Environmental, social and governance (ESG) issues have become more complex and multifaceted than ever before. At the same time, ESG continues to ascend on board and leadership agendas.
On the environmental side, corporations must accelerate their response in areas from water and fossil fuel consumption to environmental waste and climate change, all while navigating social issues such as pay equity and fair labor standards. They must also consider the increased attention to responsible, efficient governance, particularly in areas such as executive compensation and
CEO succession. Meanwhile, ESG standards continue to be refined and are gaining increasing importance alongside shareholder questions and expectations.
The scope of ESG spans across all areas of an organisation and touches many parts of the business, both internally and externally. It can be challenging to connect complex and evolving ESG issues with operational objectives, business strategies and organisational risk, at the same time as delivering the right information to the right people for informed, timely decisions.
In this buyer's guide, we explore what a market-leading ESG solution should look like and highlight the key areas organisations should be prioritising as they embark on their search:
- Flexibility
- Data collection
- Monitoring and reporting
- Specialised functionality in climate/sustainability and executive compensation
- Service and support
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