Carbon accounting software offers a comprehensive solution for streamlining the process of measuring, reporting, and analyzing carbon emissions. While the initial costs may appear substantial, they are outweighed by the increasing necessity for businesses to embrace ESG principles and comply with stringent regulations on carbon reporting. Assessing the return on investment (ROI) of carbon accounting software is therefore critical for articulating a strong value proposition to stakeholders. Calculating the ROI of carbon accounting software A strong ROI on carbon accounting software not only su ..read more

The adoption of environmental, social, and governance (ESG) metrics in executive compensation plans has continued to increase globally. In 2022, 77% of listed companies in Europe and North America incorporated ESG metrics into their annual or long-term incentive plans, an increase from 68% in the prior year. Notwithstanding its growing popularity, this form of ESG integration is still uncharted territory for many organizations, prompting questions about metric selection, implementation tactics, and why it’s all happening.  Which ESG metrics are being used and where?  ..read more

In today’s corporate sustainability reporting landscape, quality ESG data is imperative for effective ESG program integration. However, the management of ESG data is a complex endeavor, characterized by diverse datasets, varied data management solutions, and a lack of standardization. As the demand for reliable ESG information grows, the risks associated with “garbage in”—inaccurate, incomplete, or unreliable data—are becoming increasingly apparent.  Let’s take a peek at what those risks are, and what you can do to avoid them.  A complex data landscape ESG data encompasses a wide ra ..read more

ESG disclosures for corporations are rapidly becoming an essential requirement. Today, most of the largest companies around the world publish ESG reports. According to a 2022 KPMG survey, 79% of the N100 and 96% of the G250 companies now report on sustainability. As regulations and guidelines proliferate, we’re approaching a point where ESG reporting is increasingly becoming a mainstream practice. Understanding ESG reports An ESG report is a public document that discloses environmental, social, and governance data, providing stakeholders with insight into how effectively a company manages its ..read more

Getting a pulse on what ESG stands for in business is integral to driving positive change and long-term sustainability performance. In Part 2 of this blog series, we’ll examine why ESG is inextricably—and increasingly—linked to business success. Additionally, we’ll explore some common ESG implementation challenges and propose best practices for overcoming them.  What is ESG in business? ESG issues are core business considerations grouped as environmental (E), social (S), or governance (G) matters (see figure below). They hold the same weight as financial factors. Remember that not all ES ..read more

What is ESG? Why is it important to modern businesses? Which stakeholders care most—and why?   This blog post constitutes the first of a two-part series where we’ll unpack these questions. To get started, we’ll provide an introductory overview of this elusive three-letter acronym (and why it’s more topical than ever).   The time is now  We are globally awakening to the need to better manage sustainability-related issues. Societal challenges such as climate change, biodiversity loss, and widespread income inequality are grave and distressing, constituting both intercon ..read more

As investors seek to evaluate companies beyond their financial performance, environmental, social, and governance (ESG) issues have gained prominence in financial markets. ESG disclosures offer insight into crucial factors not captured in traditional balance sheets, including information on long-term sustainability impacts. In this context, investors are seeking additional, complimentary tools such as ESG scores to assess corporate performance and identify risks.   But what are ESG scores? Who produces them? And how do they shape sustainable investment decisions? What are ESG scores ..read more

Amidst growing investor expectations for high-quality climate-related financial disclosures, organizations are increasingly turning to the TCFD for guidance. But lingering confusion remains about what the TCFD entails, including its recommendations and their underlying benefits. Aligning with the TCFD framework can be especially challenging in the absence of comprehensive ESG data management systems. Luckily, TCFD reporting tools have proven to be invaluable in facilitating this process. In this post, we’ll provide an overview of the TCFD, including its core recommendations, disclosure princip ..read more

In today’s rapidly changing business landscape, the concept of Environmental, Social, and Governance (ESG) reporting has gained significant traction. ESG reporting refers to the practice of disclosing a company’s performance and impact across various environmental, social, and governance activities. It provides stakeholders, including investors, customers, employees, and regulators, with essential information about a company’s commitment to responsible and sustainable practices. For transparency reasons, it’s important to note that Novisto is a solution in the ESG reporting software industry ..read more

As the need for ESG reporting steadily rises, understanding the words we use in this space is more imperative than ever. This post will be dedicated to unpacking ‘ESG data management’, its role in the reporting process, as well as its benefits.  In this vein, we’ll take a look at the fundamental concept of ESG data and its link to sustainable business practices. Lastly, we’ll provide some guidance on how to go about selecting the best ESG data management solution for your organization.  ESG Data Management—a rapidly changing landscape   In today’s rapidly changing regulatory l ..read more