Digital workflow company ServiceNow announced the launch of ESG Management, a new product aimed at enabling companies to manage and govern their ESG programs. The ESG solution forms part of the latest version of the company’s enterprise-scale workflow automation suite, the Now Platform Tokyo release.
The release follows the introduction last year by ServiceNow of an ESG solution, powered by the Now Platform, designed to enable companies to plan, activate, manage and report on ESG strategies and initiatives. The new release provides enhancements enabling companies to establish and document ESG goals and KPIs, track performance, collect and validate audit‑ready data, and create disclosures that align with major ESG reporting frameworks.
Key features include carbon accounting to calculate greenhouse gas (GHG) emissions, ESG metric tracking tools to assess progress and extract insights, as well as a strategic portfolio management tool that allows companies to run scenarios around reaching Net Zero and Scope 1, Scope 2, and Scope 3 targets.
ServiceNow stated that it is collaborating with a series of companies and service providers t extend ESG Management’s reach and capabilities, including DXC Technology, Emissionsbox, Fujitsu, KPMG, LTI, Mindtree, NTT DATA Corporation and RSM US LLP.
In a blog post announcing the new platform, ServiceNow Chief Operations Officer, CJ Desai said that the solution aims ”to help customers move from inefficient and error-prone ESG program management and reporting to an end-to-end system of record.”
“ESG Management allows customers to collect auditable, investor-grade data and manage program goals in one place. It provides formula-based metrics with actionable insights into ESG performance, carbon accounting to calculate greenhouse gas emissions, and spreadsheet-style data entry for easy information collection and verification.”