Software developer launches new ESG application
Software developer IsoMetrix has launched an all-in-one environmental, social and governance (ESG) management solution that will enable organisations to comprehensively manage and report on their ESG and sustainability performance.
The application is built on a new SaaS platform named IsoMetrix Lumina. The ESG product supports corporate sustainability and management professionals in the collection of key data necessary to report ESG metrics efficiently, accurately and in alignment with relevant standards and frameworks, as well as to raise and manage related actions to improve overall ESG performance.
As ESG becomes an increasingly important topic globally, companies are required to comply with more and more legislation and regulatory oversight. Consistently collecting data, measuring progress, and reporting on their headway across a growing range of ESG and sustainability-related metrics are just some of the key activities required.
ESG powered by IsoMetrix Lumina enables companies to:
- Meet governance reporting requirements with regards to executives, investors, customers, rating agencies, regulators, and operational stakeholders
- Reduce environmental impacts and positively affect social factors such as diversity and inclusion
- Identify operational efficiencies in their business that will lower costs
Highlights of IsoMetrix’s new ESG application include:
- The ability for data to be gathered directly from people using data requests, inspections, and surveys
- A powerful calculation engine to measure carbon footprint
- Built-in and maintained ESG reporting standards
- A powerful analytical layer that allows organisations to interrogate and visualise data
- The availability of specialised advisory partners to support ESG initiatives
IsoMetrix has worked with corporates on sustainability management for over 20 years. Its ESG solution allows businesses to define which data needs to be disclosed upon, then provides the toolset to collect that data and display it for analysis via a range of dashboards, as well as package it for reporting purposes.
It also comprises multiple useful functionalities designed to significantly assist ESG professionals. These include, but are not limited to, the ability to track ESG standards via the Indicators Library, the housing of pre-defined question sets, and other content aligned with GRI, SASB, WEF, and TCFD standards, full audit tracking, built-in collaboration features, and the availability of ‘intelligent’ assistants such as a data validation engine, and a separate calculation engine.
According to IsoMetrix Chief Operating Officer (COO), Dr Giles Nelson, the ESG application represents a sea change in the way corporates and the economy are going to work.
“This first application on the IsoMetrix Lumina platform will help organisations manage their information better, trace it, make it auditable, and report on it to a higher standard, and we’ll only be increasing its capabilities over the next few months. For all our customers, this will mean a faster return on investment and less time needed to see real results,” says Nelson.
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