IBM Enhances ESG Data Platform with CSRD Sustainability Reporting Features

IBM has unveiled new features for its IBM Envizi product, aimed at bolstering its environmental, social, and governance (ESG) reporting capabilities. These updates allow organizations to meet the reporting obligations outlined by the EU Corporate Sustainability Reporting Directive (CSRD). The CSRD mandates that companies disclose information and metrics as defined by the European Sustainability Reporting Standards (ESRS). The IBM Envizi ESG Suite streamlines the collection and analysis of extensive data required for compliance. It equips clients with a range of tools, including response workflows, role-based access, collaboration features, approval processes, question guidance, audit trails, and third-party verification access, enabling them to prepare reports systematically and securely. IBM Envizi caters to the specialized reporting needs dictated by the CSRD, which aims to enhance transparency of sustainability performance for EU companies, investors, consumers, and other stakeholders. As the demand for ESG data management and reporting rises in organizations, the need for comprehensive, scalable, and specialized tools becomes increasingly vital. IBM Envizi supports customers throughout their sustainability journey, from data capture and reporting to performance improvement. The latest enhancements to the CSRD reporting features add to the existing capabilities of Envizi, which already supports eight other ESG reporting frameworks and disclosures. This integration allows customers to handle responses to multiple ESG frameworks within a single system. Consistency and auditability are crucial when addressing ESG reporting frameworks, and IBM Envizi facilitates these aspects through workflow tools that manage response routing and approvals. The software enhances collaboration through in-product commenting, tracks question status and completion with burndown charts, and provides question-level guidance to share best practices. Additionally, it enables the reuse of responses across different frameworks and offers features to copy answers from previous submissions. IBM Envizi meticulously tracks data modifications, providing an audit trail that traces data back to its sources and ensures the traceability of supporting documentation. The suite also includes read-only access to support third-party auditing. The recent updates to the IBM Envizi ESG Suite encompass a supply chain emissions solution, an entry-level climate disclosure solution, new AI functionalities, and expanded language options. These enhancements underscore IBM Envizi’s commitment to delivering a systematic, auditable methodology and tools for developing responses to ESG reporting frameworks and meeting disclosure requirements. Resources: https://esgnews.com/ibm-enhances-esg-data-platform-with-csrd-sustainability-reporting-features/