be consistent and precise in terms of time and units of measure. We also differentiate between actual measures, the capture of which can always be automated, versus declared measures which are stated by the business. Measures in turn, lead back to the operational data required to calculate the measures, and should link to the operational processes and outcomes being measured.
This requires a comprehensive, consistent and flexible (to evolve) model to be defined, together with an integrated technology to capture and hold all the data, enable the analytics and deliver the reporting and insights. This in turn should apply consistently across all participating organisations, and rollup at the regulatory, governing centre.
ESG Strategy is esssential
Capventis has the design framework supported by the technology needed for the overall solution. Our Glu technology together with our analytics technology partner Qlik provides the enablement required. Our skilled team is working in support of your team, so you can manage your ESG strategy for compliance now and for value in future.
Insights of ESG Reporting
The State of ESG & Sustainability Reporting 2024
From inconsistencies in frameworks, to data management hurdles, businesses are finding it hard to meet diverse regulatory and stakeholder requirements. This section breaks down the most significant challenges, providing examples of how different industries are tackling these issues.
The current landscape of the ESG software market
Regulatory requirements and stakeholder expectations are at an all-time high, companies are increasingly turning to ESG (Environmental, Social, and Governance) software to streamline reporting, track sustainability metrics, and ensure compliance. The market for ESG solutions has seen exponential growth.