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Sustainability is an Opportunity to Thrive
What if ideals can drive growth and sustainability, ultimately leading to profitability? As corporations strive to address today's biggest challenge, we believe it's an opportunity for companies to succeed. How? By making the invisible data visible to reveal key insights, enhancing efficiency, resiliency, and productivity, which in turn can optimize the customer experience, streamline compliance capabilities, and drive stakeholder value. Through our portfolio of sustainability software, consulting services, and ecosystem of partners, we create powerful solutions across key business imperatives. Sustainability is not a risk to be managed, but an opportunity to thrive. It powers insights, drives growth, and gives your business the ability to take on any future challenge.
What is ESG and What Does it Mean for Your Business?
ESG stands for environmental, social, and (corporate) governance. It is a set of practices and metrics used to evaluate a company beyond its financial performance.
In other words, ESG practices and metrics offer a way to measure a company’s health and stability beyond what may be deduced from the numbers on its balance sheet.
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 activities while improving investor transparency and inspiring other organizations to do the same.
1. Energy
Are you optimizing delivery routes and ensuring machines and lights are off when not in use? Is your energy sourced from fossil fuels or renewables? Your approach to these questions will define your performance in this category.
2. Greenhouse Gases
The federal government targets a 40% to 45% reduction in Canada’s greenhouse gas (GHG) emissions from 2005 levels by 2030, aiming for net-zero emissions by 2050. Companies that fail to align with these goals may miss out on emerging business opportunities in the greener economy.
3. Water
Water scarcity is increasingly critical, even in North America. Industrial water use is under heightened scrutiny, so aim for maximum efficiency in your processes.
4. Pollution
Consider the pollutants from your drains, exhaust pipes, and chemical waste disposal. These pollution sources can negatively impact your ESG evaluation, reputation, and the environment.
5. Waste
Minimizing waste is essential. Each piece of waste signifies inefficiency, akin to throwing away money with your trash.
6. Materials
Evaluate the sourcing of your materials. Are they from renewable resources? Are they recyclable? Reducing your environmental footprint starts with the materials your business uses.
7. Encroachment on Nature
Avoid letting your business operations encroach on natural areas such as riverbanks, wetlands, and forests. Degrading these areas can damage your reputation, incur penalties, and harm ecosystems. Ensure your business is not built on sensitive land and strive to minimize your environmental footprint.
Learn More
ESG reporting software from IBM® Envizi™ integrates a suite of products that help you capture and manage all your ESG data in a single system of record and report with confidence knowing that your data is auditable and finance-grade.
Capture Your ESG Data in a Single System of Record
These products allow organizations to report in alignment with external frameworks such as GRI, ESRS, SASB, GRESB, the UN SDGs and others by consolidating questions from these frameworks into one platform in an easily exportable format.
All this is made possible by a powerful engine that automates ESG data capture and tracks performance over time, allowing you to meet your ESG reporting commitments easily.
Key features across the ESG reporting suite of products include:
- Access to multiple framework questions in one place such as ESRS to support CSRD reporting, GRI, SASB, SFDR, UN SDGs and TCFD
- Integrations with ENERGY STAR® and NABERS for scores and ratings
- Access to compliance and management reporting templates
- Single portal for value chain stakeholders to report their ESG metrics