Environment, Social and Corporate Governance (ESG) Reporting
ESG evaluates companies in a variety of different factors related to environmental impact, social conscience and corporate behavior. All companies struggle with evaluating these so ESG reporting approaches this from a standard based approach mandated by the the regulatory bodies.
Measure Rate
ESG and CSR are very closely related. The key differentatior is that ESG is typically a rating and score system that’s provided by different audit and advisory firms. ESG therefore still requires consistent high quality data to calculate the score. Investors, employees and other stakeholders can use this ESG score to understand the impact the company has. This is further enhanced and governed by regulatory reporting requirements along with CSR.
What does this mean for companies?
The ideal situation is that you reuse your existing CSR reporting information and data for ESG scoring and rating. This is very possible as long as the data required is very similar which it typically is. This “two birds one stone” mentality is being applied globally via the standards of XBRL (and taxonomies) where the elements are reused.

What People Are Saying About ESG
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