“ As the ESG landscape shifts and expands , data management has emerged as the cornerstone for meaningful progress ,” Wout concludes .
It is undeniable that trustworthy foundations , steadfast collection and clear interpretation of data can be crucial to successful sustainability strategy implementation , the report says .
“ Data is key to evaluating ESG commitments and performance metrics ,” Wout concludes .
“ Yet , creating a trustworthy store of ESG data remains a complex undertaking , requiring coordination with internal and external collaborators . Data risks can ’ t be outsourced and regulators expect that standards of data quality and governance will be applied regardless of how ESG data has been acquired .
“ Boards naturally look to their CDOs to provide data expertise , and guidance on the systems , processes and change management needed to make ESG reporting effective , trustworthy and compliant .”
So , what are you waiting for ? It ’ s time to check in with your CDO .
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