Smart Global Governance’s ESG Module delivers a comprehensive solution for managing risks and compliance in relation to environmental, social, and governance aspects. Tailored to your organization’s unique requirements, this module comes with 9 shared functionalities consistent across all other modules, ensuring an easy adoption and accelerated learning curve.
ESG Module Features
The ESG Module allows you to assess and track your organization’s compliance with environmental, social, and governance (ESG) standards and regulations. For example, you can assess your compliance with ISO 26000, ISO 14001 certifications, and labels such as the UN Global Compact.
Create detailed risk maps to visualize and understand the ESG risks your organization is exposed to. For example, you can create a risk map related to water use in your organization, in order to better manage this resource.
Centralize all documents related to the ESG aspects of your organization, such as sustainability reports, environmental policies, and impact studies. Produce your regulatory and normative documents.
This feature allows you to identify and track all risks related to the ESG aspects of your organization. For example, you can track risks related to greenhouse gas emissions, stakeholder relationships, or diversity within the board of directors.
Control catalog and Collaborative Action Plans
Store the controls necessary to mitigate ESG risks and work collaboratively to implement action plans. For example, you can implement an action plan to reduce energy consumption and CO2 emissions in your facilities.
Ensure that your staff is well informed about ESG risks and the measures to take to mitigate them by managing and tracking trainings. For example, you can offer training on reducing carbon footprint or promoting diversity and inclusion.
Risk Assessment and Analysis
The ESG Module allows you to analyze the risks associated with your organization and identify the measures to be taken to mitigate them. For example, you can analyze risks related to waste management and identify the necessary actions to reduce their impact on the environment.
Manage ESG incidents and track the measures taken to resolve them. For example, you can track an incident related to a chemical leak and the actions taken to limit the impact on the environment and concerned stakeholders.
Prepare and effectively follow up on meetings related to the ESG aspects of your organization. For example, you can organize a meeting to discuss the progress made in implementing your social responsibility strategy, by defining the agenda, participants, date, and documents to share. During the meeting, facilitate note-taking, tracking of discussions and decisions, and actions to be taken. The notes can be easily shared with the participants and linked to the objects studied during the meeting, such as risks, scenarios, and assessments.
Examples of the Benefits of
Interoperability in the ESG Module
When the ESG Module is integrated with the Integrated Risk Management Module, interoperability brings significant added value by facilitating the management and monitoring of different requirements related to the environment, society, and governance.
Interoperability allows correlating the requirements of different environmental, social, and governance regulations and standards.
If your organization must comply with both the UN Global Compact and ISO 26000, interoperability will facilitate the management and monitoring of these two standards by identifying common requirements and avoiding duplicates.
Detection of conflicts or inconsistencies
Thanks to interoperability, it is possible to quickly identify any potential contradictions or inconsistencies between different regulations and standards.
If a local waste management regulation conflicts with the requirements of ISO 14001, interoperability will help you detect these discrepancies and resolve them to ensure optimal compliance.
Interoperability allows better communication between the different departments of the organization, facilitating the sharing of data and information on ESG requirements.
The teams in charge of waste management and those responsible for energy consumption can collaborate more effectively to reduce the organization’s ecological footprint.
By documenting requirements interoperably, it is possible to reuse the documentation of a requirement for other standards or regulations. This reduces costs related to documentation, maintenance, and updating of requirements, while strengthening compliance.
In summary, the integration of the ESG Module into the Integrated Risk Management Module through interoperability provides added value in terms of :
✔️ Data sharing
Thus contributing to improving the quality and performance of risk management and compliance related to the environment, society, and governance.
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