Harnessing ESG Data for MDM: A Strategic Advantage
While most CPG and Retail companies already have had sustainable goals such as recycled packaging content and becoming more energy efficient, they are being compelled to lead more in this effort and take more aggressive goals that make a difference.
ESG data can significantly impact brand perception and marketing ventures in addition to meeting regulatory requirements
As consumers, investors, and governments increase their focus on corporations' environment, social, and governance (ESG) practices, the demand for disclosure of ESG-related metrics in financial reporting has grown exponentially.
ESG data can significantly impact brand perception and marketing ventures in addition to meeting regulatory requirements. ESG data is directly linked to Corporate Social Responsibility (CSR) initiatives and intrinsically provides value in how corporations impact the environment, communities, and individuals at a local and global scale.
s more governments negotiate legislation around sustainability reporting, companies must adapt to the shifting landscape to maintain a strategic advantage. Clearly, there is a growing demand globally for ESG disclosure. Our goal in this paper is to define ESG data, explore how to identify relevant ESG metrics, and discover the benefits of mastering ESG data in Master Data Management (MDM).
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