By Maya Yarowsky and Noam Gressel
Sustainability reporting is an important tool for companies to reflect their internal growth and innovative progress. Companies small and large have different ways of organizing corporate social responsibility (CSR) data, be it through EHS (environment health and safety), compliance or supply chain management divisions, or integrated sustainability leadership. Yet one of the major barriers to establishing an effective strategy is the ubiquitous use of spreadsheets to compile information.
According to a recent ReScore Group survey of 56 global corporations in a variety of industries, up to 34 percent of the of respondents that use spreadsheets were ‘unsatisfied’ or ‘very unsatisfied’ with their current methods. (Spreadsheet users accounted for 36 percent of total respondents.) This is opposed to 100 percent satisfaction by the 15 percent of respondents that use specialized sustainability reporting tools. Here are just a few of the common pain points expressed by spreadsheet users:
The good news is that a number of disruptive initiatives have emerged: CSRHub serves the investment community with SaaS solutions; Measurabl is tackling the real-estate market; and ecoOS has launched cost and clutter-cutting solutions for manufacturing industries. As these solutions are vetted by a wider user base, the sustainability community is expected to desert the vicious cycle of low-value reporting and enter a new era of sustainability-driven strategy and business value creation.
Image credit: Pexels
Noam Gressel is founder and CEO of ecoOS.
Maya Yarowsky is pursuing her Masters in Environmental Studies at Tel Aviv University and is a Marketing & Business Development Intern at ecoOS.
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