Facing Climate Change: Challenges and Opportunities for Corporate ESG Responsibility
Facing the challenges of global climate change, corporate social responsibility has become a critical part of company core values. ESG sustainability reports not only demonstrate corporate transparency but also reflect commitment to society and the environment. Especially after Taiwan's FSC launched the "Corporate Governance 3.0 - Sustainable Development Roadmap", companies must prepare ESG reports according to international standards such as GRI, SASB, and TCFD. Quickly and accurately producing reports that meet these standards has become a major challenge.
Rapidly preparing sustainability reports can enhance operational efficiency and demonstrate innovative business practices. Through digital tools for data collection, companies can quickly integrate large amounts of data to produce sustainability reports that comply with international standards. This not only significantly saves time and manpower but also builds solid trust and good reputation among investors and other stakeholders.
Using digital tools not only improves the efficiency of sustainability report preparation but also ensures report quality and compliance, and is a key driver for corporate green and digital transformation.
Traditional Approach: Hundreds of Excel Files Causing Data Fragmentation and Low Efficiency
In the traditional process of preparing ESG sustainability reports, a single ESG coordinator is usually responsible. Based on frameworks such as GRI, SASB, and TCFD, the coordinator lists hundreds of indicators in a data collection summary table, then breaks them down into various Word or Excel forms and sends them via email to different departments, locations, stores, or factories requesting relevant data or numbers.
After departments collect the data, they return large amounts of supporting documents via email, including policy statements, procedure reports, final presentations, photos, or statistical data. The coordinator spends enormous time every day manually processing large volumes of emails and documents, which not only leads to errors in data updates and management but also significantly affects the efficiency of ESG sustainability report preparation.
Furthermore, companies must regularly prepare ESG reports every year. If the ESG coordinator resigns or transfers in the future, and data is stored on personal computers without establishing standard ESG workflows, incomplete handover of past data could result in the loss of accumulated important ESG knowledge assets. This would require the company to spend more time and manpower each year to complete ESG report preparation.
Digital Transformation: Using Cloud Collaboration Platforms to Improve ESG Report Efficiency
Thanks to rapidly developing cloud technology, Sustaihub provides an effective digital tool to solve tedious and inefficient data processing—the "SMS Sustainability Management System." Through this system, report coordinators can quickly complete two steps: create GRI, SASB, TCFD data inventory tables and directly assign responsible units for each indicator on the platform. This enables all departments to conduct data inventory and report writing on the same platform, instantly tracking the collection progress of all ESG indicators.
Additionally, all uploaded documents are stored in a central database, eliminating the need to manually process and archive large volumes of emails and documents, greatly improving data integration efficiency. Therefore, ESG coordinators can easily track report progress and eliminate the risk of data loss that could occur when data is stored on personal computers.
The "SMS Sustainability Management System" is equivalent to a company's ESG knowledge management center. When governments, customers, investors, or auditors need ESG-related data, they can quickly extract required information from the database. This not only ensures data security and accuracy but also improves management efficiency and application flexibility.
Digital Strategy: Cutting ESG Report Work Time in Half
Facing increasingly stringent ESG regulations, all listed companies in Taiwan must complete and submit ESG reports by 2025. This is a task that requires top-down collaboration across the entire company and all employees. However, in traditional report preparation processes, from indicator formulation to data collection to report preparation, it typically takes 4 to 6 months. In comparison, adopting digital processes can shorten this period to 2 to 3 months, not only reducing preparation costs by about 30% but also saving up to 50% of work time. More importantly, digital processes help effectively manage inventory data, significantly reducing the risk of data fragmentation or loss.
Strategic Value: Benefits of Digital Tools for Corporate Sustainability
Facing increasingly stringent ESG regulations, all listed companies in Taiwan must complete and submit ESG reports by 2025. This is a task that requires top-down collaboration across the entire company and all employees. However, in traditional report preparation processes, from indicator formulation to data collection to report preparation, it typically takes 4 to 6 months. In comparison, adopting Sustaihub's "SMS Sustainability Management System" digital process can shorten this period to 2 to 3 months, not only reducing preparation costs by about 30% but also saving up to 50% of work time.
More importantly, digital processes help effectively manage inventory data, significantly reducing the risk of data fragmentation or loss, establishing a company's exclusive ESG knowledge management center.
Call to Action: Optimize ESG Processes—Explore Our Digital Solutions
Want to learn how to use digital tools to cut your ESG report work time in half? Or interested in learning about customized ESG report consulting services? If you're interested in digital tools that improve ESG report preparation efficiency, please contact us. We can provide system operation videos, presentation materials, and consulting services to help you find the most suitable ESG digital tools and consulting services.
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