This eBook outlines the key steps in establishing and running a successful ESG program and defines how to address the ESG data challenges and communication needs across the many roles that must contribute to the ESG reporting process.
Corporate reporting on ESG (Environmental, Social and Governance) is challenging no matter your company’s size or industry. Data required for report preparation is spread across different units and locations, and sometimes is tightly held or even unknown.
Most companies have multiple audiences for their ESG reports – investors, lenders, insurers,
customers, suppliers, employees, and regulators in some countries are all on the list. And to make matters even more complicated, there are dozens of frameworks for ESG reporting, each with its own set of parameters and required formats.
Numerous roles have a part to play in gathering, analyzing, and preparing the data needed for
effective ESG risk management, reporting, and communications. This can place stress on the full-time functional duties of individuals who must contribute to the process, especially for those who have ESG-related duties as only a small part of their jobs.
These factors all make it important to define needs, streamline communications, and provide tools that make it easier to share data and other information throughout the process. The connection between data and people is key.