ESG Software Can Solve Your Data Management Challenges
New and expanded ESG regulations are affecting an increasing number of companies worldwide, such as the EU Corporate Sustainability Reporting Directive (CSRD) and the Enhancement and Standardization of Climate-Related Disclosures for ESG Investing from the US Securities and Exchange Commission (SEC). With these new requirements, increased investor demands and disparate data sources, the time and resources needed to meet your obligations can be overwhelming. ESG Management software can help solve that problem. Our intuitive, out-of-the-box data management and configuration tools make it simple to deploy a powerful ESG solution tailored to the unique needs of your organization.
- Intelex’s long and storied experience in EHS and sustainability management, including reporting, has enabled it to bring a very mature, comprehensive ESG reporting tool to market. An ongoing commitment to expanding the scope, customizability, and compatibility of the offering bodes well for the vendor.
- As with many ESG software plays, this tool, effectively used, is likely to save tons of time and resources typically tied up in more manual ESG reporting. How that available time is used- i.e., devoted to continually improving EHS performance- is critical.
- Currently, ESG reporting tools are more widespread than a decade ago. Intelex has a slight edge in a) its relatively long experience in the realm of related EHS reporting (1992) b) its ability to let users define their own emissions calculations, c) its deep experience catering to a wide variety of industries and sizes of organizations.
- Intelex’s recent integration with Snowflake and its relatively new data science tools position the company for great success in data analysis. As this was adopted in 2023 and ESG reporting cycles are long, it will be interesting to see how customers assess analytical capabilities, but initial signs are promising.
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Out-of-the-Box ESG Software for Data Collection and Operations Management
In the past, managing your ESG sustainability tracking has meant having to understand many different reporting standards and frameworks. In addition, homegrown spreadsheets are time-consuming and difficult to adapt to changing needs. Intelex ESG Management software addresses this challenge with pre-configured forms and dashboard reports for common use cases, plus intuitive tools for easy customization.
Pre-Loaded Emission Calculation Factors
Collecting the data for emission factors can be an overwhelming challenge. Intelex ESG Management software provides an up to date, out-of-the-box set of emission factor libraries across Scope 1, 2 and 3 emissions, plus waste and water. You can easily calculate emissions according to your needs, including by industry, regulatory body, job site and more.
ESG Program Management
Sub-projects and initiatives that contribute to larger ESG goals can be managed using initiative and project management functionality. Users can set targets, create tasks and sub-tasks, assign key stakeholders and track completion status with support from a top-tier workflow engine. Additionally, they can escalate overdue items and analyze real-time performance.
Enterprise-Grade ESG Data Storage and Access
Storing, managing and visualizing massive amounts of ESG data can be a difficult task if you don’t have the right tools. Static spreadsheets no longer suffice for tracking processes and data at local and corporate roll-up levels. ESG data now must be accurate, valid for compliance needs, free of duplicates, consistent, timely and auditable. Intelex solves these challenges while guiding data entry and providing intuitive dashboards. To support your upgrade journey, our services team can help you bring in historical data from legacy sources.
Pre-Configured ESG Content
Pre-configured content packs provide structured forms and reporting indicators that guide data collection for popular frameworks such as the European Sustainability Reporting Standards (ESRS) for the Corporate Sustainability Reporting Directive (CSRD), Carbon Disclosure Project (CDP) and more. Dashboards help you understand your ESG performance metrics and progress. For example, our ESRS Data Summary for CSRD content provides standardized, guided collection of quantitative data for the ESRS framework and purpose-built dashboards of ESRS metrics that are informed by the best practices from Intelex consultants.
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“Intelex created a unified Environmental Metrics & Management System that provides Campbell’s with the tools for top-to-bottom corporate environmental management and facilitates real-time 360-degree visibility into organizational sustainability performance.”
Additional ESG and Sustainability Management Related Products
No matter your ESG and sustainability focus, Intelex has solutions to help you succeed.
Enhance your compliance posture beyond ESG with tools designed to deliver greater visibility into all of your overall risk profile.
Take the sustainability portion of your ESG mandate to new levels with tools to increase your environmental management capabilities.
Put your ESG focus on your people and process improvement initiatives with tools to amplify the reach and success of your worker safety programs.
ESG Frequently Asked Questions
The ability to manage and report ESG indicates strong corporate leadership and governance and defines organizations as an employer of partner of choice.
ESG is a component of quality. Strong ESG practices enhance the sustainability of a company’s business model, and often are an indicator of ethical governance, labor practices and environmental management, all of which reduce risk.
"What is the environmental impact of this company?", "What are the potential risks and rewards for society and for the workers of the company and the neighboring populations of its facilities?", "Is the company governed ethically, by competent, law-abiding leadership?"
Yes, companies can gain a competitive advantage by investing in ESG initiatives. By prioritizing sustainability, social responsibility and good governance, businesses can enhance their brand reputation, attract socially conscious investors and build stronger relationships with customers and stakeholders. Additionally, effective ESG practices can lead to cost savings through improved efficiency, reduced regulatory risks and better risk management. Overall, integrating ESG initiatives into business strategy can drive long-term value and differentiate companies in the marketplace.
Materiality is a concept that defines why and how certain issues are important for a company or a business sector. A material issue can have a major impact on the financial, economic, reputational, and legal aspects of a company, as well as on the system of internal and external stakeholders of that company.
A materiality assessment or analysis is a process in which a company identifies the environmental, social, governance and broader emerging issues, such as digitalization, innovation and geopolitical events that are most important given the operating context of a business.
Expand your Sustainability and ESG Management knowledge
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INFOGRAPHIC
Be it the expansion of regulatory guidelines or the ask from investors, materiality is in the spotlight! This infographic gives you a quick view on what is materiality, benefits it brings to your ESG results and what you may not be doing right.
RESEARCH REPORT
This benchmark report, written by Verdantix, dives into the capabilities of 20 EHS software vendors across Air Emissions, Greenhouse Gas Emissions, Waste and Wastewater, Hazardous Waste, and Sustainability Management.
on-demand webinar
Need help managing your triple bottom line? ESG metrics are carrying increasing weight for financial professionals and the investment community, putting pressure on companies to accurately manage and report on ESG programs to a wider audience. Learn how you can start, improve, or fine-tune your holistic ESG program
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