Belgian Business Chamber (BBC)’s Post

📚 What we read this week: Workiva's 2024 #ESG Practitioner Survey Our Key Takeaways: 💡Assurance creates accountability, which drives performance: 88% believe that assurance over ESG data increases the likelihood that a company will achieve its goal 💡65% of executives surveyed say ESG regulation has disrupted their company’s reporting processes, driving process complexity. 💡8 out of 10 people believe there’s more value to integrated reporting than just compliance: Positive Impact on Decision-Making + Long-Term Value Creation = Improved Financial Performance. Read it here: https://hubs.li/Q02xh_rJ0

The spotlight on accurate and timely ESG disclosures has never been brighter. 🔦 We understand the pressure this is placing on businesses, which is why our ESG Academy is designed to provide you with teams of SMEs who can: ✅ Make an immediate impact, applying their practical knowledge from day one ✅ Understand your specific challenges and tailor the solution to ensure your firm is fully compliant ✅ Use the latest data research methodologies to inform better decision-making ✅ Provide cost-effective long-term support If your business is struggling with your ESG capabilities you can learn more about how Albany Beck can help you: 👉 https://lnkd.in/eW6gcgSP #ABConsultants #ESGAcademy #ESGCompliance

Regardless of where on the support-oppose spectrum you fall, #ESG reporting regulations have introduced new complexities for public and private companies that are best managed by a implementing a sound strategy ahead of time. Check out our free ESG SelfAssess™ tool to identify gaps, plan improvements, and prepare to comply ahead of regulations while identifying potential business transformation opportunities. 

Sustainability needs to be embedded into strategic business decisions to create long term value, which means that high quality ESG data to underpin it is essential. Why is it so challenging to get accurate ESG data and how can this be addressed? Explore these questions and the five key steps for quality data and reporting in PwC’s latest thought-provoking article: https//pwc.to/3UXh2SK #sustainabilty #reporting #ESG #pwcghana

Spreadsheets still taking the lead in 2024 as most organizations are still dependent on them despite the several ESG reporting software available in the market. Read KPMG report below highlighting what organizations are spending on in relation to ESG and the progress seen.  https://lnkd.in/g-vzT3eK

📣 The Green Block News EY and IBM launch a new sustainability reporting Managed Services solution to aid companies in meeting ESG disclosure requirements. The collaboration integrates EY's assurance expertise and IBM's Envizi sustainability software solutions, expanding the EY-IBM Sustainability Center of Excellence. The end-to-end solution addresses reporting challenges, offers data management, reporting and analytics, compliance and risk management, and stakeholder engagement tools. The initiative aims to drive transparency and long-term value in sustainability efforts. Learn more: https://lnkd.in/dDNVXBDf Source: ESG Today

Companies Advance ESG Strategies Despite Data Quality Challenges: Deloitte Report (via ESG News): https://ow.ly/ahvh50SVs9J #esg #deloitte #esgnews

Expectations around ESG reporting continue to grow, with it increasingly being held to the same standards as financial reporting. Yet there continues to be a gap in quality and internal focus. Sustainability needs to be embedded into strategic business decisions to create long-term value, which means that high-quality ESG data to underpin it is essential. Why is it so challenging to get accurate #ESG data and how can this be addressed? Explore these questions and the five key steps for quality data and reporting: https://bit.ly/3wlgfQU #sustainability #Reporting #Assurance Naomi Rigby Tim Clough

Are you ready to take your company’s ESG reporting to the next level? Explore Deloitte’s ESG SelfAssess™ tool, designed to advise your company as it prepares for and navigates not only ESG reporting changes and complexities but also your future ESG strategy. This free, easy-to-use tool can allow companies to identify gaps, plan improvements, and prepare to comply ahead of regulations while identifying potential business transformation opportunities.   Uncover the potential benefits of early preparation and inform your ESG journey with a customized report that is tailored specifically to you!

📱 How scattered is your ESG data? Data management is not only critical but also the most time-consuming part of a CSRD reporting journey. It's the fourth step in our CSRD advisory framework and builds the basis for setting up any technological implementation and optimization.   🔎 CSRD reporting requires meticulous data collection - effective data management ensures that this process is streamlined, accurate, and consistent.   Thus, businesses need robust data management practices to enhance data quality over time, ensure audit consistency, and maintain a single source of truth. This involves establishing procedures for data gathering, verification, normalization, efficient storage, mapping data sources, and digitizing data collection.   As technology advisors at BearingPoint, we have extensive experience optimizing ESG data management processes for sustainability reporting, ensuring your organization is well-prepared and compliant with CSRD.   Curious about partnering with us as your trusted advisor to refine your CSRD data management?   📧 Don't hesitate to contact us and explore our sustainability homepage for more details: Corporate Sustainability Reporting Directive | BearingPoint https://lnkd.in/e9ZBhyYj   Our team guides you every step of the way. 👉 Stay tuned for upcoming insights into the next steps for establishing your CSRD reporting and learn more about all technology-related challenges in our upcoming webinar Webinar : Navigating CSRD Technology Solutions | BearingPoint https://lnkd.in/ePD8QEjf #CSRD #ESG #Datamanagement #ESGdata #CorporateSustainability #SustainableReporting #SustainablePerformance #BearingPoint  @ ChrystelDierking @Antti Hämäläinen @Stefani Rahmel