EY and Enablon have partnered to announce the launch of a new environmental, social and governance (ESG) management and reporting solution.
The solution is built on the Enablon cloud software platform to help provide organizations with end-to-end management and reporting of ESG data.
It comes as businesses are prioritizing ESG strategies, largely due to increased investor focus on nonfinancial factors, according to EY. Its latest Climate Change and Sustainability Services (CCaSS) Fifth Global Institutional Investor survey found that 72% of investors said they conduct a structured and formal review of businesses’ ESG disclosures.
The ESG management and reporting solution provides organizations with management and reporting capabilities in alignment with a variety of the most relevant standards and frameworks. It enables organizations to manage, track and report ESG data and strategies in a centralized tool.
The solution contains updated indicators aligned to the latest frameworks, such as Sustainability Accounting Standards Board (SASB), Task Force on Climate-Related Financial Disclosures (TCFD) and United Nations (UN) Sustainable Development Goals (SDGs).
It also allows for defining and tracking client-specific corporate goals and key performance indicators (KPIs).
Veli Ivanova, EY Americas Climate Change and Sustainability Services leader and Enablon Alliance sponsor, said: “Increased investor and regulatory focus on ESG performance and various ESG disclosures demands action. EY clients, across all sectors, are recognizing the need for reliable systems to effectively manage and report this data.
“With Enablon’s innovative cloud platform, EY teams can provide a broad solution complete with the latest industry frameworks and standards to assist clients through the ESG reporting process, help manage sustainability risk and provide relevant insights to internal and external stakeholders.”
Noelle Harvey, senior director Product Management, Enablon, added: “Enablon helps create a responsible, productive and safe world. We are committed to providing advanced technologies to help organizations align to investor ESG reporting demands, efficiently and transparently.
“Through our work with EY teams, clients have the capability to better manage today’s ESG management and reporting requirements and are poised to adapt to quickly evolving ESG requirements and frameworks.”