ESG Reporting in an EPM Model

The ESG concept emerged as an approach designed to address the need to assure stakeholders of the company’s long-term sustainability by focusing on ESG factors: Environment, Social, and Governance.

Faced with this demand, companies can either take a reactive approach, limiting themselves to the minimum requirements (for example, in terms of regulatory compliance), or take a leadership role by integrating the concept of sustainability into their business strategy and culture.

At Nova, we promote an integrated approach to financial, operational, and ESG sustainability, which translates into the design and implementation of a corporate management model that supports this approach, based on an Enterprise Performance Management (EPM) methodology.

The success of this vision will require addressing five key aspects: organization, a data-driven approach, methodology, a focus on the information’s recipients, and the definition of corporate strategy. And it will require an ambitious and solid implementation plan to make it a reality.

An opportunity is emerging for companies to leverage digital transformation capabilities to redefine their performance management models, expanding sustainability from financial aspects to environmental, social, and governance factors.