组织如何实现ESG数据掌握

HOWORGANIZATIONSCANACHIEVE ESGDATAMASTERY HOWORGANIZATIONSCANACHIEVE ESGDATAMASTERY Frompolarvorticestoragingbrushfires,climatechangeiscontinually inthenews.Awarenessofsocialinjusticeisgrowing,whileworriesabout privacythreatentostifleinnovation. Environmental,socialandgovernance(ESG)issueshavebecomeascentraltothebusinessenvironmentasinflationandinterestrates.Inthewakeofthepandemic,consumers,investorsandregulatorshavewokenuptotheethicaldimensionsofeconomicgrowth.OrganizationsthatfailtoaddresstheESGimpactsoftheirproductsandoperationscouldquicklyfindthemselvesinsteepdecline,facingatribunal,orforcedtopayaheftyfine. Inthesimplestterms,customerswantthecompaniestheybuyfromtomakeapositivecontribution.ByprioritizingESG,businessescanbuildtrustbyclarifyinghowtheiroperations,supplychainsandproductsmaketheworldabetterplace. That’sanopportunity—butitcomeswithresponsibility.Customersandinvestorswantproofthatwordsarebeingbackedupbyactions. Reportingisjust20%ofthetask.ESGdatamanagementconsumestheother80%.1 Againstthatbackdrop,reliableESGreportinghasrapidlybecomeacriticalissue. ThecriteriafordemonstratingESGperformanceincludenetzeroprogress,socialimpacts,employmentequity,productsafetyandthegovernanceofpersonalandcommercialdata.Buthowdoyouproveyou’vehitanESGbenchmark? •WhileregulatorystandardsforESGreportingareevolving,differentnationalandregionalregimesdon’talwaysoverlap. •Insidecompanies,individualdepartmentsoftencollect differentinternalandthird-partydata. •Muchoftheinformationcollectedisn’tfinancial,yetfinancialrigoriswhateveryoneexpects. DataplaysanobviousroleinevaluatinganybusinessperformancebutcreatinganactionablestoreofESGdataremainsanobstacle. Inthispaper,CapgeminiandInformaticawilldetailthechallengesorganizationsfacewhenattemptingto consolidateESGdatatounderstandandreportontheirESGstanding.Theywillalsosharesolutionsforconfident,data-drivendecision-making. 1.Source:LeventErgin,GlobalChiefESGSustainabilityStrategist,Informatica 1HowOrganizationsCanAchieveESGDataMastery MARKET DRIVERS Inthepast,ESGreportingwasvoluntary.NowthattherisksattachedtoESGmetricsarebecomingclearer,regulatorsaremakingitmandatory.Significantnewreportingregimesinclude: •TheInternationalSustainabilityStandardsBoard(ISSB)haslauncheditsinauguralstandards,InternationalFinanceReportingStandards(IFRS)S1andS2,newsustainability-focuseddisclosurerequirementsthatwillprovideaglobalbaseline •TheESGreportingproposalissuedbytheU.S.SecuritiesandExchangeCommission(SEC)inMarch2022issettogoliveinJanuary2024 •TheEUSustainableFinanceDisclosureRegulation(SFDR),whichnowmustbestandardinanydatagovernancesystem •TheEUCorporateSustainabilityReportingDirective(CSRD),whichwillimpactatleast50,000companiesandimposemandatoryESGreportingrequirements •TheUKGreenFinanceStrategy,whichmatchestheambitionoftheEUActionPlanforfinancingsustainablegrowth IfESGdataisofpoorquality, ESGreportsmaybeinaccurateorerror-prone—withnegativelegalandbusinessconsequences. Butregulatorsaren’ttheonlystakeholderswhoserequirementshavetobeconsidered. Consumerswanttoseecredibleevidencethattheethicalclaimsabusinessmakescanbebackedupbyhardnumbers. Investorswanttoknowwherethe ESG-relatedrisksareintheirportfolios —alongsidedisclosureofESG-relatedopportunitiesandthepotentialfinancialimpactofeachone. Andwithinthecompaniesthemselves,ESGdataneedstobebroadlyaccessibletobusinessusersoutside ofITdepartmentsordatascienceunits.Differentgroupswillhavetheirownoperationallensesandneedtoviewdatainwaysthataremeaningfultotheirspecificresponsibilities,objectivesandgoals. 2HowOrganizationsCanAchieveESGDataMastery MANAGING ESGDATARISKS ThedownsideofgettingESGreportingwrongisconsiderable.AmidsttheintensifyingpressuretoenhanceESGanalytics,includingtheimpactofclimaterisksonbusinessissues,suchassupplychaininterruptions,thereare alsosignificantriskstoconsider –penalties,accusationsofgreenwashing,reputationaldamageandheightenedregulatoryscrutiny. AsESGcommitmentsbecomeacomplianceandriskmanagement priority,chieffinancialofficers(CFOs)musthaveauditableandverifiableESGreporting.ThismeansCFOsmustworkcloselywithchiefsustainabilityofficers(CSOs)andchiefdata officers(CDOs)toensurethatalltheappropriategovernancecontrolshavebeenappliedtoESGdata. ManycompanieslooktoESGratingagenciesforhelpwithdatasourcing. However,youcan’toutsource responsibility.Regulatorsaroundthe worldexpectstandardsofqualityandgovernancebeapplied,andinsuranceprotocolsareadheredto, regardlessofhowESGdatahasbeensourced. Iftheunderlyingdataisofpoorquality,incomplete,outdated,orofunknownlineage,thatcanleadtoinaccurateESGreports.Your organizationwillbeheldresponsible. AnalysisbytheEUfoundthat42%offirmsengagein“greenwashing,”makingfalseor unsupportableESGclaims.2 2.EuropeanCommission,Screeningofwebsitesfor‘greenwashing’:halfofgreenclaimslackevidence 3HowOrganizationsCanAchieveESGDataMastery BUILDINGA SUSTAINABILITY DATAHUB(SDH) Giventhemeteorological,chemicalandbiology-basedassessmentsaggregatedintoESGreports,havingdatathatcanstanduptoscientificscrutinyisvital.Themetri