Data-based insights for effective ESG reporting
In the last couple of years, key stakeholders have been observing companies for the role they play in preserving and shaping the environment and society. Eyeballs are on what companies are doing to keep their word on corporate social responsibilities and whether they maintain a healthy balance between their actions and their promise to the environment and society. There’s never been more urgency for companies to participate in sustainable action than now.
In the current climate, stakeholders such as investors, governments, regulators and consumers are keen on keeping a watch on global sustainable goals and whether companies worldwide are following them. Attention is focused on how companies manage their supply chains, what is their environmental footprint, are they committed to net zero and whether they maintain workforce diversity, and provide an inclusive and healthy environment. This increased demand for transparency in corporate action has set new standards for corporate reporting with a special focus on ESG reporting.
ESG Reporting Elements
A sustainability report or ESG reporting would need to reflect a company’s long-term strategy and the impact of their operations on the
environment and communities in the area of its operations; how the policies contribute to the well-being of employees, labor workforce and
the community at large and last but not the least how a company provides economic opportunities to communities. Over and above, ESG
reporting constitutes adhering to Global Reporting Initiative (GRI) standards as well as other sustainability standards issued in the geographies
of operations.
An ESG report would typically constitute elements such as climate change, carbon emissions, packaging material and waste management
including electronic waste, pollution, green opportunities in the environment category; social opportunities, health and safety, employee wellbeing, workforce development and management in the social segment and corporate governance, business ethics and tax transparency in
the governance category.
At Exalogic, we leverage powerful technologies to optimize and transform data from multiple sources, integrate it and give you insights to
support reporting needs in expectation with ESG reporting standards. We can help you streamline the reporting process, visualize data via
interactive dashboards and present reports in compliance with ESG standards.
