Harnessing ServiceNow for ESG Compliance: A Strategic Asset for EU Regulations
In the wake of the European Union’s new regulations on Environmental, Social, and Governance (ESG), organisations are seeking efficient ways to integrate ESG compliance into their business operations.
The complexities of ESG reporting are driven by the rapid evolution of global and regional standards, such as those by ISSB (International Sustainability Standards Board) and EFRAG (European Financial Reporting Advisory Group), and the low adoption rate of ESG-supportive software. Companies face challenges in data quality, standardisation, materiality, and ensuring compliance, which necessitates efficient data management and verification processes.
ServiceNow emerges as a strategic asset, offering features that can streamline the ESG compliance process. Below, we have highlighted how ServiceNow as a Strategic ESM Platform can support companies.
Key Features of ServiceNow for ESG Compliance
- ESG Reporting: ServiceNow provides a centralised platform for ESG reporting, making it easier to manage and disclose ESG metrics. This is crucial for transparency and accountability in compliance efforts.
- Automated Data Collection: With ServiceNow, companies can automate the collection of ESG data, ensuring accuracy and efficiency. This helps in maintaining up-to-date information for reporting and decision-making.
- ESG Service Center: ServiceNow’s ESG Service Center offers a full-service solution for ESG data management, including a named service manager responsible for annual ESG reporting and ensuring uninterrupted data flow.
- Integration with Existing Systems: ServiceNow’s ability to integrate with other systems ensures that ESG data is comprehensive and considers all relevant information across the organisation.
Benefits of Using ServiceNow for ESG Compliance
- Streamlined Compliance Processes: ServiceNow simplifies the compliance process, reducing the complexity and resources required to meet EU ESG regulations.
- Enhanced Data Management: The platform’s data management capabilities ensure that ESG data is handled efficiently, securely, and transparently.
- Strategic Decision Making: Access to reliable ESG data supports strategic decision-making, helping organisations align their operations with sustainability goals.
- Scalability: As ESG regulations evolve, ServiceNow’s scalable solutions can adapt to changing compliance requirements, ensuring long-term resilience.
Embrace the Future of Sustainability with ServiceNow ESG
Unlock the potential of ESG compliance and drive sustainable growth with ServiceNow. Harness its powerful features to streamline your ESG reporting, automate data collection, and make strategic decisions that align with your sustainability goals. Don’t miss the opportunity to enhance your corporate reputation and stay ahead in the era of accountability. Explore ServiceNow’s ESG capabilities today and lead the change towards a more sustainable future.
Want to learn more about how ServiceNow can support managing ESG Compliance?
Sign up for our webinar where our Nordic CTO for ServiceNow will host a live Demo showing how ServiceNow can be utilized for ESG reporting.
Read more about ESG:
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The authors:
Sabrina Devett Nielsen
ServiceNow Consultant
sabrina.devett.nielsen@sofigate.com
+45 60 57 44 95
David Oppen Strand
Head of Sales Denmark, Norway and Southern Sweden
david.oppenstrand@sofigate.com
+45 28 78 37 64
Kasper Koll
CTO of Platforms – Denmark and Southern Sweden
kasper.koll@sofigate.com
+45 81 61 19 93
Sofigate is The Business Technology Transformation company with over 750 employees in Denmark, Finland, Sweden, Norway, Poland and Hungary. Sofigate helps customers develop the interplay between business and technology: to design, build and implement transformations and business-adaptive technology solutions. The company utilizes the Business Technology Standard and the world’s leading technology platforms such as ServiceNow, Salesforce and SAP.
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