Many sectors are feeling the pressure of increasing ESG data management demands — and financial services especially. The challenges are many and varied: Lack of clarity on ESG data, ESG reporting frameworks that aren’t yet optimized, and obstacles to sharing ESG data are just a few.
Ultimately, the objective of your ESG data management is to offer the best reporting and insights you can. To regulators, customers, and supply chain partners alike. Here, we take a look at how smart, effective tooling can support these efforts.
Enable continuous ESG data management
Ideally, your ESG reporting frameworks will enable constant, consistent data collection and analytics. From upstream and downstream around your financial services organization, across business units and hierarchies.
With a reliable reporting engine, you can gather a full ESG picture for your organization. With ServiceNow, this structured ESG data collection is made easier: You can validate and display quantitative and qualitative data from multiple sources. You can also monitor performance with ease, ensuring regular progress tracking against ESG objectives across your enterprise.
Standardize ESG reporting frameworks for usable outcomes
For useful output, your ESG data-gathering will need to adhere to agreed-upon definitions. These can be internal to your business, across metrics and global locations, and aligned with your organization’s ESG strategy. They’ll also need to align with applicable external standards.
With ServiceNow’s automated disclosure feature, you’ll stay informed organization-wide with streamlined reporting against standards and regulations such as SASB, TCFD, and CSRD.
Ensure ESG data and analytics are recent, relevant, correct, and complete
By streamlining data collection with ServiceNow, you can automatically collect and verify data to ensure disclosure reliability and readiness. Likewise, it will provide a single source of truth for your finance organization’s ESG and sustainability topics, goals, and numbers.
This ability to view your current and full ESG story at once, with the challenging ESG data management taken care of, frees up time to focus on interpreting and appying insights to advance your organization’s ESG policy.
Configure ESG data management once, finetune continuously
At DXC, we use ServiceNow to manage our own ESG data management and reporting. Like financial services organizations, we also have a large digital footprint. So we’ve experienced first-hand the specific ESG data management challenges you face, as well as how to avoid common mistakes.
We have a library of ESG data management components based on the standards and elements expected for annual reporting, and we offer these to help organizations rapidly optimize their ESG data and analytics approaches. We support you to roll them out across your business units, teams, locations, and reporting aspects. With manageable approaches, for tangible outputs.
Master ESG reporting with ServiceNow
With ServiceNow ESG data management, you’ll be primed to improve your organization’s ESG program with easy data collection, on-demand progress monitoring, and minimal reporting.
Want to find out more about ESG data management with ServiceNow? Contact us for an introductory call.