In an increasingly sustainability-oriented world, the effective management of sustainability data is becoming more and more important. Companies face the challenge of improving their sustainability performance and aligning their business processes with the future.
Holistic and efficient sustainability data management offers clear added value in this context. With the Sustainability Information Management solution from GLOSUS, your company is optimally prepared.
With the holistic approach of Sustainability Information Management from GLOSUS, sustainability data from all areas of the corporate value chain are brought together in a central database. In the process, the data is transformed and digitally aggregated according to current and future global standards.
This enables an efficient use of sustainability data for regulatory reporting purposes as well as its evaluation for the generation of sustainability information. This supports future-oriented, sustainable management and ensures the visibility of the company's sustainability among various stakeholders.
With the components of the Sustainability Information Management solution from GLOSUS, the two perspectives of sustainability data management are covered simultaneously. On the one hand, the internal steering of sustainability (Sustainability Steering Cycle), on the other hand, the external disclosure of your company's sustainability data (Sustainability Disclosure Cycle).
Comprehensive management of sustainability data and an efficient evaluation and use of it result in numerous advantages for companies. In addition to meeting compliance requirements with regard to increasing reporting obligations, this also enables the evaluation and improvement of sustainability performance. Furthermore, a differentiated positioning in competition can be achieved through the transparent presentation of performance to relevant stakeholders.
In order to comply with the massively tightened regulations for sustainability reporting from 2024, companies will have to fulfill various global standards such as ESRS, DNK, etc. A PDF format alone for sustainability reports is no longer sufficient. An digital tagging of sustainability information becomes necessary. This enables efficient evaluation, better comparability and more comprehensive use of the information.
Holistic sustainability data management offers companies numerous benefits. These include reduced borrowing costs, easier access to ESG-focused capital, and more efficient sustainability reporting. It also enables automated Scope 3 reporting to customers and the digitization of internal and external company processes. These measures help to increase competitiveness, strengthen brand image and promote sustainable corporate governance.
Holistic sustainability data management offers companies various advantages. It enables transparent and continuous publication of sustainability information, which leads to a gain in market share among consumers and business customers. In addition, it increases employer attractiveness, raises company ratings, and enables differentiated positioning directly at the point of decision by using sustainability information in virtual showrooms or augmented reality.
One sustainability data management database offers benefits such as centralized data storage, data integrity, efficient analysis and reporting, business process integration, and scalability and future-proofing. This enables companies to improve their sustainability performance, make informed decisions, and drive long-term sustainable growth.
Book a non-binding and free appointment with our GLOSUS expert team now to analyze together the potentials through the holistic management of sustainability data for your company.
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There are several sustainability reporting standards, including:
Global Reporting Initiative (GRI)
European Sustainability Reporting Standards (ESRS)
These standards provide companies with guidelines and indicators for comprehensive and transparent reporting on their sustainability performance. Depending on company size, industry and regional requirements, companies may use one or more of these standards.
The analysis of sustainability data presents companies with a number of challenges. These include the availability and quality of data, the complexity and diversity of data, the integration and standardization of data, the use of appropriate analysis techniques and tools, and the interpretation and communication of results. Companies need to develop strategic approaches to overcome these challenges and gain sound insights from sustainability data.
GLOSUS supports you in the mentioned points and minimizes the implementation effort of different, mutually incompatible solutions by integrating all requirements in one single platform.
The use of different data management systems for sustainability data has some disadvantages. It leads to fragmentation of data, inefficient data management, difficulties in integrating and comparing data, and lack of transparency and control. It also makes it difficult to use and communicate the data. A holistic approach with a modern database, on the other hand, offers advantages such as data consistency, efficiency, transparency and data integrity.