ESG Reporting Software

Achieve ESG compliance, automate data integration, and secure company reputation

  • Ensure compliance with ESG regulations and a quick start to ESG reporting
  • Create your own customized ESG reports in-house
  • Leverage automated data integration for more simplicity and speed
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Navigate ESG reporting and use the reports for strategic business planning

With legal regulations such as the European Sustainability Reporting Standards (ESRS), coming into effect on January 1st, 2024, organizations are required to implement standards for their ESG reporting. Typically, it is finance teams who are best suited to oversee putting ESG reporting into practice. To do so successfully, ESG data management and the successful implementation of the organization’s ESG strategy must be navigated. ESG considerations and practices must be embraced; after all, falling short under public scrutiny can easily result in reputational damage, and merely the perception of greenwashing can jeopardize sustainability efforts long-term.

Automated data integration for a single source of truth

Getting all the necessary data is crucial. Benefit from Jedox powerful integration capabilities to easily connect to HR systems, ERP systems, and travel management systems and get data for your ESG reports from one proven platform.

Flexible ESG reports with models built in-house

ESG reporting is as unique as organizations themselves. Use the flexibility Jedox provides to customize it – by adapting existing models for ESG by your own staff on a granularity level they determine.

Master the most complex demands

Jedox automatically collects and reports data, from any source, using the out-of-the-box Best Practice Accelerator. It comes with an ESG dashboard and is a fast way to get started with ESG compliance and easy data-access for XBRL export generation. Data can be quickly analyzed and individually filtered through all legal entities, and it is possible to easily drill down to individual months or to compare budgets to actuals.

ESG strategy for long-term goals

Jedox enables setting long-term targets, creating and managing initiatives, and doing what-if scenario planning of those initiatives, including projecting those into the integrated P&L and cash flow for strategy planning.

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What it’s like to work with Jedox

Organizations of all sizes trust Jedox to model any scenario, integrate data from any source, and simplify cross-organizational plans.

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FAQs

Best practice for successfully initiating an organization’s ESG reporting

Use ESG reporting to rethink existing processes and use it as a vehicle for introducing necessary change. Leverage ESG for value creation. For example: the COVID-19 pandemic served as a catalyst to rethink office space.

Focusing on ESG data management must be a priority early on. The lack of data quality and data reliability presents one of the challenges of successful ESG reporting that organizations of any size are dealing with. Particularly corporations are dealing with many different data sources that need to be included in their ESG reporting; often, this needs to be done manually, resulting in copious amounts of time spent on regularly collecting accurate ESG data from many disjunct locations as well as worldwide decentralized organizations. While compliance pressures so far focus more on actuals than on planning, considering planning data as an important part of the equation delivers competitive value and underscores the urgent need for powerful data aggregation and analysis.

The Jedox data integration capabilities provide automated data access and collection and significantly reduces the time spent on data integration tasks.

For a successful ESG strategy implementation, leadership needs to recognize ESG’s transformative potential. It is equally crucial to leverage the organization’s employees’ expertise from the get-go; as they regularly deal with compliance matters as well as financial reports, the finance team are particularly well-equipped for spearheading the implementation of an ESG strategy. Leadership can set their organization up for success by actively supporting the finance team in the execution.

Jedox is directly integrated with finances and is ideally placed to support finance teams jumpstart ESG reporting. With over 20 years of experience in FP&A, Jedox is a reliable partner for ensuring compliance and realizing their ESG strategy’s value.

The ESRS are a set of uniform, European standards that outline the mandatory requirements for several environmental, social and governance issues. The first set comprises a total of 12 standards for, among others, climate change, workers in the value chain, and risk management. The goal of the ESRS is to promote sustainable practices and transparency in organizations and to contribute to their comparability. This first set will affect the sustainability reporting of around 50,000 organizations based in the EU. The Standards are being finalized in 2023 and will become effective in 2024, with additional standards being developed during 2023 and 2024.
The European Commission binds organizations to regularly publish information on the sustainability of their business activities. The Directive falls in line with the commitment made under the European Green Deal. This is the first common reporting framework for non-financial data. It encourages organizations to develop responsible approaches to their business and offers an evaluation framework for consumers, investors, and other stakeholders.

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