ESG Data Management

What is ESG Data Management?

ESG data management is where a business assesses and analyses its efforts towards combating environmental, social, and governance issues. The practice of ESG data management enables a company to get a clearer understanding of its current performance, as well as a better idea of where to focus its resources going forwards. Your ESG data should be used to showcase your performance but also help to make strategic business decisions. It’s vital to understand how you can collect and use this data. We know just the system!

Importance of ESG Data Management

The importance of ESG data management is incredibly straightforward. If you are able to quantify where your business stands, you can then use this information to significantly better your positive impacts in the future. After all, there is no use setting out on a long journey without understanding all the facts beforehand. Given that even more scrutiny is likely to be placed on organisations over the coming years, reliance on ESG data is only going to increase.

Benefits of ESG Data Management

There are a series of incredibly favourable benefits from clear and concise ESG data management, this can include:

  • Improve cost analysis
  • Showcase positive impacts
  • Limit operational losses
  • Encourage sustainable growth
  • Quantify your ESG achievements
  • Make strategic business decisions

Managing ESG Data Correctly

A growing number of high-value investors consider ESG issues as paramount when it comes to identifying which organisations to invest their money into. This trend shows little sign of slowing down. Learning how to manage your ESG data correctly could give you a significant head start.

Understand

It is estimated that businesses who put additional focus on ESG receive up to 15% more investment than those who do not. Therefore it is vital to learn to appreciate and understand exactly what goes into a successful ESG policy in business. Collecting relevant data can go a long way towards this goal.

Identify

When it comes to ESG issues, the topic is constantly in flux, never resting. New hot-issues arise all the time. As a business owner it is your job to keep abreast of these issues and identify how they can be relevant to you.

Integrate

Socially-conscious investors will want to know exactly how a prospective partner is working to combat ESG issues. ESG data management can help you to understand where these issues are affecting your company, and integrate them into your business..

Align

It is all well and good working on improving your output to better suit ESG practices. However, there are a whole host of standards and certifications out there that you can align your business behind — to join a community of like-minded businesses to encourage greater change.

Want to Know More?

Learn more about our other ESG consulting services and how they can benefit your business. Alternatively, click here to browse our FAQs.

ESG Strategy

ESG Policy Documents

ESG Ratings

ESG Reports

ESG Training

Our Clients

Good Management Group Ltd undertook a full review of our ESG performance. The cost was extremely competitive and the results exceeded expectations. Great, knowledgeable and enthusiastic team. I look forward to working with them again soon.

Mark Sahal

Chief Operating Officer, Unily

The main statement that I would like to make is that the whole piece was brilliantly tailored to our individual situation. Thank you once again for the effort you put in to helping us make the first few steps in changing the travel industry for the better!

Mark Gardner

Managing Director, MSG Tours

We chose to work with the team at Good Management as it was clear from the outset that they had the passion and expertise needed to help us create and execute our CSR strategy. Their work has been invaluable.

Kevin Gibbons

Managing Director, Re:Signal

How We Can Help

We can help you write your ESG policy from start to finish. Whether you want a full review, strategy, policies and reports as part of an annual package or project, or you’d just like a simple ESG policy that aligns to your company values and industry benchmarks we are on hand to help.

Our team of ESG consultants possess the expertise and experience necessary to help steer your business down the right path — for you, the company, your workers, investors, and the world around you.

Take the first step today.