Trusted ESG Metrics: The New ‘Must-Have’ for High Growth Businesses
ESG has moved quickly up the priority list for organisations of all sizes. Small and midsized, fast-growing businesses also must chart a strategy for how they’ll adhere to ESG objectives.
Today, investors increasingly consider ESG factors in their decisions, and customers and employees want to understand the ESG credentials of the brands they buy and the businesses they work for. And for organisations in regulated industries, the demands of ESG reporting are becoming more and more rigorous.
So, tracking and evidencing ESG metrics is essential today. With standard NetSuite and tools like NetSuite Planning and Budgeting (NSPB), and NetSuite Analytics Warehouse (NSAW), within NetSuite ecosystem, it’s easy. As well as helping you to run your business, NetSuite can help you store the right data and report against frameworks such as GRI and CSRD.
Single Source of Data Supports Profitable Decisions and a Resilient Supply Chain
Back in 2016, The Cheeky Panda’s founders Julie Chen and Chris Forbes were struck by the amount of surplus bamboo going to waste in a factory they were visiting. Fast forward seven years, and The Cheeky Panda has grown into a £12-million business transforming this sustainable material into eco-friendly tissue paper and wipes. It’s quite a journey from a home-based business to a certified B Corp selling over 16 products in 25 countries.
For Julie and Chris, being successful founders of a sustainable business means being efficient, maintaining a resilient supply chain, and using software that can provide the data that supports their environmental objectives. Having a single source of data enables them to manage cash flow, balance sheets, inventory, and planning as the company grows in scale and moves into new international markets.
Resources and Content
Trusted ESG Metrics: A New Must-Have for High Growth Companies
It’s way more than box-ticking. Our guide explains the links between ESG metrics and business performance, paints a picture of the compliance landscape and considers how to collect and use the right ESG metrics.
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Which ESG Metrics Should You Measure?
Our new data sheet identifies 60 different metrics across the three categories of ESG. That’s a lot of complexity. And as ESG regulations increase, metrics need to be accurately tracked and monitored.
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Trusted ESG Metrics: A New Must-Have for High Growth Companies (Infographic)
If you’re pushed for time, use this infographic to get the picture on ESG metrics, why they matter and how to track them.
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Smart Growth: How Your Business Can Benefit From NetSuite AI
Read this guide to understand how the combination of AI and NetSuite’s unified view of a business can generate recommendations that reveal insights and drive profits.
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5 NetSuite Financials Modules That Make Your Business More Efficient
A growing number of regulations and an uncertain financial landscape require more reports, of better quality, in less time, leaving accounting teams stressed beyond their limits. So, how can finance and accounting leverage core NetSuite data to produce, manage, and monitor even more?
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NetSuite Planning and Budgeting
Unless it’s collaborative and linked to your key metrics, planning and budgeting can be inefficient and prone to error. Our data sheet explains how NetSuite Planning and Budgeting solves this by integrating planning, budgeting and forecasting to give you more control, visibility and accuracy.
Learn more89% of business leaders believe organisations that use technology to help drive sustainable businesses will be the ones to succeed in the long run.
*Source: Oracle + Savanta ESG Global Study
Effective ESG Strategies Need Accurate and Visible Metrics
Integral to Success
ESG objectives are no longer a ‘nice to have’. Today, they are an essential component of success—and a legal requirement for many. When businesses prioritise ESG, they get better access to capital, consumer preference, improved customer retention, and operational efficiencies, which all contribute to sustainable and resilient success.
ERP Supports ESG
To meet their ESG obligations, organisations need to collect, monitor, and report on ESG data. The right technology solution takes the pressure out of this process, reducing risk and ensuring cost-effective compliance. Acting as a central store for ESG data, cloud ERP provides an accurate, real-time view of metrics, with the automation and audit trails that are essential for ESG reporting.
Geared for Sustainability
NetSuite’s highly flexible data model and custom reporting capabilities give businesses an ESG edge. NetSuite cloud ERP is geared for the fluid nature of ESG legislation, offering scalability, data transparency, and analytics that help deliver ESG compliance requirements. With NetSuite, businesses have a future-proof, adaptable ERP system that delivers powerful financial and operational functionality alongside ESG reporting to drive sustainable success.
Proven ESG Progress
Telling a good sustainability story is easy. Backing it up with real numbers can be harder. With NetSuite, you can track and report on key data, metrics, and KPIs from across all areas of your business so customers, staff, investors, and other stakeholders can clearly see the positive impact your business is creating.
NetSuite helps us look at the number of products that we’ve sold on an item-by-item basis. And we can add that into our ESG calculators and then look at the impact in terms of carbon, plastic, and trees."
Chris Forbes, Co-Founder, The Cheeky Panda
See Why The Cheeky Panda Chose the World’s #1 Cloud Business Management Software Suite
Monitor, Scale, Adapt, Reinvent, and Grow With NetSuite: The Only ERP You’ll Ever Need
Why You’ll Love NetSuite:
- Gain instant visibility and control over your numbers.
- Automate everything from financials, to ERP, HR, inventory, planning, and budgeting.
- Collaborate across your organisation so you can make better decisions, faster.
- Scale with industry-leading software that will grow with you.
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