How is ESG Data Defining the Future of Sustainable Operations?

Environmental, social, and governance (ESG) are no longer components in which organisations can participate. Rather, it has evolved into one of the most important avenues for organisations to remain relevant and win stakeholder trust.

The ESG movement’s future is entirely dependent on the quality of acquired data. Organisations will struggle to generate reliable ESG reports without correct data.

But how can organisations acquire their own high-quality data, and what elements should they include in the process?

Let’s look at the many sorts of ESG data and the best data gathering practises.

Data Types of ESG

When it comes to ESG data, both quantitative and qualitative insights are required to acquire a complete picture of the organization’s sustainability.

Quantitative data is based on numbers and is physically measurable.

Qualitative data provides interpretive and descriptive information.

Quantitative data, for example, offers information on the precise amount of greenhouse gas emissions caused by the organization’s production. On the contrary, qualitative data aids in understanding the why and how of events.

Read More: https://www.sganalytics.com/blog/future-of-esg-data-for-sustainable-decisions/