Introducing ESG Management & Reporting

[svetlanazenkin]

ESG is top of C-suite agendas for 2022. It stands for “Environmental, Social and Governance” and covers a broad set of issues that impact a company’s stakeholders beyond shareholders, including employees, customers, the environment and society. Expectations for impact and demands for transparency are rising quickly:  

• Investors are increasingly asking about their portfolio companies’ ESG strategy and performance 
• Third-party firms like MSCI, Sustainalytics, and ISS are evaluating companies and sharing scores with investors and the public 
• Clients are peppering their vendors with ad hoc requests for ESG information.
• Governments across the globe are signaling and adopting ESG reporting regulations.  

Whether your company already runs a formal ESG management and reporting program or is just considering creating one, the growing number and complexity of ESG reporting frameworks, ratings, questionnaires and regulations can be overwhelming. The reporting processes are often complex, arduous, and expensive - with manual collection and analysis of hundreds of data points and dozens of subject matter contributors, legal approvals and executive management reviews. For many companies, the time and resources spent managing and reporting get in the way of driving environmental, social and business impact. 

Introducing ServiceNow ESG Management & Reporting and ESG Operational Control solution 

ServiceNow is helping our customers workflow a better world, and we are excited to announce new tools to help companies strategize, plan, monitor, and report on their ESG activities. With the ESG Management & Reporting (ESGMR) product, companies can organize, monitor, and report on their ESG strategy and progress through the following steps: 

• Documenting strategy, including material topics and goals 
• Collecting data both manually, through requests to data owners, and automatically, by connecting to other systems of record, including HR, procurement and finance 
• Monitoring progress towards goals using convenient dashboards 
• Creating disclosures and reports for internal and external use 

ESGMR features pre-built integrations with SASB and GRI, key ESG reporting frameworks. In addition, the tool seamlessly integrates with other ServiceNow and third-party systems to enable automated data collection.  

For organizations interested in moving beyond disclosure-based ESG programs, we offer an “ESG Operational Control” solution, which boosts ESGMR with the power of our market-leading Integrated Risk Management (IRM) and Project and Portfolio Management (PPM) products. The solution encourages companies to mature and formalize their ESG program by providing tools to bridge between goals and execution, and to introduce formal governance and oversight of their programs through documentation of policies and controls, risk management, and audit support.  

Organizations that are new to ESG can use ESGMR to quickly stand up a robust ESG reporting program. Companies with more established ESG programs can significantly reduce their resource drain and focus on driving impact and value, while maturing their ESG initiatives to formally-governed programs that are integrated into business operations.  

Learn more 

Our flexible, powerful and easy-to-use ESG solution can help you efficiently meet and exceed investor, client, employee and other stakeholder expectations. To learn how our new ESG offerings can help you, register for our next webinar, visit servicenow.com/esg-management, or request a demo today by replying to this blog post.
 
 

[Blji]

Hello @svetlanazenkin,  Is there an OOB ESGMR solution for ESRS? Thanks for this article and the webinar links.

[Ryan Dent]

Hi Blji,

Yes, we provide the ESRS regulatory content out of the box as part of our ESGMR solution. This allows customers to ensure compliance against regulatory drivers like CSRD.

Thanks,

Ryan