August 2, 2023
Toronto, Canada – [2nd August 2023] – Intelex, a global provider of cloud-based environmental, health, safety, and quality (EHSQ) management software, has released a research report examining the priorities and concerns of environment, social, and governance (ESG) professionals.
The study found that 97% of professionals find it challenging to keep up with the increasing number of ESG compliance requirements, with 75% stating that enhancing their ESG reputation is ‘critical’ to improve brand credibility and competitive positioning.
There are serious challenges in the form of data and technology requirements, with professionals feeling overwhelmed and ill-equipped to manage huge amounts of data. According to the research, 42% state data reporting is their most significant challenge while only 7% have fully integrated systems in place.
The report suggests that many organizations struggle to implement the most effective tools to collect and manage their ESG data, with 44% stating they have poor integration between different technology solutions and 32% saying they lack the correct technology to collect and analyze the data they need in the first place.
Commenting on the report, Intelex’s Trevor Bronson, Director, Portfolio Strategy said:
“The research has shown that most organizations have ambitious plans for managing their increasingly complex ESG obligations. At the same time, those obligations come with serious challenges in the form of data and technology requirements.
“In a business environment where ESG performance is linked directly to items like access to capital, access to talent, reputational strength, and a general competitive edge, organizations that aren’t leveraging technology are liable to be left behind by their competitors.
“Intelex provides the technology and expertise organizations need to meet the challenges identified in our report and adapt to a dynamic and demanding future. With Intelex, organizations can collect and manage the data from a variety of sources, ensure data quality and auditability, prepare a variety of voluntary and mandatory reports, and drive overall ESG performance. Intelex can help every organization ensure they are supporting their internal and external stakeholders while also providing business value and delivering on financial goals.”
Read the full Intelex report “Complex Data. Increasing Regulations. Cutting-Edge Solutions” detailing how technology is supporting sustainability in ESG: www.intelex.com/global-research
