Application facilitates environmental, social and governance data collection

An all-in-one  environmental, social and governance (ESG) management solution has been developed to help  organisations comprehensively manage and report on ESG and sustainability performance.

IsoMetrix recently launched the ESG application (app), built on its IsoMetrix Lumina software as a service platform. The ESG product was developed to support corporate sustainability and management professionals in the collection of key data necessary to report ESG metrics efficiently, accurately and in alignment with relevant standards and frameworks, as well as to raise and manage related actions to improve overall ESG performance.

The app is designed to enable organisations to:

• Meet governance reporting requirements related to executives, investors, customers, rating agencies, regulators, and operational stakeholders
• Reduce environmental impacts and positively affect social factors such as diversity and inclusion
• Identify operational efficiencies that will lower costs

Additional features include:

• Data can be gathered directly from people using data requests, inspections, and surveys
• A calculation engine that can be used to measure carbon footprint
• Built-in and maintained ESG reporting standards
• Analytical layer allows organisations to interrogate and visualise data
• Specialised advisory partners available to support ESG initiatives

IsoMetrix asserts that its ESG solution allows businesses to define which data needs to be disclosed, provides the toolset to collect the required data and display it for analysis by means of a range of dashboards, as well as package it for reporting purposes.

It also comprises multiple functionalities designed to assist ESG professionals, including the ability to track ESG standards using the Indicators Library, the housing of pre-defined question sets and other content aligned with Global Reporting Initiative, Sustainability Accounting Standards Board, World Economic Forum, and Task Force on Climate-Related Financial Disclosures standards, full audit tracking, built-in collaboration features, and the availability of so-called ‘intelligent’ assistants such as a data validation engine, and a separate calculation engine.

“We've invested heavily to develop this next generation of software which will see us into the future. Our ESG application represents a sea change in the way corporates and the economy in general are going to work. This first application on the IsoMetrix Lumina platform will help organisations manage their information better, trace it, make it auditable, and report on it to a higher standard, and we'll only be increasing its capabilities over the next few months. For all our customers, this will mean a faster return on investment and less time needed to see real results. We can’t wait to see our customers receiving the benefits!” enthused IsoMetrix COO Dr Giles Nelson.