You are leaving our main website to go to our chinese website hosted in China. For legal reasons there will not be any links pointing back to the main website.
Environmental, social, and governance (ESG) is the umbrella term referring to socially conscious ideation and sustainable practices that impact the world beyond the business itself. Many of society's problems we face today cannot be confronted without the participation of the private sector, explaining the spike in demand for corporate-sponsored ESG initiatives and resultant corporate response.
With ESG taking up more real estate in corporate strategy, it's important to recall why ESG matters.
At the forefront of any executive's mind is the value proposition: What business value does ESG bring to my company? Extensive research shows a positive correlation between ESG and profitability. Companies with diverse boards and female leadership report a greater net revenue margin than companies lacking diversity at the top. In a survey of nearly 13,000 enterprises across 70 countries, a majority reported that gender diversity initiatives led to a 10-15% increase in profits. In parallel with profit growth, inclusive policies are predicted to increase the ability to understand consumer demand by 37.9%, better company reputation by 57.8%, and promote innovation and creativity by 59.1%. ESG is shown to enhance business performance and outcomes in a multitude of ways, proving it valuable in the competitive business environment.
Generationally speaking, the younger workforce demands more purposeful work. They are generally more selective and desire a company with values that align with their own. Especially in today's employee market, business culture and company values hold greater weight than ever before. Employers that adjust accordingly have the ability to attract that talent, generate higher productivity and position themselves to retain talent. In fact, of the businesses that reported improved business outcomes in the survey, 56.8% reported an increased ability to attract and retain talent. In a struggling labor market, employers with ESG initiatives have a leg-up on competitors.
Regulatory reporting is on the horizon for businesses in the United States. Europe has already enacted ESG disclosure rules such as the Sustainable Finance Disclosure Regulation (SFDR) and recently, the U.S. Securities and Exchange Commission (SEC) announced that registrants must disclose certain climate-related risks and information, specifically about greenhouse gas emissions. The SEC also requires public companies to disclose certain KPIs that may influence investor decision-making and/or be necessary to the understanding of the registrant’s business. This includes ESG-related risks such as energy consumption and board diversity numbers. For instance, the SEC approved a Nasdaq rule requiring most Nasdaq-listed companies to have at least two diverse board directors; failure to do so requires explicit explanation. Growing regulatory interest in ESG signals the importance of ESG metrics and reporting.
After establishing a baseline understanding of ESG and its importance, the next step is accountability. Companies report ESG goals and metrics to satisfy stakeholders' expectations, including those requested by regulatory bodies, and maximize business value. For example, a company may report a percent reduction in its carbon footprint over time to show stakeholders that they are keeping on pace with pre-established company benchmarks, and/or to include it in their SEC filings. This is where our solution comes into play. To learn more about our ESG reporting solution with Workiva, access our demonstration video and one-pager.
Stay updated on the latest articles, events, and more
Your email address is only used to send you the Keyrus newsletter and for commercial prospecting purposes. You can use the link in our emails to opt-out at any time. Learn more about the management of your data and your rights.
The Keyrus team is excited to announce that we’ve been named one of the top 1000 companies on Clutch’s platform in 2022! This is the second year that Keyrus has been recognized by Clutch as a top company and B2B leader.
In 20 minutes, we’ll teach you how to use Alteryx Intelligence Suite to eliminate common problems and inefficiencies in accessing data from .pdf files. In the past, you’d need to run custom Python and complex parsing logic to get any usable data from a pdf. Now, you can parse PDFs with out-of-the-box features in Alteryx Intelligence Suite.
The cloud offers new opportunities to save you time and money, allowing you to shift focus from maintaining growing servers and upgrading infrastructure to making your data work for you and the success of your business. Watch the webinar and Q&A to learn how AWS, Tableau, and Keyrus worked together to help Red Ventures migrate to a powerful cloud BI tool that created new pathways for success and a modern data culture.
Keyrus & Anaplan Sponsor Life Science Gross-to-Net (GTN) Summit
Keyrus achieved Amazon Web Services (AWS) Data and Analytics Competency. To receive the designation, AWS Partners must possess deep AWS expertise and deliver solutions seamlessly on AWS.
Wednesday, November 9th, 2022 @ 12:00PM Central Time (US and Canada)
Want to optimize your visual analytics in Salesforce? You need the right tools. Tableau Embedded Analytics can be used to help you build and visualize reports in Salesforce.
C&S Wholesale Grocers worked with Keyrus and Alteryx to implement an analytics center of excellence to help them efficiently and effectively achieve business objectives, maximize return on investment (ROI), and standardize best practices.
Keyrus partnered with a consulting firm to build an in-house cloud security solution that would automate their verification processes and keep their information safe.
Keyrus partnered with Pajama Program, a nonprofit organization, to review their Salesforce architecture and improve overall operations.