More than ever, consumers, employees, and investors are making decisions based on trust. They want to buy from, work for, and invest in businesses that demonstrate positive impact on people and the planet, in ways that everyone can understand and verify. To help organizations with clear target setting, automated ESG reporting, and transparent benchmarking, we are delighted to launch the OneTrust ESG & Sustainability Cloud today. With fully integrated Planetly by OneTrust technology, the OneTrust ESG & Sustainability Cloud enables businesses to build and execute their ESG and sustainability strategy with a flexible cloud-based platform. Empower your organization to automate reporting, drive change, demonstrate impact, and foster trust with key stakeholders through enhanced transparency.
Sustainability is now at the top of the corporate agenda
Organizations across every industry have faced enormous pressure in the last few years. Everything from the COVID-19 pandemic to social unrest to the climate crisis have had major business impacts. In many cases, business leaders have had to completely transform their organization to address these challenges, and this has profoundly affected the corporate agenda. The most recent IBM survey of 3,000 CEOs worldwide found that sustainability is now one of the top five important issues for CEOs, compared to being in last place in 2015. It’s no longer enough to focus inwardly on revenue and costs alone, and smart business leaders know that. In fact, eight out of ten CEOs said sustainability investments will drive better business results in the next five years. But it also means going beyond commitments to “walking the talk” because investors, employees, partners, and other stakeholders are demanding it. Nearly three quarters (72%) of CEOs reported growing demand for greater transparency around sustainability from the board, followed by demand from investors (57%), partners (49%), and regulators (49%).
How can the OneTrust ESG & Sustainability Cloud help?
The OneTrust ESG & Sustainability Cloud can help you get ahead of the curve to meet and exceed stakeholder expectations. It empowers your organization with a holistic, fully integrated platform to drive change, demonstrate impact, and build trust. Key functionalities include:
- Carbon Accounting: Calculate, understand, reduce, offset, and disclose your Scope 1 and 2 emissions, including energy consumption and mobile combustion. Build a carbon reduction plan that is in line with the latest climate science and avoid greenwashing with carbon offsets.
- ESG Program Management: Streamline ESG data collection and reporting with centralized management and action-oriented analysis. Centralize ESG data from across your organization and suppliers. Auto-populate ESG reporting frameworks and standards such as SASB, GRI, CDP, and more. Implement fully compliant ESG reporting, program management, and carbon accounting for your investment portfolio.
- Supplier Sustainability & Responsibility: Calculate and understand your Scope 3 emissions such as purchased goods and services, water and waste from your office buildings, and business travel. Build a more responsible supply chain and reduce reputational risk by assessing suppliers, tracking adherence to policies, and holding them accountable.
