Environmental, Social, Governance
Transforming an IT company’s
ESG Reporting
Challenge
One of India’s big three IT companies was determined to maintain its leadership in the dynamic and increasingly critical domain of ESG (Environmental, Social, Governance) reporting. The reporting function that is responsible for ESG reporting faced some critical challenges. Central to this was the requirement to align their reporting with multiple ESG frameworks, such as BRSR (Business Responsibility and Sustainability Report), GRI (Global Reporting Initiative), and DJSI (Dow Jones Sustainability Index). The need to produce up to ten different reports annually, each based on the same underlying data yet tailored to different standards, posed a significant operational challenge. It not only consumed substantial time and resources but also heightened the risk of inconsistencies and errors.
Another critical aspect was making these reports comprehensible and accessible to a diverse range of stakeholders, from investors and regulators to the general public. This necessitated distilling complex ESG data into an easily understandable format without compromising on the depth and integrity of the information.
Solutions
NLightN’s AI-native application is able to understand the requirements of different ESG reporting frameworks. It automatically aligns the relevant data to the specific criteria and indicators of frameworks like BRSR, GRI, and DJSI. This significantly reduces manual effort and the risk of errors, enabling the production of multiple reports seamlessly.
The solution provides predictive analytics, offering insights into trends and potential areas of risk or opportunity. This enables proactive decision-making and strategic planning in ESG initiatives.
NLightN’s platform includes interactive dashboards and visual tools that allow stakeholders to engage with the ESG data dynamically. Users can ask questions in simple English and can generate tailored reports.
Results
This AI-powered ESG reporting solution has transformed the way the IT company approaches its sustainability reporting. Key impacts include:
Efficiency in Reporting
Dramatically reduced the time and resources needed to create multiple ESG reports, improving operational efficiency.
Accuracy and Consistency
Enhanced the accuracy and consistency of reports, building trust and credibility among stakeholders.
Stakeholder Engagement
Improved stakeholder engagement through easier-to-understand reports and interactive data tools.
Strategic Insights
Provided strategic insights into ESG performance, aiding in better decision-making and highlighting areas for improvement.