ESG
“ As the ESG landscape shifts and expands , data management has emerged as the cornerstone for meaningful progress ”
WOUT VANDEGAER INFORMATICA ALLIANCE LEAD , DELOITTE CONSULTING LLP
The partnership between Deloitte and Informatica Deloitte and Informatica , like many companies willing to prioritise sustainability , are big believers in partnerships .
“ There isn ’ t a single vendor out there that can solve the sustainability challenge on their own ,” Levent says . “ So , partnering is a critical component of our strategy and our partnership with Deloitte is a perfect example .”
Informatica sees the reporting side as the tip of the iceberg – with data the hidden giant below .
“ We ’ re about where financial reporting was 20 years ago – companies think that getting a reporting solution will be enough , and are treating data like an afterthought . But , when you can ’ t trust the data going in , you can ’ t trust the results you ’ ll get ,” he says .
“ Given that 80 % of the effort is with the data itself , ultimately what we want to achieve is data-driven sustainability transformation in addition to ESG disclosures .”
And that is exactly what the partnership between Informatica and Deloitte aims to do – rapidly help their customers achieve a very strong data foundation , so that sustainability transformation can be data-driven using clean , trustworthy data .
How is ESG and sustainability impacting the role of the CDO ? Sustainability is seeping into every corner of the boardroom . Supply chain leaders are working to reduce Scope 3 emissions , finance controllers are working on green investments and diversifying portfolios , staff and people leads are working on DE & I – so how is sustainability impacting the Chief Data Officers ?
“ In today ’ s ever-evolving business landscape , sustainability is more important to enterprises than ever ,” Meredith explains . “ It ’ s not about simply meeting compliance requirements – ESG is seen as a major contributor to growth and competitive advantage , which makes accurate ESG reporting essential .
68 July 2024