DIGITAL TRANSFORMATION
ENHANCING ESG REPORTING THROUGH DIGITAL TRANSFORMATION
As ESG reporting requirements increase globally , organisations are turning to digital transformation to improve data collection , analysis and communication around their ESG performance and impact .
A key challenge is quantifying and monitoring Scope 3 emissions across the entire supply chain , which can account for 70 % or more of an organisation ’ s carbon footprint . Levent Ergin , Informatica ’ s Global Chief ESG Sustainability Strategist , emphasises leveraging technology to automate data collection from suppliers , apply data quality rules and combine insights with the organisation ’ s own data assets in a centralised view .
“ Digital transformation initiatives that bring synergy and simplicity to data can simplify reporting and give organisations confidence in the ESG figures they communicate . As a starting point , organisations should look for opportunities to automate processes with technology . A selfserve model , where data collection from suppliers is automated and data quality rules are applied , means organisations can be confident in the completeness of the data . Combining this insight with an organisation ’ s own data assets , in a central place , can provide a rich archive of data in a single structured view .”
Digital transformation can also drive datadriven decision making by providing granular insights into where operations and supply chains can be decarbonised and improved . Dr Matt Bell , EY ’ s Global Climate Change and Sustainability Services Leader , highlights the potential of data analytics and AI to accurately track and report a wider array of sustainability metrics .
122 August 2024