Although the bottom line remains the most important metric of success in the business world, today it’s not unusual for companies to have multiple objectives they try to meet. One of the most important of these in recent years has been sustainability. Not only do organizations now have greater awareness of the impact their activities have on the health of the environment, but so do investors. Many investments are now being made with a company’s environmental, social and governance (ESG) efforts in mind because many investors want their money to go toward a better world on top of strengthening their financial standing. Any company that wants to highlight what it’s doing in terms of sustainability needs to invest in an ESG reporting software platform.

Supporting Sustainability Through Reporting Software

Having an ESG reporting platform means companies can effectively track, manage and visualize data pertinent to their sustainability efforts. For example, one of the most important aspects of these tools is their ability to track performance that is related to how well a company is achieving its environmental goals. Tracking metrics such as energy consumed, emissions generated and more makes it easy for potential investors to see exactly how the company’s objectives are being met. The customizable reporting frameworks within these platforms ensure that companies can focus on the data that is most important to them and their stakeholders.

This type of software is not only effective for communicating with the outside world, it also serves an important function in terms of internal communications. Data integrations make it possible for departments to share information or seamlessly generate reports. Built-in collaboration features enable team members to work together across multiple locations. Additionally, real-time data visualization capabilities enable organizations to experience improved decision making at every level.

Why ESG Reporting Software Matters

When your company doesn’t use ESG reporting software, meeting your sustainability goals becomes much more difficult. You may experience challenges keeping track of your KPIs, maintaining compliance with regulations and keeping decision-makers in the loop. Being more sustainable is no longer a lofty goal — it’s a key component of success when it comes to attracting the investments you need to build your business. Having the infrastructure in place to make the most of your ESG data management matters a great deal in this regard. If you want to learn more about the key features of ESG reporting software and what integrating it into your processes entails, take a look at the accompanying resource.

About the Author:

Adam Nguyen is Senior Vice President for Donnelley Financial Solutions™, a global financial solutions company. He has many years of experience in the industry and focuses on the company’s financing activities and daily operations.

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