Make more informed decisions based on ESG Reporting
The demand for more transparency and comparability in Environmental, Social, and Governance (ESG) reporting has increased reporting regulations on your company’s business operations. Your corporate performance management must involve more than your regular profit & loss, balance sheet and cash flow statements. This will add additional processes to your periodic corporate or group reporting process. Integrating your financial and ESG reporting process helps to ensure that your strategic decisions are based on two equally important drivers of corporate performance.
ESG reporting should give insights into the following three pillars:
- Environmental – highlights how companies use energy and manage their environmental impact.
- Social – identifies how a company encourages its people and culture and how its business operations affect the community.
- Governance – Entails a company’s internal system of controls, practices, and procedures.
When you have the right data available, leading to actionable insights into your company’s Financial and ESG performance, it helps identify and manage potential risks and opportunities related to Finance and ESG . In addition, it demonstrates your company’s commitment to sustainable business practices. Integrating ESG into your corporate performance management will help you assess, manage and communicate your ESG performance hand-in-hand with your financial performance.
