Risk management software developer IsoMetrix announced today the launch of a new ESG management application, aimed at providing corporate sustainability and management professionals with a comprehensive solution to manage and report on their organizations’ ESG and sustainability performance.
Designed to be an all-in-one ESG management solution, the new application is the first to launch on IsoMetrix’s new SaaS platform, IsoMetrix Lumina.
The new ESG solution comes as companies are coming under increasing pressure to not only improve their sustainability profiles, but are now also facing growing and evolving regulatory requirements to report on their progress. Management of ESG data, from collection to measurement and reporting is often cited by executives as a key challenge in meeting sustainability disclosure obligations.
Key features of IsoMetrix’s new ESG application include the ability to gather data from a library of templates or through specific data queries, a calculation engine measure factors such as intensity ratios and carbon footprints, built-in ESG standards including GRI, TCFD, SASB, and WEF available as templates, report generation and analytical dashboards to visualize data, and the availability of specialized advisory partners to support ESG initiatives.
IsoMetrix Chief Operating Officer (COO), Dr Giles Nelson, said:
“We’ve invested heavily to develop this next generation of software which will see us into the future. Our ESG application represents a sea change in the way corporates and the economy in general are going to work. This first application on the IsoMetrix Lumina platform will help organizations manage their information better, trace it, make it auditable, and report on it to a higher standard, and we’ll only be increasing its capabilities over the next few months. For all our customers, this will mean a faster return on investment and less time needed to see real results. We can’t wait to see our customers receiving the benefits!”