5 good reasons why you should automate your ESG reporting

ESG reporting (Environmental, Social, and Governance) has become a crucial element for companies in society today, and in 2024 statutory sustainability reporting will come into force. All companies will be affected to one extent or another by the new directive - either directly or indirectly through, for example, business partners. The impact also depends on the industry you are in. But one thing is certain. It can seem like a chaotic process to get started with, and also how to work with it continuously.

Fortunately, automating your ESG reporting makes your entire process, from data collection to analysis, much easier. By automating your ESG reporting, you can effectively meet the increased demands and expectations of companies.

We would like to give you five good reasons to automate your ESG reporting, so you can get started and leave the manual processes so you make the road easiest and most efficient for you and your business.

1. Experience effective and detailed reporting

ESG reporting can be extensive, especially depending on your company's industry. By automating the process, you can go in-depth with the different parameters and achieve a more detailed level of reporting. By automating it, you can make it an ongoing process and integrate it as a strategic part of your business.

2. Keep your business attractive and comply with the eu directive

In order to keep your business attractive and comply with the EU directive, which will come into force in 2024, it is crucial to have a sustainability report. Automating ESG reporting helps you meet regulatory requirements and ensure your business is compliant with set standards. By meeting these requirements, you can demonstrate your company's commitment to sustainability, thereby strengthening your reputation and position in the market.

3. CENTRALIZE your data

ESG reporting covers several different areas, and the data you need to collect is probably scattered in all sorts of places, and it can therefore be difficult to access. It can take a huge amount of time to do it every month, but automation platforms like Power Platform can help you unify these data sources and centralize them so you can access them more easily and analyze them. It may sound too good to be true – but it's good enough. Microsoft offers over 1000 connectors to help you bring your data together in one place. And if the connector doesn't exist, creating it is also an option.

4. Experience flexibility and a solution where you can get started easily, quickly, and inexpensively

The Power Platform, including tools like Power BI and Power Apps, allows you to build user interfaces for entering data and automating the collection of ESG data. It's a no-code/low-code platform, which means you don't need to have extensive technical knowledge or development resources to get started. You can quickly and cost-effectively implement solutions and adapt them to your specific needs.

5. Get a comprehensive analytics and reporting tool with power bi

Once all ESG data is collected and centralized, Power BI can give you a unified view of your ESG data. You can visualize and analyze the data in different ways as it makes the most sense to you. But most importantly, consider ESG reporting as part of your work and not as something you think about once a year. It must be incorporated into a flow and in the processes so that you are strong in relation to legislation and in relation to other companies.

HOW DO I START AUTOMATING MY ESG REPORTING?

If you think it makes sense for you to automate your ESG reporting and avoid manual processes in this regard, then we would, of course, help you get started. It will work like this:

We will come and look at how you will be affected by the new directive. We dive into what specific data you need to collect and how we can set up good systems around it.
We talk things through and come up with a presentation for you. You get a report or some kind of roadmap for how to reach your ESG reporting goals, and we set a good framework for your ESG reporting.
The roadmap contains how to implement the different systems. Depending on the size, etc., the price for the report is around DKK 10,000 – 25,000, and then you have the specific roadmap needed to have an overview of what it takes to implement the systems – and how you will be affected by the ESG directive in the near future.

Do you need to automate your ESG reporting?

Do you want to know more?

Michael Skovsgaard

Commercial Manager

mic@relateit.dk