How Sustainability and CPM Software Are Shaping Controlling Practices

The significance of ESG (Environmental, Social, Governance) has grown considerably in recent years. This shift is driven not only by evolving laws and guidelines but also by the heightened awareness and demands of consumers and customers. A greater transparency not only aids in regulatory compliance but also establishes a new foundation for competitive advantages.

The Current ESG Landscape

Investors, customers, and other stakeholders increasingly expect companies to disclose and improve their ESG performance.

• Environmental: This encompasses use of natural resources, emissions management, waste management practices, and contributions to mitigating climate change.
• Social: This includes aspects such as working conditions, human rights adherence, health and safety protocols, as well as relationships with employees, suppliers, and the broader community.
• Governance: This involves corporate ethics, transparency in operations, board structure, anti-corruption measures, and compliance with all relevant legal regulations.

The Impact of ESG Goals on Day-to-Day Work

ESG integration means a greater focus on data integration and analysis, comprehensive reporting, and enhanced internal communication. Various departments play a crucial role in ESG reporting, collecting relevant data and incorporating it into existing reports. This requires ensuring the accuracy and completeness of this new layer of information. ESG reports must meet both regulatory requirements and the expectations of stakeholders. This new additional expectation can be very time-consuming and take time out of your employees’ day where it could be better spent elsewhere in your business.

ESG reporting includes:

• Data Management: Ensuring that all ESG data is collected, validated, and seamlessly integrated into reports.
• Collaboration: Working closely with other departments to ensure all facets of ESG are comprehensively addressed in reporting.
• Continuous Learning: Staying informed about new regulatory requirements and best practices in the ever-evolving field of ESG reporting.

How Corporate Planner Supports ESG Efforts

This is where Corporate Planner comes in. Corporate Planner provides controllers and finance teams with the software infrastructure necessary to support the broad scope of operational and strategic controlling, which now increasingly includes ESG. From efficient data entry to the generation of comprehensive reports, Corporate Planner assists your team in efficiently tracking a range of metrics that reflect on your business as a whole. This takes a significant amount of pressure off individual team members and frees up valuable time, with reliable software acting in the background to pull the information together automatically. With Corporate Planner you can efficiently track your company’s ESG efforts with minimal stress and more time saved.

Account-Ability are experts with Corporate Planner, so to get started with a plan on implementing this software within your own business, click here to contact us.

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