Make more informed decisions based on ESG Reporting
The need for transparency and comparability has led to an increase in the number of reports that departments need to periodically produce, such as corporate or group reporting. ESG reporting refers to reporting in three areas namely: environmental, social and corporate governance.
Reporting on KPI’s like carbon footprint, water usage, labor circumstances of employees of suppliers in foreign countries can make you as a finance professional nervous.
To become more comfortable with this kind of data for Intelligent Sustainability Reporting, you need to incorporate it in your reporting calendar as soon as possible and just start working with it and make it a part of your periodic reporting cycle.