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For ESG planning and strategy, Allianz has similarly adopted an ESG module within ServiceNow. It makes no sense for Allianz Technology employees who are not involved in ESG reporting to use his Microsoft tools. Microsoft tools are more detailed and less optimized. their area of responsibility.
“We don’t want everyone to have to access another dashboard or system to see what the ESG consequences of their decisions are,” Karcher says. “From Salesforce to SAP to Oracle, everyone has some kind of ESG capability. It’s a matter of perspective, but from my perspective, CIOs are already familiar with the We need to pay attention to what kind of work they are doing.”
More importantly, both the Microsoft and ServiceNow modules use the same enterprise ESG data set. This is what Karcher plans to migrate to the Allianz data lake this year. “Then you have a single source of truth in view, which improves performance,” Karcher says.
Ensure data integration is effective and works both ways
The ESG landscape ranges from industry-specific or purpose-specific tools to complete management platforms, said IDC’s Craven. “A key aspect of all of these solutions is connecting to both other software platforms and source data, as well as pushing data to other solutions.”
So, for example, if a company has made significant investments with a particular enterprise vendor for ERP, it often makes sense to consider its sustainability offerings for integration purposes.
Still, as Reppy points out, “The technology landscape is still evolving in this space, and there is variation across sectors.” So whether you want to bolt-on to an existing enterprise implementation or integrate a new point solution. Regardless, the primary concern is to ensure that the ESG solution has access to data from the wide range of systems needed for reporting purposes, and to be able to transmit data back to the company. Other systems for determining performance improvements.
Consider price and scope, and grow as you grow
Cost is always a consideration. Also, more extensive features can come with a larger price tag. However, there may also be modular solutions that businesses can implement with fewer features enabled early on and grow with the organization’s needs and maturity. The good news is that “there are a variety of vendors and solutions on the market, so there really is something for everyone,” Craven says.
Choose with an eye to the future
When deciding on ESG software, CIOs should consider the organization’s ESG efforts over the next five years, says Shellman’s Gosselin. And to ensure long-term suitability, you should take a closer look at the vendor’s planned product development roadmap.
Developing a strong relationship with your ESG vendor is important not only as their offerings grow over time, but also as ESG reporting itself evolves to include more complex and difficult areas such as Scope 3 emissions. there is.
“Treat your solution provider like an extension of your partner or team so they can best customize the solution to your company’s needs,” says Deploying Salesforce’s Net Zero Cloud with Workiva’s Reporting Platform advises Mahon of Werner Enterprises, who tracked, analyzed, and analyzed the data. After conducting extensive research to determine the right partner, we report reliable environmental data.
EY’s Reppy says flexibility and scalability are important selection criteria, “especially in areas where most products are not yet mature and where regulations continue to evolve rapidly.” Still, while there may not be a perfect solution for now, Reppy believes that smart decisions and good partnerships will lay a solid foundation now and in the future.
IDC’s Craven agrees that partnerships are key.
“Deploying ESG software is complex and, if done correctly, intertwines with the entire enterprise system,” she says. “Given the changing nature of the situation, choose a trusted vendor that is likely to evolve with your organization’s needs.”
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