Emphasis on ESG will just continue to grow over 2024 and beyond. Creating your ESG data model now is a great first step. Some of the goals seem distant, but we are already running late! The improvements take time, and you can be assured that it will be harder and harder to find companies to do the work when there is a rush as we get closer to the deadlines. Availability will be tight, and costs will increase as more companies vie for the same vendors and resources.
The goals have been established, and you already have at least some of the data that you need. Start the process.
In their report, Deloitte mentions, “technologies such as big data and AI/machine learning can help companies track their overall carbon footprint.”
Feeding all this data may require digital maturity and robust data management capabilities. ESG reporting is becoming more and more critical to our clients, our shareholders, and the world. Now is the time to start the process of collecting data, planning actions, and model validation.