ESG, SASB, GRI, TCDF, CDSB… To those unfamiliar, these acronyms mean nothing. Even to those familiar with Environmental, Social, and Corporate Governance (ESG) reporting, understanding these frameworks can be a serious headache.
ESG reporting started as a response to the need for organizations to go beyond financial metrics. While there are many who may see sustainability pertaining to the environment only, corporate sustainability goes far deeper. It is centred around building long-term stakeholder value by implementing strategies that target a set of Key Performance Indicators (KPIs).
The first framework built on the structure that ESG provides was the Global Reporting Initiative (GRI) in 1997. Its goal was simple: create a global best practice for reporting publicly on a range of economic, environmental, and social impacts. Since then, ESG reporting has exploded, and with it, the need for companies to track these metrics.
Stakeholders and executives alike want to see how their company is doing in the industry when it comes to sustainability. A framework like the Sustainability Accounting Standards Board (SASB) differentiates from 77 industries and takes metrics from each that it deems the most impactful to a company’s operational sustainability. However, understanding and accurately reporting these metrics can be a burden to site managers.
With industry-specific knowledge and extensive experience in data ingestion and reporting, Jump Analytics is well suited to the task. Employing Microsoft Power Apps, users can deploy a front end to sites around the globe, from which site managers can select their preferred ESG reporting framework(s). The selection will present a series of metric input prompts, through which managers can intuitively input the figures and any additional comments they want to track. The mining analytics framework organizes these metrics by framework and KPI into a presentation layer, where agile dashboards will be automatically updated to reflect the latest data. These dashboards can be customized to suit various company needs, from reports, to the COO, to public reporting with catered information and scope.
ESG reporting doesn’t have to be a headache, Jump Analytics is here to help! Contact us today to learn more about the ESG framework and solutions we provide.