Frequently asked questions on ESG software
Data analytics tools are digital solutions to manage data and facilitate processes. These software applications can collect and analyze data in an efficient way. With reference to sustainability, ESG tools can collect data about a business’s sustainability performance, calculate carbon footprints and help prepare the data for CSR reporting.
An ESG analytics tool can help with optimizing your processes and increasing efficiency by providing an overview and detailed insight into your sustainability performance. It provides reliable information efficiently, which can then serve as a basis for strategic decisions, measures, and sustainability reporting.
ESG reporting is the publication of a company’s Environmental, Social and Governance (ESG) impacts as well as its sustainability measures. ESG reporting not only helps you to improve your credibility and reputation among your customers and stakeholders – it is also becoming a necessity for certain companies due to regulatory requirements. Increasing momentum through upcoming frameworks such as the CSRD reinforces the need to report a company’s sustainability performance.