ESG Value Chain & Supply Chain Reporting
ESG Supply Chain Reporting can be explained through three lenses. Regulators and investors are looking for a wide-angle lens of your organisation. They want to see not only your organisation but how your entire supply chain and all of the business processes from seed to plate have an effect on the environment, the people involved, and that each link in the chain scores a tick for compliance.
To achieve this view, Differentia Consulting can provide your organisation with a microscopic and a telescopic lens. Our microscopic lens is Qlik, an analytics tool that allows you to view data down to the smallest detail. It’s currently being used in organisations to examine changes and to create agile strategies. However, the capability that organisations now need is to zoom in on each link of their supplychains and summarise their findings, for that we have Cyferd, our telescopic lens.
By utilising a telescopic and microscopic lens in tandem, it’s possible to handle ESG in the most efficient manner. An organisation can zoom in on a link in its chain, and then adjust the microscopic lens to analyse that link based on its unique qualities. For example, the farmer’s process for growing apple trees will generate and utilise different kinds of data than the delivery company’s process of shipping them.
Technology should support your processes, however, due to previous limitations current ESG processes have become misguided due to technological restraints. Currently, organisations can look internally and then generate their ESG goals and targets for the year to ensure compliance with regulations and to appeal to investors. However, this approach creates a narrow set of criteria that will fall apart as soon as the entire supply chain is taken into consideration.
When setting your organisation’s ESG goals you need a technology that can look at the entire supply chain and make suggestions that have been evidenced by the data about which areas need to be improved upon. This will also greatly benefit your organisation when a new regulation pulls out in front of you, or an investor wants to examine a new KPI. By looking at the entire chain in one glance you can set the most efficient goals from the get-go. Better still, this change management and reporting can be automated.
Manage your ESG reporting with Qlik and Inphinity Suite.
- Provide Governance to ESG Reporting Data
Ensure data governance and integrity by using world class analytics tools.
- Add Controls For Effective ESG Reporting Management
Using Inphinity Suite with Qlik your reporting can include approvals and commentary
- Build and Deploy ESG Dashboards That Meet Your Needs
Every entity will has different ESG objectives in for its value chains. These can be reflected in dashboards that match.
- Audit Ready ESG Reporting
Using Qlik we can offer dial to detail (row/transaction) analysis to withstand audit and compliance tests.
ESG compliance utilising the Cyferd platform
Use the Cyferd Platform to extend sustainable practices into every part of your organization and track your evolving progress across departments, projects, and change activities. Add modern features for ESG such as automated workflows, notifications, search, mobile access, and much more (including ESG disclosure reporting of course). Where you lack ESG coverage in your business, you can now cover it with Cyferd.
- Track and monitor ESG projects and progress against complex multi-year change
- Clearly identify Accountability and Responsible resources
Review progress intra-month- not at year-end
- Collect and collate extensive sets of data and form summary KPI’s
- Add deadline notifications
- Include narrative with your KPI’s – humanising data helps change happen