There are many reasons why companies are becoming more conscious of their environmental impact today. First and foremost, most businesses now understand the impact their activities have on the environment, and they want to minimize the damage they do to preserve natural resources for future generations.
Another critical consideration is how these actions appeal to investors. A growing number of investments are being made on the basis of business’ environmental, social and governance (ESG) efforts. Organizations that can show they are working to make a difference from an ecological perspective stand a better chance of gaining access to the capital they need. Those who advocate for sustainability within companies of all types should be aware of all the tools at their disposal to make it as easy as possible.
Using ESG Reporting Software to Support Sustainability Efforts
One of the best resources companies have for meeting their sustainability goals is ESG reporting software. It provides numerous features that streamline tracking, managing and visualizing data related to an organization’s environmental efforts. One critical aspect of ESG reporting tools is their ability to track performance related to environmental goals. This means they can see metrics such as energy consumed, emissions generated, materials recycled and others. This software also incorporates customizable reporting frameworks so businesses can hone in on the information that matters most to them, their customers and potential investors.
In addition to how important this software is for presenting information to the outside world, it also serves critical functions inside organizations, as well. For instance, it can feature data integrations to facilitate sharing of information between departments or to seamlessly generate reports. Collaboration features make it possible for team members to work together even across multiple locations, and real-time data visualization helps contribute to improved decision-making across the entire organization.
Without ESG software, companies face numerous challenges that can get in the way of accomplishing their sustainability goals. These include difficulty maintaining compliance with regulations, inaccurate data and key players being left out of the decision-making process. Given how important sustainability is to the business world of today, having the resources to make the most of information is crucial. If you want to learn more about the many key features of ESG reporting software, how you should implement it into your processes and how it can help your company realize its sustainability goals, take a close look at the accompanying resource.
Infographic created by Donnelley Financial Solutions, an SEC reporting software company
