In the rapidly evolving business world, ESG (environmental, social, and governance) data has become a critical component across all areas of institutions. Stand-alone solutions, however, focused on individual areas, are no longer sufficient and make dealing with ESG data extraordinarily time-consuming and complex.
Data complexity, the variety of sources, and the lack of standardized reporting frameworks hamper ESG decision-making processes, and the constantly changing regulatory environment also poses a significant challenge. As the areas requiring extensive ESG data increase, ESG reporting is becoming a key component of company strategy and risk management, particularly in the context of the green transition. Companies increasingly seek sustainability reporting solutions to manage ESG data end-to-end, reducing manual data sourcing and streamlining data usage. One such solution is the BearingPoint ESG Data Hub.
The white paper outlines the challenges institutions face when dealing with ESG data management and presents a data management framework designed to fulfill data needs and reporting requirements. The paper details ESG data needs and discusses data sourcing, including sourcing data from a data marketplace to obtain data from different sources. It also discusses data management strategies and processing, providing insights into data analytics, consumption, and reporting. Best practices are also presented, which allow companies to stay ahead of the regulatory curve and maintain a competitive advantage in ESG data management by dealing with it holistically.
The BearingPoint ESG Data Hub is a holistic solution that manages data-end-to-end and improve data resilience. It facilitates data analytics and visualization, providing institutions with all the tools they need to master ESG data management.
Read more about this in our white paper, which is available in the download area. This paper was created in collaboration with Snowflake. Our team of experts will be happy to provide you with further information.
