What is ESG reporting?
During the past years, the market has moved quickly, and the companies are now asked for more transparency and to take concrete action about their environmental, social and governance performance. E, S and G, three letters that you will hear about a lot fur sure!
ESG reporting is the disclosure of environmental, social and corporate governance data. As with all disclosures, its purpose is to shed light on a company’s ESG activity while improving investor transparency and inspiring other organizations to do the same. Reporting is also an effective way to demonstrate that you’re meeting the goals and that your ESG projects are genuine — not just greenwashing, empty promises, or lip service. Since ESG reports summarize the qualitative and quantitative benefits of a company’s ESG activity, investors can screen investments, align investments with values, and avoid companies with the risk of environmental damage, social missteps or corruption.
For the environmental pillar, the key stakes are about facing climate risk or managing greenhouse gas emissions; for social it is about diversity and inclusion; and for governance it is about managing risk and opportunities and facing compliance pressure.
ESG Reporting & CCH Tagetik
CCH Tagetik ESG & Sustainability Performance Management Expert Solution (ESG Solution) includes pre-built data models, normalization and calculation rules, and disclosure to comply with the regulatory frameworks in force and with the main and most common reporting frameworks. CCH Tagetik has developed an ESG pre-package solution that helps companies to face the challenges, reduce risks and provide key actors with strategic information to turn risks into opportunities to create long-term value.
CCH Tagetik covers the ESG process end to end, boosting the implementation thanks to an expert solution that combines all the regulatory frameworks and the managerial needs in a single application
The ESG Solution consists of three modules:
- Disclosure & EU Taxonomy
- GRI and other KPI’s
- Strategic planning and converged KPI’s
The basic idea is to create a solution that enables our customers to build trust and sustainably grow their business over the long-term easily connecting non-financial data with financial performance.
Learn how CCH Tagetik can help you streamline your ESG reporting while improving your ESG plans, contact us.