Challenges and opportunities in ESG transparency

Wind farm with sunset

Corporate ESG (environmental, social, and governance) performance has become increasingly important in recent years as consumers, investors, and employees demand that businesses operate in a more responsible and sustainable manner. In fact, a recent survey conducted by Edelman found that 66% of consumers around the globe are willing to pay more for products and services from companies that are committed to positive social and environmental impact. Additionally, investment in companies with strong ESG performance has been shown to outperform those without, with one study finding that companies with high ESG ratings had a return on investment that was 3.7% higher over a five year period compared to those with low ratings.

The benefits of tracking and presenting corporate ESG performance go beyond just financial performance. It can also have a positive impact on a company’s reputation, brand, and overall social impact. Companies that are seen as leaders in sustainability and social responsibility are more likely to be viewed positively by consumers, investors, and other stakeholders, leading to increased customer loyalty and brand recognition. In addition, companies that demonstrate a commitment to sustainability and social responsibility are more likely to attract and retain top talent, as well as inspire other companies to follow suit and adopt more sustainable and responsible business practices.

One of the challenges that companies often face when it comes to tracking and presenting ESG performance is the time and resources required to develop the necessary tools and systems. This is where innovative digital products can be particularly helpful. With the ability to quickly collect and analyse data, facilitate decision-making and action, and enable transparent communication with stakeholders, digital products can help companies to meet the increasing demand for sustainable and responsible business practices and stand out in a crowded market.

Assembler’s platform is one such solution that enables companies to quickly create custom digital products that track ESG performance, create detailed reports, recommend future action, and more. With Assembler’s platform, companies can get ahead on ESG and start reaping the benefits of tracking and presenting their performance in a matter of weeks, rather than months or years. By working with Assembler, companies can show their commitment to sustainability and stand out in a crowded market.

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