Sustainability Reporting – The rise of digitalization has brought about noteworthy advancements in the realms of Environmental, Social, and Governance (ESG). Specifically, businesses are leveraging technology to:
- Optimize ESG strategies
- Enhance growth performance
- Contribute positively to society
Sustainability Reporting
Digitalization in Sustainability Reporting
As the importance of digitalization and technology grows in achieving a more sustainable economy, organizations strive to enhance their commitment to environmental and social responsibility while embracing improved governance practices through ESG reporting. The escalating societal demand for sustainability is clearly compelling companies to take on a more proactive role in what is commonly referred to as the next corporate transformation. Visit: Reducing Carbon Footprint: A Comprehensive Guide for Companies to Begin
ESG reports require a massive volume of relevant data, easily incorporable into disclosures through appropriate technology. Companies are encouraged to integrate digitalization into their ESG reporting processes, ensuring the extraction and reporting of the required data, especially in light of the increasingly stringent standards.
Benefits of Digital Sustainability Reporting
A manual ESG report is susceptible to errors and inaccuracies. Therefore, a system should be in place to gather all the necessary data, align with reporting standards, and keep track of past data and activities. The limits of manual ESG process are doubt regarding the accuracy of the data and restricted ability to observe trends or conduct benchmarking.
Besides, the essential mandates for ESG digitalization involve automating data and workflow processes, validating information, monitoring to assess goal attainment, and adapting to changes in reporting and objectives through effective navigation.
The benefits of digital sustainability reporting are:
- Real-time accessibility and transparency: Companies can provide real-time access to information and track a company’s progress based on the most up-to-date data.
- Cost-efficiency and resource conservation: Companies can save on printing, paper, and distribution expenses, while also contributing to environmental conservation by reducing their paper footprint.
- Global reach and stakeholder engagement: Stakeholders, including investors, customers, and employees, can access the reports from anywhere in the world.
- Integration with corporate strategy: By aligning sustainability goals with business objectives, companies can demonstrate the interconnectedness of their financial, environmental, and social performance.
- Enhanced data analytics and visualization
- Adaptability to evolving standards
All In One Platform For Your Sustainability Goals
Technical aspects to choose the right software that can help companies produce compelling, accurate, and complete ESG reports are:
- Flexible data handling
- Data collection and automation
- Data mapping and configuration
- Data traceability and auditability
- Data visualization and presentation
- Data interoperability
Satuplatform is designed to achieve sustainability goals by being at the forefront in accordance with applicable regulations. Satuplatform is an all-in-one platform that provides comprehensive solutions for ESG management, carbon accounting, and sustainability reporting. With Satuplatform’s feature, you can:
- Calculate and track carbon emissions for Scope 1, 2, and 3 and set reduction emission target
- Managing and improving the sustainability performance (ESG) of the company
- Track carbon emission and set reduction emission target
- Comply with Sustainability Report and GHG Report requirements to meet international and national standards
