esg meaning

Enterprise Solution For ESG Management

Integrate and automate your annual ESG plans & daily task progress with Onspring’s control library, requirement mapping, automated assessments, collaborative workflows, and dynamic reporting capabilities. No more guessing. No more spreadsheets. Just actionable transparency as you build a reputation for social responsibility.

Request a Demo

Automate and Improve your ESG Management Strategy

esg management in onspring

Our ESG software can help you manage climate-related risks, financial risks, operational risks , reputational risks and governance issues within the greater, connected context of your comprehensive risk management strategy.

Onspring’s Environmental, Social and Governance (ESG) software solution centralizes data, automates assessments, streamlines sustainability disclosure reporting and simplifies the management of your ESG initiatives. This means you can demonstrate success with audit-ready ESG data in a manner that investors can trust.

esg management in onspring

ESG Corporate Governance is Easier With Onspring

Measure & Track Your Environmental, Social & Governance (ESG) Scores

Identify Your Material Topics & ESG Goals

Determine your company’s ESG goals and metrics by reviewing relevant material topics, your current ESG score, and selecting which, if any, disclosure frameworks are recommended for your business. Planning your ESG Program

Conduct initial and ongoing evaluations

Develop categorized questions and schedule materiality assessments to evaluate ESG compliance and opportunities for improvement. This step helps determine initiatives and projects. esg assessment

Track Your ESG initiatives

Assign tasks for programs, projects or mitigation. Track and monitor policies, controls and risks against your ESG goals to further mature your ESG compliance and improve overall impact. esg management

Share Real-time Updates & Audit-ready Reports

Built-in dashboards and visual reports create a source of truth for all aggregated and validated ESG data, including evidence collection. Real-time reporting also keeps up with evolving standards, best practices and disclosure requirements. esg reporting

Identify Your Material Topics & ESG Goals

Determine your company’s ESG goals and metrics by reviewing relevant material topics, your current ESG score, and selecting which, if any, disclosure frameworks are recommended for your business.

Planning your ESG Program

Conduct initial and ongoing evaluations

Develop categorized questions and schedule materiality assessments to evaluate ESG compliance and opportunities for improvement. This step helps determine initiatives and projects.

esg assessment

Track Your ESG initiatives

Assign tasks for programs, projects or mitigation. Track and monitor policies, controls and risks against your ESG goals to further mature your ESG compliance and improve overall impact.

esg management

Share Real-time Updates & Audit-ready Reports

Built-in dashboards and visual reports create a source of truth for all aggregated and validated ESG data, including evidence collection. Real-time reporting also keeps up with evolving standards, best practices and disclosure requirements.

esg reporting

Dig into ESG process automation details

Dig into ESG process automation details

Check out the ESG Solution Brief to see what’s included.

Download the Brief
Automate the workflow for control validation

Process Automation Capabilities

  • Standardize & schedule ESG program steps
  • Centralize ESG data management from multiple sources

  • Map data to factors, requirements & checklists

  • Scope & categorize improvement objectives

  • Track review notes & remediation activities

  • Conduct internal & external surveys

Data Analytics Capabilities

  • Report real-time ESG ratings from evaluations

  • Review ESG improvement plans in real-time, including gap analyses, remediation activities & overall performance improvement

  • Benchmark with integrated data from other business units & third-party data feeds

  • Integrate reports with other business units & third-party data feeds

  • Customize dashboards by user, group & role

Use Onspring dashboards to monitor your control program.
Customer-reviews-of-Onspring-Process-Automation-Software

“Onspring is fantastic. With it, we can easily track ESG assessments and tasks, while viewing our ESG score year-over-year. Before Onspring, our data was in multiple systems that took time to track down, plus we were managing annual work plans in manual spreadsheets. The Onspring team is great to work with and helps us address all of our needs.”

Jennifer Neville, Associate General Counsel
Sevita (formerly known as The MENTOR Network)

Success Story: Integrating an ESG Strategy into GRC

What started as a GRC solution, quickly evolved into a multi-phased approach to create efficiencies for all business initiatives, including ESG, for Sevita, a healthcare company formerly known as The MENTOR Network. Learn how they launched their ESG plans, developed their assessment process, assign tasks, and analyzed transparent YoY reporting in Onspring.

Explore their ESG Story

Schedule a 1:1 Demo

FAQS

Yes. You can set up automated emails to send reports to your Board and even your executive team on a timetable you establish. Reports can be sent in different formats and customized to include various levels of detail, all of which you select based on your audience.

ESG has become an important acronym for businesses because it refers to the ethical environmental, social and governance practices of an organization. It’s become shorthand for determining how “good” a company is, not just how profitable a company is. For example, a company that has been audited by SRI standards means that it has taken steps to minimize negative impacts on people and the environment. administrators dive deep into specific Onspring features to help you achieve your goals for data management, process automation, and reporting.

Following ESG principles can mean a great deal when it comes to managing a company’s reputation and securing investment funds. This is why it’s important to have a centralized, auditable system for documenting policies, goals, workflows and reporting ESG performance as companies evaluate the impact their actions may have on society.

An ESG score is a metric of how well an organization performs on the social, environmental and corporate governance aspects of its business. It is calculated by comparing your organization’s performance against a set of criteria that are designed to capture these three dimensions of sustainability. The ESG score is can be used as part of the decision-making process when considering whether or not to invest in your organization.

Improving your company’s ESG score really means improving your company’s performance against ESG criteria. This means assessing your current ESG practices, setting goals in alignment with ESG factors, benchmarking against peers, executing plans to achieve goals and scheduling regular assessments and ESG reporting—which is where an ESG software tool like Onspring can be a tremendous help.

ESG is a broad term that covers the impact of environmental, social, and governance factors. It can include areas such as climate change, human rights, corruption, labor practices, and transparency in business dealings. The goal is to make sure companies take these matters, like their carbon footprint or greenhouse gas emissions, into account when making business decisions.

Companies need to have clear policies on how they will address ESG issues and risks. They also need to ensure that policies are clearly communicated. For example, if a company has suppliers with poor working conditions, it needs to communicate clearly what actions it is taking to improve those conditions. This applies to a company’s reaction to government regulations as well as industry standards.

Companies that demonstrate ESG responsiveness can garner a higher ESG score, which can be a competitive advantage. It shows that you care about what happens outside your company, which makes customers more likely to buy from you and improves your social responsibility reputation. This also means that responsible investors will see you as a better long-term bet than other companies.

RELATED SOLUTIONS