End-to-End ESG Compliance Solution

ESG – Environmental, Social and Governance – is the hottest acronym in the business world. The term is crowding out the old CSR (Corporate Social Responsibility) approach in favour of a more holistic view that considers a broader set of topics and KPIs ranging from a company’s carbon footprint to their health & safety data, diversity metrics and more.

ESG reporting is the mechanism through which a company shares its ESG performance and ESG initiatives with the public, in the same way that a publicly traded company would share financial data.

ESG reporting has become common practice for large companies. A KPMG survey in 2020 found that among 5,200 top-earning firms in 100 different countries, 80% were doing ESG reporting. However, generating sustainability reports can be labour-intensive and costly. The internal data collection necessary often requires dedicated staff and consultants, making it prohibitive for smaller firms.

ESG reports typically take one of two forms. Some ESG reports look quite similar to annual corporate reports. Glossy, picture-laden reports, beginning with a letter from the CEO, that taut various ESG initiatives.