Environment, Social, and Governance (ESG) Reporting Software
Embrace an integrated approach to measure, monitor, and generate comprehensive ESG performance reports
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Environment, Social, Governance Reporting Solution
Leverage the questionnaire-based solution, built on a low code digital transformation platform, to ensure accountability towards climate change, diversity, equity & inclusion, and human rights. Streamline the end-to-end data aggregation and generate ESG performance detailed reports. Digitize, record, and maintain ESG details and relevant documents in a centralized repository for all future audit purposes.
Data Collection
- Collect, calculate, and present qualitative and quantitative data on various ESG parameters
- Capture information and upload supporting documents, such as electricity bills and policy documents, etc.
- Integrate with third-party systems to capture data seamlessly and maximize the value of the investment
- Enable rule-based deviation and exception management
Monitoring, Insights, and SLA Adherence
- Create reports on user and system performance
- Compare and analyze data on a YOY basis to gain business-critical insights
- Track process and activity-level KPIs, such as the percentage of SLAs met, average TAT, and resource utilization
- Meet activity-level SLAs through real-time visualization
Auditing and Report Generation
- Create various ESG reports, such as BRSR, GRI, SASB, and TCFD
- Utilize dynamic templates to generate reports instantly and in a variety of formats, including Word, Excel, PDF, and XML
Data Security and Integrity
- Manage enterprise data at a central location by enforcing data governance policies across departments and functions
- Ensure data and information consistency across all channels, applications, and third-party systems
- Enable users to create, manage, and delete master data tables based on business requirements
- Use the four-eyes principle to add and verify the captured data while ensuring data quality
- Make use of the administrator feature and role-based access control to add and validate data
Check-out Your Country/Region’s ESG Reporting Mandates
Evolution of ESG Reporting in India
The Securities and Exchange Board of India (SEBI) introduced the requirement of ESG reporting in 2012 and made it mandatory for the top 100 listed companies by market capitalization to file business responsibility report (BRR). Today the list covers top 1000 listed companies by market capitalization.
| Years | Development |
|---|---|
| 2023 | Mandatory Reporting for the top 1,000 listed companies Reporting is mandatory for the top 1,000 listed companies (by market capitalization) from FY2022–23 |
| 2021 | Business Responsibility and Sustainability Report (BRSR) Introduction of BRSR in May 2021 |
| 2019 | Extension to the top 1,000 listed companies SEBI extended the BRR requirement to the top 1,000 listed companies by market capitalization from FY 2019-20 |
| 2019 | National Guidelines on Responsible Business Conduct (NGRBC) NGRBC released in March 2019 |
| 2017 | Integrated Reporting (IR) SEBI circular advised that integrated reporting may be adopted on a voluntary basis from FY 2017-18 by the top 500 companies which are required to prepare BRR |
| 2015 | Extension to top 500 listed companies Requirement for filing BRR was extended to the top 500 listed companies by market capitalization |
| 2014 | Corporate Social Responsibility (CSR) CSR is mandated; CSR rules came into force |
| 2012 | Business Responsibility Report (BRR) SEBI mandated that the top 100 listed companies by market capitalization file BRR, based on NVGs along with their annual reports |
| 2009 | National Voluntary Guidelines (NVGs) MCA issued NVGs on corporate social responsibility |
ESG Reporting Mandates in APAC
Investors in Asia Pacific (APAC) are insisting on clearer, more consistent, and transparent standards around ESG reporting. When selecting an investment manager for ESG-factored investments, 47% of APAC investors highly value a manager’s ESG research capabilities, 55% say the alignment between the manager and its ESG values and mission is crucial, and 40% say the same of the managers’ ESG reporting and disclosure capabilities.
| Years | Country | ESG Mandates & Regulations |
|---|---|---|
| 2021 | New Zealand | The New Zealand parliament passed the financial sector amendment act 2021 (FSAA) From the FY 2023, the act has mandated about 200 listed companies, big banks, licensed insurance companies, and registered investment scheme managers to make climate-risk disclosures using the TCFD recommendations. |
| 2022 | Australia | The Australian securities and investments commission (ASIC) reinforces TCFD recommendations for reporting by listed companies that have material exposure to climate risk. In Dec 2021, ASIC Commissioner said climate-risk disclosures to be among the most significant governance issues of 2022 and the coming years. |
| 2022 | Hong Kong | In January 2022, Hong Kong’s securities and futures commission introduced enhanced disclosure requirements for ESG funds |
| 2022 | Singapore | The monetary authority of Singapore is moving towards a more detailed and prescriptive approach to ESG issues, including issuing guidelines for portfolio construction and risk management. |
| 2021- 2022 | Malaysia, Thailand & Vietnam | Exchanges in Malaysia, Thailand, and Vietnam have made ESG reporting a listing rule for all companies |
| 2021-2022 | ASEAN | The association of Southeast Asian Nations (ASEAN) has also set up the ASEAN taxonomy of sustainable finance to promote the adoption of green finance and encourage sustainable development |
Source: BNP PARIBAS
Southeast Asian – ESG Disclosure Reporting & Mandates by Stock Exchanges
Stock exchanges of all six association of Southeast Asian nations – Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines are members of the sustainable stock exchange initiative.
| Country | Development |
|---|---|
| Singapore | A sustainability reporting guide 2016 published by Singapore exchange mandates listed company to prepare an annual stability report on ESG materiality assessment. 1 |
| Malaysia | Under Bursa Malaysia’s listing requirements, companies’ annual reports must include a narrative report on how they manage material economic, environmental, and social (EES) risks and opportunities. The exchange has made available a sustainability reporting guide and six toolkits for companies’ use. 2 |
| Thailand | In 2017, the country’s securities and exchange commission (SEC) issued a corporate governance code under which companies must report on sustainability issues using an appropriate framework. 3 |
| Indonesia | In 2020, Indonesian listed companies started to prepare sustainability reports based on a financial services authority rule. 4 |
| Philippines | The Philippines securities and exchange commission 2019 released sustainability reporting guidelines for listed companies to submit sustainability data along with their annual financial report on a comply-or-explain basis. In case of failure, penalties are imposed on companies.5 |
Sources
[1] Singapore Exchange (2020), “Practice Note 7.6 Sustainability Reporting Guide”, Singapore Exchange, accessed (30.03.21) at http://rulebook.sgx.com/rulebook/practice-note-76-sustainability-reporting-guide
[2] Bursa Malaysia (2021), “Listing Requirements”, Bursa Malaysia, accessed (31.03.21) at https://www.bursamalaysia.com/regulation/listing_requirements
[3] The Securities and Exchange Commission of Thailand (2017), “Corporate Governance Code 2017”, the Securities and Exchange Commission of Thailand, accessed (31.03.21) at https://www.sec.or.th/cgthailand/EN/Pages/CGCode/CGCodeIndex.aspx
[4] Indonesia Financial Services Authority (Otoritas Jasa Keuangan) (2017), “Implementation of Sustainability Finance for Financial Services Institutions, Issuers and Public Companies”, International Finance Corporation, accessed (07.04.21) at https://www.ifc.org/wps/wcm/connect/bab66a7c-9dc2-412f-81f6-f83f94d79660/Indonesia+OJK+Sustainable+Finance+Regulation_English.pdf?MOD=AJPERES&CVID=lVXU.Oy
[5] Republic of the Philippines Securities and Exchange Commission (2019), “Sustainability Reporting Guidelines for Publicly-Listed Companies”, Republic of the Philippines Securities and Exchange Commission, accessed (07.04.21) at https://www.sec.gov.ph/corporate-governance/sustainability-report/
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