Spreadsheets don’t cut it for tracking and reporting environmental data

Simon McCabe

What is it telling us when Microsoft, creator of the Excel spreadsheet, invests in a software solution to manage its environmental reporting requirements? According to Microsoft’s Chief Environmental Strategist, the solution “will enable us to efficiently collect, analyse and share environmental data, delivering new levels of understanding about the resources we use”. This is not a vote of no-confidence in the spreadsheet, but rather a good business decision to invest in fit for purpose solutions.

Environmental management has, for most businesses, been a sideline issue that has attracted only passing interest from management. As a consequence, investment in tools to manage environmental data has been limited. Organisations have either relied on clever staff to develop fancy spreadsheets with an array of formulas and links, or tried to use legacy systems designed for a different purpose. This may have done the trick in a light-handed legislative environment, but with carbon reporting now having monetary consequences in the form of a carbon price, business needs to give due attention to environmental software…. read the full article

ACSI ready to name and shame Half of listed companies provide no ESG disclosure

#suzbiz

Disclosure may be coming to a company near you soon!

By Tony Featherstone: The Investor Daily

More than half of Australia’s largest listed companies do not provide meaningful sustainability disclosure around environmental, social and governance risks.

The sustainability reporting debate has gone up several notches, with the Australian Council of Superannuation Investors (ACSI) warning it might publicly name listed companies that ignore calls from the investment community for better disclosure in this area.

ACSI, which represents about 40 industry funds with a total of more than $300 billion in funds under management, this month released its fifth annual analysis of sustainability reporting practices and disclosure of companies in the S&P/ASX 200 Index. Read the full storey here