ESG Compliance And Reporting: 5 Best Practices For ESG Data Management And Analytics

As calls for greater transparency around environmental, social and governance (ESG) criteria mount, consistent and accurate ESG reporting is fast becoming table stakes for both private and public companies.

But collecting and managing ESG data is a challenge that even high-profile organizations are struggling to address. Some are handling ESG data management issues on an ad hoc basis, rather than taking a systematic approach. And the sheer variety and inconsistency of ESG data and benchmarks — and the options for reporting them — can produce wildly different results.

Below are a few best practices for gathering accurate and complete data for ESG reporting that companies should keep top of mind.