Environmental, Social & Governance
ESG is now at the top of the corporate agenda – increasingly linked as a key performance indicator of healthy, thriving businesses. Organizations of all sizes are feeling an increased sense of urgency to implement advanced, agile technology to help them efficiently collect, report, analyze, and assure the accuracy of their complex, often siloed ESG data – while deriving the same kind of insights they have come to expect from their financial reporting.
ESG is now at the top of the corporate agenda – increasingly linked as a key performance indicator of healthy, thriving businesses. Organizations of all sizes are feeling an increased sense of urgency to implement advanced, agile technology to help them efficiently collect, report, analyze, and assure the accuracy of their complex, often siloed ESG data – while deriving the same kind of insights they have come to expect from their financial reporting.
Why the increased focus on ESG?
Investors, consumers, analysts, employees, and other key stakeholders have long looked at financial metrics as key indicators of a business’s operational health. Now, those same stakeholders are demanding companies make – and keep – strategic commitments to advance social responsibility and environmental stewardship, too.
That’s because investors and analysts increasingly report strong correlations among ESG performance, business value, and operational performance. ESG performance is also an increasingly important factor when it comes to driving employee retention and engagement – and consumer trust and confidence, too.
What are the challenges ESG reporting?
Today’s businesses are expected – and sometimes required – to report and comply with a myriad of inconsistent and ever-evolving ESG regulations. They’re also faced with the overwhelming task of centralizing and standardizing non-financial ESG data from a multitude of internal and third-party sources.
Just like financial reporting, effective ESG reporting requires multiple corporate regions, functions and businesses to rise above their siloes to work together to collect and report ESG data, analyze that data to identify and manage risks, and assure its accuracy. That kind of true collaboration and integration can only happen with the support of digital transformation: technologies that can break down siloes, bring clarity to complexity, and assure the traceability and auditability of ESG data.
ESG Software
Technology that brings clarity to the complexity of ESG reporting
AntsBees is uniquely positioned within the highly fragmented ESG software market to support large companies expedite and empower their ESG journey. We know that meeting stakeholder demand for investor-grade data requires reliable, integrated, standardized automation. Our advanced, cloud-based technologies bring clarity to complexity by helping organizations collect, report, analyze and assure the accuracy of financial and non-financial reporting, so ESG can be transformed into a competitive advantage.
ESG, EHS and ORM for large Companies
Our Enablon platform helps organizations protect worker safety, enhance sustainability, manage risks, stay compliant, improve corporate governance, and identify opportunities to elevate Environmental Health & Safety (EHS), Operational Risk Management (ORM), and ESG performance.
ESG for Finance Function
Our CCH Tagetik Corporate Performance Management platform helps the Office of Finance manage enterprise business at scale, by streamlining financial processes, accelerating the financial close, enhancing decision-making with extended planning, and facilitating compliance with evolving financial and ESG regulations.
ESG for Audit Management
Our TeamMate audit management platform provides assurance to internal audit teams by streamlining audit workflow for financial and ESG data, improving productivity and cross-functional collaboration, connecting information from critical business systems, and delivering data-driven insights to organizational leaders.
ESG & Climate Risk Management for Banks
Our OneSumX solution suite addresses the tactical and strategic needs of finance, risk management, performance, compliance, ESG and regulatory reporting business areas of financial institutions.
ESG Data & Reporting
The success of your Environmental, Social, and Governance (ESG) performance program starts with data. Meeting stakeholder demand for investor-grade data requires reliable, integrated, standardized automation. But a 2022 EY study found that 60% of finance executives say their ESG data resides in a patchwork of software applications — many of which don’t connect with each other. Fifty-five percent say their ESG data resides in spreadsheets.
ESG Strategy
Automate the collection of ESG data and embed ESG into your strategic business decisions and operations.
The ABCs of ESG reporting
What are ESG and sustainability reports, why are they important, and what do CFOs need to know
Top 5 priorities for the C-suite
They’ll have even more data at their fingertips, more questions to ask and answer, and a greater need to plan for multiple scenarios.
Their focus will shift toward leveraging real time data to shape future business ESG outcomes. In doing so, they’ll be better positioned to serve as a well informed driving force behind corporate strategic decision making.
They will fill gaps in knowledge and insist on identifying and implementing best process workflows and technologies that can help drive business and ESG performance forward.
They’ll recognize that continually investing in, and optimizing the use of, flexible, cloud based technology is essential to being able to analyze the massive data sets that are required to effectively navigate change and make informed ESG and business decisions.
They will surround themselves not just with traditional functional expertise, but with technologists, data analysts and strategic, forward thinkers who can leverage technology to identify trends, solve problems and collaborate with multiple stakeholders.
6 stages to successfully manage ESG third-party risk
Read on to learn more about how internal audit teams can play an important oversight role in third-party risk management for ESG vendors.
What is ESG?
Environmental, Social, and Corporate Governance (ESG) factors are used to measure the sustainability and societal impact of an investment in a company or business. The analysis of the three criteria provides an indication of the future financial performance of a company, including return and risk.
What are the challenges ESG reporting?
Today’s businesses are expected – and sometimes required – to report and comply with a myriad of inconsistent and ever-evolving ESG regulations. They’re also faced with the overwhelming task of centralizing and standardizing non-financial ESG data from a multitude of internal and third-party sources.
Just like financial reporting, effective ESG reporting requires multiple corporate regions, functions and businesses to rise above their siloes to work together to collect and report ESG data, analyze that data to identify and manage risks, and assure its accuracy. That kind of true collaboration and integration can only happen with the support of digital transformation: technologies that can break down siloes, bring clarity to complexity, and assure the traceability and auditability of ESG data.
