Environmental, social and governance (ESG) considerations are driving a complete reframing of how we measure value. It’s more than legal compliance, more than ticking boxes. Investors, consumers, employees, suppliers and other stakeholders are putting pressure on organisations of all types to put sustainability at the heart of business.
ESG refers to Environmental, Social, and Governance factors that are increasingly being considered by investors when making investment decisions. ESG factors are used to assess the sustainability and ethical impact of an investment, and can be used to identify potential risks and opportunities associated with a particular investment.
Environmental factors refer to the impact of a company or investment on the environment. This can include issues such as climate change, pollution, and waste management. Social factors refer to the impact of a company or investment on society, including issues such as labor standards, human rights, and community relations. Governance factors refer to the internal management of a company, including issues such as executive compensation, board diversity, and shareholder rights.
The risk of human error, an inability to edit data collaboratively (at the same time), and a lack of intelligent insights are reasons that the use of spreadsheets for disclosure processes leaves a lot to be desired. Instead, organizations should be looking for a unified solution that provides a single version of the truth. Data is no longer siloed across multiple locations.
In addition to data management and analytics, Board’s platform offers workflow and collaboration features that enable companies to streamline their ESG initiatives. Users can set targets, assign tasks, and track progress towards ESG goals, ensuring that the organization stays on track and accountable. The platform also facilitates collaboration among different departments and stakeholders, promoting cross-functional alignment and knowledge sharin.
Collect data from multiple data sources (excel, txt, databases)
Collect data from multiple data sources (excel, txt, databases)
Collect data from multiple data sources (excel, txt, databases)
Check & Control data, create and perform calculations
Collect data from multiple data sources (excel, txt, databases)
Monitor process and workflow, Comply with regulatory mandates
Collect data from multiple data sources (excel, txt, databases)
Report and analyze with all supporting details and remarks (audit trail)
Collect data from multiple data sources (excel, txt, databases)
Report on Environment, Social and Governance KPI’s
With all information explained, checked and reported internally, also the steps towards
reporting to stakeholders via annual or quarterly reports and (i)XBRL is safer and
faster. Also, CSRD and ESRS are part of the external reporting towards stakeholders.
With ESG/CSRD in Board, you are able to use multiple schemes while importing data in and/or exporting data from Board. This creates both flexibility, efficiency and accuracy in managing data.
With Board, all users and data are in one single platform. In the platform there is functionality to collaborate via chat, remarks and workflow. So for each user and for each step or topic in the ESG process, there is the possibility to comment, to show and track progress and status in order to have an efficient and transparatn process with all people involved in the ESG report.
All internal and external ESG reporting can be done via Board, including tables, graphs and comments. There are many examples to show and also, your own look and feel can be used.
All types of information can be stored and used in Board: financial, non financial and also text and pictures/documents.
