From Clutter to Clarity:
Deloitte’s 2023 global survey found that the threats posed by climate change are a top issue for the C-suite. Despite this, most organizations are lagging in their efforts to address the challenge, with KPMG finding that 75% of companies are not ready to have their environmental, social, and governance (ESG) data audited. And with new data switzerland whatsapp number data regulations coming into effect in 2024, it’s imperative that companies rethink their sustainability approach; otherwise, they run the risk of being viewed as greenwashing.
To get ESG efforts on track, organizations need to:
1. Take a systematic approach and understand their entire operating environment, including the supply chain, to identify emissions, redundancies, and technologies not fully utilized. Too often, organizations rely on spreadsheets rather than software to track ESG progress, which drives reactive decision-making. What’s more, this can create data discrepancies, which in turn fuel greenwashing claims.
As pressure mounts to provide transparency into sustainability initiatives, it’s vital to have robust data to support and direct efforts. Companies need a reporting environment with high-quality data and traceability. Dedicated software can help track progress toward targets by automating emissions measurement and providing information that allows organizations to adjust their strategies based on trends and patterns. In addition, businesses can gain predictive insights and recommendations by harnessing emerging technologies such as AI and ML.