A new report from Sedex, the trusted partner for environment, social and governance (ESG) and sustainability data, identifies the key data to collect for businesses looking to conduct effective ESG reporting.
ESG has become a business priority, as companies respond to investors’ increased interest in social and environmental performance. But a lack of reporting standards, with varying requirements across different ratings providers and frameworks, makes it incredibly challenging for businesses to meet ESG demands efficiently.
Data and technology provide essential solutions to this challenge. Capturing the right information equips a company to achieve ESG goals and supports other sustainability activities, such as producing modern slavery statements and demonstrating tangible progress against targets.
Data to meet multiple sustainability goals
Sedex has identified the data businesses need most to meet ESG demands, and which feeds into many other sustainability-related activities. Gathering this data can save companies time, reducing duplication and effort, and helping build supply chain visibility to make more informed decisions.
The 10 data areas:
- Air emissions
- Water use
- Physical waste
- Worker demographics
- Accident and injury occurrences
- Worker access to freedom of association
- Modern slavery risks and occurrences
- Gender pay gap
- Corruption risks and occurrences
- Governance bodies
Data-led technology and tools enable businesses to collect, store, share and report on this data at scale across global operations and supply chains. Sedex’s Radar risk tool, for example, provides over 340,000 risk scores across countries and industries for businesses to compare social and environmental risks around the world.
Jon Hancock, CEO at Sedex, says: “Data on a business’s operations, employees and supply chain is crucial for identifying and tackling social and environmental sustainability issues, and evidencing a company’s ESG impact in a credible way. This data, and the insight it brings, also supports many other business benefits – including more effective risk management, better response to supply chain disruption, and improved reputation with stakeholders including consumers.
“We empower companies to do this with our solutions, including bespoke support on a company’s particular ESG and sustainability needs, and the tools to execute activities at scale. Businesses can capture the data they need in the most efficient way.”
View the full insights report on the 10 core data points here.