LogicGate’s Risk Cloud compliance platform now has the capability to handle measuring, tracking and reporting on ESG initiatives, the company announced.
“ESG reflects the integrity of an organization. But it’s not just about the goals they announce — it’s about the policies they put in place, the actions they take and their ability to show progress toward those goals,” Jon Siegler, chief product officer at LogicGate, said in a news release. “Our ESG solution enhances our customer’s holistic approach to GRC, enabling them to streamline their ESG reporting processes within the platform they already rely on, whether they’re just getting started with ESG or looking to optimize their current processes. It gives them the tools to build trust through transparency.”
Federal regulators seem poised to establish formal rules regarding disclosure of greenhouse gas (GHG) emissions, and both investors and consumers are keenly interested in companies’ impact on the environment and social issues.
Reporting is essential to the accountability customers, employees and investors seek, but the requirements vary by industry and country, leading to confusion and requiring time-consuming manual effort.
By integrating an ESG solution into Risk Cloud platform, LogicGate hopes to provide a centralized tool for identifying ESG initiatives, tracking and assessing related risks, linking applicable policies, and measuring and reporting on overall progress toward ESG goals, the company said in the news release.