In recent years, businesses are coming under immense pressure to manage a myriad of ESG risks from an ever-increasing number of stakeholders.
CORK, Ireland (PRWEB) March 16, 2023
Compliance & Risks today announces the launch of its new enterprise SaaS ESG Solution. The ESG Solution is designed as a response to growing demand from global organizations unsure where to start with an ever-increasing list of mandatory and voluntary reporting frameworks and regulations worldwide.
The ESG Solution helps organizations seamlessly implement a company-wide ESG strategy by getting an overview of mandatory reporting obligations and mapping these to their ESG goals. In addition, users can research, collaborate and align with stakeholders, track progress towards their ESG goals and targets, and demonstrate compliance to evolving regulatory requirements.
In recent years, businesses are coming under immense pressure to manage a myriad of ESG risks from an ever-increasing number of stakeholders. Regulations with mandatory ESG reporting obligations have grown at an unprecedented rate in the past two years, from 23 in 2021 to 150 in 2023.
To manage these risks strategically and make effective business decisions, firms must collect and track data on an ongoing basis. Although a recent Verdantix survey indicated that firms are still heavily reliant on spreadsheets for managing certain aspects of ESG risk, a growing number of organizations are expected to turn towards digital solutions to help them with aspects of their ESG risk programmes. Verdantix Report, “Strategic Focus: How Corporations Can Leverage Software To Manage ESG Risks”, Dec 2022.
Compliance & Risks has been providing holistic market access solutions for over 20 years to the world’s leading brands, including Miele, Bosch, Samsung and Tesla in the area of product compliance with its enterprise platform, C2P, positioning the company perfectly to provide regulatory compliance solutions for the growing ESG market.
Compliance & Risks ESG Solution, powered by the C2P Platform, ensures customers have visibility on a range of regulations and standards on matters including ESG Reporting, Circular Economy, Water Efficiency, Carbon Footprint, Conflict Minerals, Human Trafficking and Slavery, Illegal Logging and Climate Change.
Chief Product Officer Matt Kuo commented, “We are incredibly excited about our new ESG Solution that combines our powerful technology, global regulatory content and subject matter expertise. We have been laser-focused on helping customers cut through the noise to understand what their mandatory reporting requirements are so they can prioritize their ESG efforts and drive progress against their ESG strategy.”
The ESG Solution is complemented by Compliance & Risks’ team of subject matter experts and knowledge partner network spanning the globe who provide insights and commentary on regulations in 195 countries across 20+ industries. With over 27 languages spoken on the in-house team, customers can rest assured that relevant regulations, including local language versions, are summarized in the ESG Solution for their assessment.
Joe Skulski, Chief Executive Officer of Compliance & Risks said:
“With over 20 years in regulatory compliance, we are delighted to expand our core offerings to ensure our customers have the right tools to manage risk in this new era. Our mission is to help ensure global organizations have the information and tools to build consumers safe, sustainable, products in a world full of change. By bringing together the breadth of our technology capabilities and depth of our regulatory expertise, we can now provide our customers with a powerful ESG Solution to ensure they manage organizational risk effectively.”
For more information visit http://www.complianceandrisks.com/ESG