In response to the accelerating wave of public interest in more stringent Environmental, Social, and Corporate Governance (ESG) standards, the Securities and Exchange Commission (SEC) has begun to roll out mandatory ESG disclosures related to the environmental impact of business and administrations. In the coming months, we will also gain additional insight into required regulatory disclosures relating to: 1. Corporate Employee and Management Diversity 2. Environmental Impact and Carbon Footprint Assessment 3. Human Capital Management Luckily, an ESG Planning & Reporting Solution can help address all angles of ESG concern and propel you past the hardest question of all, “where do I even start?”
We help our clients by establishing the key areas of focus relevant to their organization to determine where connected planning should be implemented to address all angles: 1. First, we must determine which metrics are the most impactful to your day-to-day operations to establish a connection to the overall ESG framework. 2. Second, we need to create full alignment between your organization’s targeted areas of ESG focus and tangible data so we may measure your status against your target. 3. Third, we will enhance end-to-end automation by connecting your financial goals to ESG goals and establishing reporting efficiencies.
We begin by working closely with your organization to establish your specific ESG needs based on the metrics that are most impactful to your day-to-day operations. These goals could include evaluating the overall carbon impact of your business, tracking employee metrics or racial data, or measuring overall employee satisfaction. If your organization established an ESG goal of achieving an even ratio of male and female employees by management level by 2025, we would integrate your organization's current workforce data within Anaplan’s centralized planning location. By incorporating your targeted ESG goal and desired headcount with the workforce plan, we can evaluate the organization's current metrics against the targeted ESG goal to plan for future workforce decisions and monitor relevant KPIs such as headcount, gender ratio, and average compensation by role. To meet the challenge of compliance and industry standards continually changing, additional integrations like Workiva offer automated end-to-end integration and reporting. The final significant portion of our approach is connecting your organization's financial goals with the ESG goals, resulting in connected planning across departments and entities within the organization.
An ESG reporting solution provides an organization with the ability to adhere to ESG corporate governance standards while highlighting certain budgetary restrictions tagging financial accounts to your targeted ESG metrics and factoring these amounts into your overall plan. This blueprint closes the gap between the ESG planning and reporting, creating transparency throughout your organization.
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