Build a Platform for Managing, Reporting on ESG
While the pace and effects of social and environmental disruption accelerate, organizations can build capacity to drive ESG performance and resilience.
Originally published on Deloitte Insights in The Wall Street Journal
By Rachel Sutherland, manager, Deloitte Services LP
Growing emphasis in the marketplace on environmental, social, and governance (ESG) issues is prompting many organizations to consider how ready they are to meet increasing expectations for disclosure and action. As organizations identify ESG issues that are relevant to them and their stakeholders, they may identify opportunities to manage ESG information and drive strategy using technology to help standardize, streamline, and simplify the process.
For many organizations, ESG-related information they may already disclose voluntarily or may be required to disclose in the future is contained across multiple systems and managed by multiple individuals, says Mark Mellen, the director of ESG enablement for technology firm Workiva. Often, such use of disparate systems can lead to challenges in sourcing, collecting, validating, analyzing, and reporting ESG information, he says.
Read the Full article in Deloitte’s Risk & Compliance Journal in the Wall Street Journal
