ESGHall

Overview

Rising customer and investor awareness concurrent with fast-evolving ESG compilatory regulations have caused many businesses worldwide, including some of the biggest brands, to run into ESG issues. A global online report estimated that S&P 500 companies lost $600 billion due to “ESG Controversies”.

Here are some challenges that ESGHall can help you solve:

• Inaccuracy and errors in manual process - Manually entering ESG data, managing it in spreadsheets, and creating reports is a time-consuming and challenging task. Spreadsheets have many drawbacks, such as data errors, broken workbook links, inefficient collaboration, etc. ESGHall simplifies these manual tasks through low-code automation, improving accuracy by eliminating errors and duplication.
• Evolving regulations - Today, ESG regulations across the globe are becoming more stringent, and they are changing at a fast pace. ESGHall helps your enterprise to keep up with regulatory standards by automating repetitive tasks, centralizing management & storage, and simplifying reporting with pre-built templates.
• Complex ESG Data Management - Managing complex structured and unstructured data is one of the biggest hurdles in ESG assessments, disclosures, and reporting. Often data is stuck in siloes across the business organization in different manually operated spreadsheets. ESGHall centralizes the data and provides an integrated view of the data. Its low-code automation features also make managing complex easier.
• Disconnect Incidents, assessments, and tasks - Incidents, assessments, and tasks are 3 effort that forms part of ESG reporting. If there is a disconnect between these efforts, ESG reporting can have issues, such as accountability issues, messy data, and overall inefficiency - ESGHall centralizes the data storage, management, and reporting in one place.

Key Features and Functionality

• Customizable assessments and workflows - ESG teams can define the assessments and workflows as per the organization’s ESG strategies.
• Automatic ESG assessment of vendors and customers - Track the assessment of vendors and customers easily at a centralized location. It helps in reducing risks by enabling users to seamlessly collaborate and conduct real-time assessments.
• Vendor and RM portals - Engage vendors and customers using online portals to ensure frictionless assessments.
• Review-case/ action plan management - Through the ESG management system, identify win-win opportunities by effectively collaborating with the stakeholders.
• Negative news alert management - Integrate with negative news screening systems to monitor stakeholders’ ESG risks. Users can proactively assess the risks and reduce them.
• Track employee CO2 contribution - Harness the ESG culture within the organization to track scope 3 reporting and improve employee engagement.
• Goals, ideas, and initiatives management - Leverage fully configurable and automatable goals and associated workflow management.
• Multiple reporting templates - Efficiently manage the templates and collect the reporting data seamlessly. Audits can now be agile and more compliant with multiple regulations.
• Operational insights - Unified reporting dashboard for all the stakeholders to take timely actions and formulate strategies for business growth.
  
  

Benefits and Business Impact

Business Impact:

• Minimize supplier and customer risks through effective mitigation
• Effortlessly meet Regulatory Compliances and avoid penalties
• ESG Practices Transparency to meet the Investors, customers, and regulator's requirement
• Avoid Manual processing inefficiencies and process failures
• Standardize ESG management with audit trials to achieve ESG objectives
• Reduce ever-increasing costs incurred by non-sustainable practices

Business Benefits:

• Accurate data: ESG management delivers more high-quality, accurate data to optimize risk management processes.
• Identify opportunities: Enable top-line growth and identify more opportunities.
• Cost-effectiveness: Reduce operating costs and increase profits.
• Risk Strategies: Reduce risks by aligning the stakeholders
• Competitive advantages: Be competitive in the market
• Customer loyalty: Increase brand reputation and shareholder value
• Compliance: Be compliant with regulations
• Low-code: Realize ROIs quickly with low-code powered implementations
• Insightful reporting: Transparent reporting, KPI management, and accelerated ESG goals

2022 Partner Solution Cup Europe Winner for the "Sustainable Supply Chain Management" module The Partner Solution Cup recognize the best solution submitted at our annual Partner Solutions Cup Europe competition