ESG Data: Get Your Reporting in Order Sooner Rather Than Later

Data is a central part of ensuring that companies respond to growing Environmental, Social, and Governance (ESG) expectations and pressure effectively. With universal reporting metrics imminent, companies need to be spending the time now to prepare for more detailed reporting requirements. And it’s a focus for large asset managers too. BlackRock’s CEO, Larry Fink, took the opportunity in his 2021 letter to CEOs to urge CEOs to communicate publicly about how they are preparing for a “net-zero world”. For CEOs and leaders tasked with not only communicating their company’s ESG commitments publicly but making these systems effective, stewardship should be top of mind.

 

Effective stewardship of ESG matters requires each factor within the ESG space to be addressed. For example, the growing number of end-user devices sold globally since the start of COVID-19 highlights the importance of ensuring these devices form part of the circular economy. This means as devices become outdated or surplus devices are disposed of, that a company ensures this happens responsibly.

 

While previously, this was simply the act of being a good corporate citizen, the appropriate disposal of e-waste is now becoming mandated in some jurisdictions.

What can we Expect From the Future of ESG Reporting?

In September 2021, the New Zealand Government announced a framework for regulated product stewardship that would push disposal responsibility back onto the users of various products, including electronics and IT. As another ESG factor that organisations may not be prepared for, companies like Quadrent provide the systems, products and services to ensure our customers are compliant with the dynamic legislation in this area throughout the entire asset lifecycle. Not only does this provide peace of mind that your company is meeting its regulatory requirements, but it forms an important part of demonstrating to other stakeholders such as your investors and customers that ESG is more than an acronym in your organisation.

 

Our solutions will help your organisation put strong ESG practices in place. Whether you’re looking to acquire and dispose of technology thoughtfully or you need to establish more detailed reporting systems, we have solutions to help you meet your ESG needs. Click here to learn more.