Strategic Focus: How Corporations Can Leverage Software to Manage ESG Risks
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Executive Summary
Businesses are under immense pressure to manage a myriad of ESG risks from an ever-increasing number of stakeholders. To manage these risks strategically and make effective business decisions, firms must collect and track data on an ongoing basis. Although a recent Verdantix survey indicated that firms are still heavily reliant on spreadsheets for managing certain aspects of ESG risk, a growing number of organizations are expected to turn towards digital solutions to help them with aspects of their ESG risk programmes. This report provides an overview of the variety and complexity of ESG-related risks faced by firms, as well as the types of digital solutions corporate leaders can use to best manage these risks.Understanding The Importance Of Effective ESG Risk Management
Firms Need To Understand A Myriad Of Risks To Inform Their Sustainability Programmes
A Diverse Set Of Buyers Will Look for Digital Solutions To Manage ESG Risks
Numerous Digital Solutions Are Available To Help Firms Manage ESG Risks
Figure 2. Examples Of ESG Risk Factors
Figure 3. Examples Of Financial Impacts Related To ESG Risks
About the Authors
Kim Knickle
Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain…
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Jessica Pransky
Principal Analyst
Jessica is a Principal Analyst in the Verdantix ESG & Sustainability practice, which she joined in 2022. Her current research agenda covers ESG reporting and data manageme…
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