Download our free whitepaper titled ‘Why Integrating Technology with ESG Processes is Essential to Achieving Your Sustainability Goals’ for a more in-depth look at some of the key advantages of a strong ESG implementation, and how utilizing software can assist in achieving your ESG and sustainability goals.
The terms ESG and sustainability have become so common that many people simply think of them as the latest business buzzwords. That’s an understandable assumption, but there’s some real substance and concrete benefits behind the ESG and sustainability labels.
Studies show consumers are becoming more deliberate with the brands they purchase from, with transparency on social and environmental impacts being key factors. It’s therefore important to not only implement an ESG program, but to do it correctly.
Actively tracking and disclosing metrics relevant to an organization’s performance on ESG is a key aspect of any ESG program, for example. ESG performance is often tracked in alignment with the requirements of specific standards, as well as objectives set by the company itself.
This is one of the areas that utilizing a strong software component can make a major difference, since it not only powers ESG initiatives but ensures clear, accurate, and comprehensive reporting.
A well-built and fit-for-purpose software can offload a great deal of the administrative burden by automating reminders, processing the input data, and consolidating reporting. ESG software dashboards shine a light on areas where sustainability performance deviates from expected targets and where segments of the company are underperforming.
Compatible software solutions can also output to spreadsheets or business intelligence programs, generate reports in different formats, fire out reminders via emails, and automate other sub-processes.
Essentially, an ESG program will be an investment no matter how it’s done. It makes sense to strengthen the program by using some of that money to implement a software solution with proven results and a good track record.
For an expanded version of this article, please download our free whitepaper titled ‘Why Integrating Technology with ESG Processes is Essential to Achieving Your Sustainability Goals’.