With so much sustainability reporting activity starting this year, GLYNT has called 2024 The Year of Sustainability Data. Actual, consistent, auditable data makes all the difference.
Industry analysts agree. This blog post is a round up of the state of sustainability data practices, where the market is going and the value of great data – as seen by leading market analysts. Across the board, analysts emphasize the role of data to deliver reporting and operational efficiency. The evidence shows that strong sustainability performance leads to higher valuations. And it all starts with data.
The State of Affairs – We’re Just Getting Started
“More than half (54%) of sustainability professionals report that they currently use a manual process, including Excel spreadsheets.”
Do It Right and Out Perform
“You can have your cake, eat it too, and lose weight.”
– MIT Professor Andy Lo, on his findings that actively managed ESG funds outperform the market.
Data Preparation Is the Biggest Challenge
What’s Next? Better Data Methods
“Feeding in bad-quality data risks regulatory issues and accusations of greenwashing, so making the right choice here is crucial.”
Making the Business Case for Sustainability
“It doesn’t make a lot of sense to even pick up the phone when a standalone reporting provider calls.”
And the Power of Gen.AI
We close this round up with a peek at the future. While the IDC study cited below addresses the entire Salesforce footprint, GLYNT’s previous work has shown how sustainability data is also a key element of this change: Better sustainability data leads to better performance through gen ai.
“Aided by AI, the Salesforce economy — the impact of Salesforce and its network of partners on the overall economy — will generate more than $2 trillion in net new business revenues between 2022 and 2028 and 12 million new jobs.”
GLYNT: The Sustainability Data Company. We produce actual, accurate, auditable data. Granular and disclosable too.