ESG Maturity: A Software Framework for the Challenges of ESG Data in Investment

Given the rising demand for more transparent, consistent, and comprehensive non-financial information in investment, there is a need to provide more reliable, meaningful, and measurable ESG metrics, in a way that most frameworks cannot. Most established frameworks face difficulties and challenges in...

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Bibliographic Details
Published in:Sustainability 2023-02, Vol.15 (3), p.2610
Main Authors: Cruz, Carolina Almeida, Matos, Florinda
Format: Article
Language:English
Subjects:
Accountability
Accounting
Applications software
Climate change
Councils
Disclosure
Economic aspects
Financial reporting
Human rights
Information services
Materiality
Maturity
Methods
Online information services
Online services
Securities markets
Software
Software-as-a-service
Sustainability
Sustainability reporting
Sustainable development
Transparency
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Summary:Given the rising demand for more transparent, consistent, and comprehensive non-financial information in investment, there is a need to provide more reliable, meaningful, and measurable ESG metrics, in a way that most frameworks cannot. Most established frameworks face difficulties and challenges in providing sustainability information to investors in a significant way, lacking in areas such as transparency, reliability, consistency, materiality, and particularly, their focus on the “S” dimension of ESG. The present article purposes to review the challenges associated with several frameworks and to present a solution to overcome them, by giving an overview of a new and innovative software as a service framework, ESG Maturity. This software presents itself as a solution for both reporting companies and their respective investors, by providing both with an assessment of the ESG maturity index of the companies, and delivering a report containing relevant initiatives, strategies, and action plans tailored to each one of them, within different sectors, dimensions, and geographic areas and consequently, their financial and non-financial implementation impact. ESG Maturity is considered a possible answer to the challenges in ESG reporting, having the potential to revolutionize the way companies report their non-financial information and how investors receive it.
ISSN:2071-1050
2071-1050
DOI:10.3390/su15032610