- Solution overview
Rethink your ESG program to unlock long-term business value
Digitalize and better manage sustainability programs to maximize impact
Sustainability is now a business imperative and top of mind for most enterprises. They know that to thrive today, and, in the future, they must give more than they take from the ecosystem and drive a net positive impact. Companies are also facing rising expectations from shareholders, regulators, and other stakeholders to make environmental, social, and governance (ESG) considerations integral to business strategy.
Most companies are increasing their ESG efforts, moving sustainability out from corporate social responsibility and connecting it with their business strategies. Increasingly, the ability to drive net positive impact is becoming a competitive differentiator. But making this change is not straightforward.
Businesses face five key challenges in implementing their ESG agenda:
1. Lack of transparent and accurate data: In order to have reliable, complete, and compliant disclosures and reporting, companies need to capture investor-grade ESG data. This is difficult to do when a company is collecting and reporting data manually and from multiple sources. Disparate, fragmented, and unstructured data also makes it difficult for organizations to gain real-time, actionable insights into their ESG efforts.
2. The need to connect ESG to supply chain and procurement processes: Supply chains carry ESG risks and opportunities, so companies are looking to embed ESG risk mitigation strategies in its supplier management program and obtain ESG-related data – much of which is on scope 3 emissions accounting for nearly 70–80% of total emissions – from suppliers to improve visibility of third-party practices.
3. Lack of standardization in ESG reporting: With proliferating standards to choose from nascent regulatory guidelines, companies run the risk of non- standardized and inconsistent reporting.
4. Limited ESG expertise: Many companies do not have the right skillsets in place to understand sustainability risks, their impact on the business, and established governance and assurance processes. Few companies have the knowledge, capacity, data, or experience to handle the full range of ESG requirements.
5. Limited use of digital technology and analytics: Several organizations still put in significant manual effort to collect, consolidate, and report ESG data and obtain actionable insights, limiting its ability to deliver investor grade ESG information.
Our sustainability solutions help businesses implement an effective ESG program. We bring in functional knowledge, process excellence, technology capabilities, and knowledge partnerships to deliver solutions that drive tangible value. Our solutions include:
Implementation and monitoring:
Reporting and assurance:
Genpact's solutions are helping companies digitalize and successfully implement complex sustainability programs at scale to meet their ESG objectives. For example, we:
At Genpact, our commitment to sustainability runs deep. A strong heritage of leading large-scale process transformations equips us with the ability to drive synergies and efficiencies across ESG data management. Our ecosystem includes best-of-breed technology and knowledge partners and an established pool of sustainability experts. And we can partner with organizations along the entire ESG lifecycle – across assess, run, monitor, and report processes.
We have founded the frameworks we help build on years of transforming the governance and compliance practices of global organizations. Our deep expertise in the area enables us to gather and manage the data and provide the assurance companies need to seamlessly drive their ESG programs.