ESG reporting and the associated reporting requirements are currently challenging many companies. There is no reason for this! From the point of view of our data experts, the automated reports are not a problem as soon as the relevant key figures are recorded correctly and analyzed in a targeted manner.
With the efficient collection of all non-financial KPIs and automated reporting, you not only comply with your reporting obligation, but also benefit from the following added values:
We can help you in the area of ESG reporting with:
What is meant by ESG?
ESG reports disclose data about a company and its influence in three areas: Environment, Society and Governance. ESG reporting will become an integral part of most companies across all industries starting in 2024.
In less than two decades, the ESG movement has evolved from a corporate social responsibility initiative launched by the United Nations into a global phenomenon. When the term appeared in the lexicon, it was initially synonymous with sustainability.
Risks & Investments
The financial world turned ESG into a synonym for risk. Investors and lenders wanted to be aware of the risks that could arise in a company due to environmental and social impacts on the business.
Key figures that describe a company's impact on the environment and its ability to lower environmental risks. This may include a company's carbon footprint as well as its performance in the areas of energy efficiency, waste management, resource depletion, climate change, deforestation or the handling of other natural resources and animal welfare.
A company's relationships with other companies, its reputation in the local community, its commitment to diversity and inclusion in the workforce as well as on the board of directors, charitable donations, working conditions and whether it is known for its employee policies promoting health and safety are evaluated.
These KPIs assess a company's internal processes, such as transparent accounting practices, tax strategy, executive compensation and board composition, donations and political lobyying, diversity and relationships with employees and stakeholders. It may also include internal rules to avoid conflicts of interest and unethical behavior.
"It is high time that companies now record and prepare their ESG key figures. On the one hand, to comply with reporting requirements. On the other, to be able to identify and exploit potential in this area - and, of course, to be able to make sustainable decisions."
- JENS SIEBERTZ, VP INFORM datalab