IDC reports organisations turning to ESG software

A report by International Data Corporation (IDC) found organisations with the most mature environmental, social, and governance (ESG) strategies are increasingly turning to software platforms to meet their data management and reporting needs.

This represents an important transition toward independent ESG programme management and away from dependence on ESG consultants and service providers. The report also revealed that the management of sustainability goals was the most important business priority for ESG software.

Ash Finnegan, Digital Transformation Officer at Conga, comments on these findings and explains how businesses should approach their ESG strategies.

Ash said, "IDC’s report shows that companies’ digital ambitions have shifted. These findings clearly indicate that businesses are looking to fine-tune their ESG goals and improve their overall operational efficiency, prioritising reporting, as well as data and risk management. It found variations in ESG maturity across key industries with the manufacturing and services sectors being further along in their ESG journey. Whilst software platforms will play an essential role in an organisation's ESG maturity journey, businesses really need to take ownership of their own programmes, and not be entirely dependent on providers.

“In order for ESG or sustainability programmes to work, leaders need to take a step back and review how they operate daily. They need to think about how to integrate these considerations and policies within their core business logic and identify which technologies will help them to achieve these goals. System-level change is needed, and this will require a change in mindset. Moving forwards, leaders should focus on establishing a culture of best practice, one that is encouraged and practiced day-to-day, that is in accordance with determined goals.

“ESG is a framework of belief that goes beyond just environmental concerns. It can provide business leaders with the chance to optimise and grow their operations by exploring new ways of doing business. However, for companies transitioning toward independent ESG programme management, they need to find a balance between being overly optimistic, and potentially misleading, statements of change and the actual implementation of new practices. This can be difficult, but it is possible. Leaders should try to address one critical business process at a time and approach their journey in a phased manner.”

More News
11 hours ago
How the financial sector can win the cyber war
It’s no secret that cybersecurity has a significant skills shortage. Research from Swimlane shows that 82 per cent of organisations take three months or longer to fill a cybersecurity role, with 34 per cent reporting it takes seven months or more.
13 hours ago
ASSA ABLOY Door Group hails fire door inspections
Door Group, a division of ASSA ABLOY Opening Solutions UK & Ireland, is calling for a higher calibre of fire door inspections this Fire Door Safety Week, after research found a third (32%) of the British public would not report a problem with a fire door, putting lives at risk.
15 hours ago
The most common causes of fire in workplace revealed
Each year, there are thousands of workplace fires recorded across the UK, many of which could have been avoided if the correct fire safety procedures had been followed, and the right passive fire protection products had been in place.
1 day ago
Abloy UK reinforces importance of access control compliance
Abloy UK has reinforced the importance of fire door compliance after new government statistics revealed a sharp and shocking increase in the number of fires in England.
1 day ago
Nearly 1/5 UK employees feel undervalued at work
A new report has found that almost a fifth of UK employees, around 5.5 million people, feel undervalued at work.
1 day ago
Optibac Probiotics selects Fresh Relevance for cross-channel experiences
Fresh Relevance, a Dotdigital company, has been selected by Optibac Probiotics for its personalisation platform to power personalised experiences for its customers across emails and the website.
1 day ago
Snom Technology listed in Highly Trusted Companies 2023 study
In the ‘Highly Trusted Companies 2023’ study, Snom Technology, experts in the telecommunications industry, has been recognised as an outstanding company that customers in Germany and beyond can trust.
2 days ago
Cradlepoint 5G outdoor adaptor re-designed
Cradlepoint, experts in cloud-delivered LTE and 5G wireless network edge solutions has announced the re-designed outdoor Cradlepoint W1855-5GC Wideband Adaptor.
2 days ago
Zyxel Networks and Intec Micros scale Snowdon for charity
A group of eleven employees from Zyxel Networks and distributor Intec Micros recently took part in a six-hour hike up Yr Wyddfa (Mount Snowden) in Wales to raise funds for Birmingham Children's Hospital.
3 days ago
UK IT professionals flag audio quality as gap in hybrid work success
Shure, a manufacturer of audio solutions, commissioned market research firm, IDC, to conduct a study that investigates the hurdles organisations are facing as they implement hybrid working.

Login / Sign up