Given the diversity and depth of the data involved in measuring ESG, it is often extremely time-consuming to locate all the data required for analysis disclosure. This is one contributing factor to the lack of frequency observed when it comes to sustainability reporting.
Many organizations tend to release a comprehensive sustainability disclosure annually, often due to the difficulty involved in gathering the data required for one. Here, it is key to remember that the inclusion of the right data and insights makes the difference between an impactful report and one that’s simply extensive.
The urgent need to move beyond spreadsheets
Historically, spreadsheets have been the go-to resource when it comes to collecting and analyzing all ESG-related data. While this is still a viable option for small-scale sustainability strategies, this is no longer a potential approach for larger organizations invested in sustainability.
As data grows more diverse, housing them in spreadsheets can become difficult. And there will come a point when a spreadsheet tool can no longer handle the volume of data you need to report as part of your sustainability and ESG strategy.
This highlights the need to adopt better technology that can support your growing sustainability agenda. The technology that makes the collection and analysis of ESG data possible should be capable of dynamically handling growing bytes of information, offering rich functionalities that make collaboration easy and presenting possibilities to generate visually engaging dashboards rife with reports and graphs.