EY and IBM, a leading technology giant, have joined forces to launch a cutting-edge sustainability reporting Managed Services solution.
According to ESG Today, this initiative is designed to assist companies in tackling the increasing and evolving Environmental, Social, and Governance (ESG) disclosure requirements through comprehensive data management, analysis, and assurance-ready reporting capabilities.
The driving force behind this new product is the urgent need for companies to enhance their sustainability reporting. With the landscape of ESG disclosure requirements constantly evolving, businesses are required to continually invest in people, processes, and technology. This solution not only addresses these challenges but also aims to equip companies with the expertise needed for long-term value creation, moving beyond mere compliance.
At the core of EY’s offerings, this service leverages the firm’s extensive assurance expertise. Coupled with IBM’s advanced Envizi sustainability software solutions, the product stands as a significant expansion of the EY-IBM Sustainability Center of Excellence (CoE), a collaboration that underscores their commitment to facilitating business transformations centered around sustainability.
The newly launched product stands out for its comprehensive approach to sustainability data management. It integrates data from both internal and external sources, offering businesses a unified view that fosters actionable insights. Moreover, it features robust reporting and analytics tools, automated compliance and risk management functionalities, and stakeholder engagement mechanisms aimed at enhancing transparency and accountability.
This collaboration between EY and IBM reflects a strategic response to the sustainability challenges that modern businesses face. By providing a solution that not only simplifies ESG reporting but also supports strategic business transformation, EY and IBM are enabling organizations to navigate the complexities of sustainability with greater ease and efficacy.
EY Global Vice Chair, Sustainability, Amy Brachio, highlighted the common challenges organizations face with fragmented sustainability data and systems, emphasizing the solution’s ability to deliver holistic insights and adaptable reporting capabilities. Similarly, IBM Software’s Senior Vice President of Product Management and Growth, Kareem Yusuf, Ph.D., remarked on the intrinsic link between sustainability challenges and business operations, underscoring the value of their partnership in fostering transparent and trusted ESG reporting for stakeholders.
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