Feature - ESG Management with Framework Integration

Forum - Software
1

Dear Eramba development team,

I wanted to suggest a new module for Eramba - ESG (Environmental, Social, and Governance) Management.

As you know, ESG has become increasingly important for businesses around the world. With the growing emphasis on sustainability and corporate social responsibility, companies need to be able to effectively manage and report on their ESG performance.

The ESG module I am suggesting would build upon the Risk Module and provide the ability to import and use established ESG frameworks such as GRI, SASB, and SDGs (imported as Compliance Package). Users could store KPIs and audit evidence for each framework’s KPI, making it easier to manage and track performance against established standards.

This new module could help companies more easily comply with ESG reporting requirements and stay up-to-date with the latest best practices. It would also enable users to better understand their ESG performance, identify areas for improvement, and set goals for the future.

Additionally, the new module could integrate with other Eramba modules such as Risk, Compliance, and Audit, providing a more comprehensive view of a company’s overall risk and compliance posture.

Thank you for considering my suggestion. If you have any questions or need further information, please don’t hesitate to reach out to me.

Best regards,

2

How could this not be accomplished with the current structure of compliance packages, controls, etc? It’s no different than any other compliance “problem” for which you can create a custom compliance package…

3

yep … we are not taping into industry specific things. no new modules are planned outside of what we already have and that already needs a ton of work still.

4

Let´s take into consideration that ESG (Environmental, Social, and Governance) is not an industry-specific issue!

It affects all organizations, regardless of their sector or size, as it involves assessing and managing the impact of an organization’s operations on the environment and society, as well as the way the organization is governed. ESG has become increasingly important to stakeholders, including investors, customers, employees, and regulators, as they demand more transparency and accountability from organizations in terms of their environmental and social impact, as well as their governance practices. Therefore, the suggestion is to provide a dedicated module/interface for ESG management that can help organizations effectively measure, manage, and report on their ESG KPI performance.

All the best,