Ensure a Full Audit Trail for your ESG Reporting Metrics

‍Welcome to ESG Flo, the compliance platform at the forefront of sustainability data management. Our AI-powered platform is designed to simplify and streamline the process of data collection for ESG reporting purposes. This includes facilitating our clients' compliance with CSRD and SEC regulations. This blog post serves to introduce our traceability feature, which helps address difficulties found in calculating and processing data for sustainability purposes - a challenge that many organizations and their auditors encounter.

The problem

External assurance, required by many sustainability standards, is fairly new and organizations often encounter difficulties during the audit process. Through the implementation of our traceability feature, organizations are equipped to address these difficulties effectively. Some of the issues typically encountered involve auditor difficulties in understanding and verifying the many external assumptions utilized to calculate GHG emissions - especially when conducting re-calculation.

Additionally, internal and external auditors are often inexperienced with calculating GHG emissions, which frequently causes lost time between the back-and-forth of getting additional clarification on how values are calculated. Our traceability feature streamlines and facilitates both the calculation of GHG emissions, and the verification of the needed assumptions.

Feature overview

‍To discover our traceability tool, navigate to our Documents - Upload page on our platform. For every normalization and conversion done on our platform, there is a tooltip that shows the exact assumptions utilized.

What’s more, there is a separate References section of the platform that shows all the conversions used for Emissions Factors, Currency, and Scientific Units in a single location.

Where this functionality shines

For audit purposes, the traceability feature ensures that every calculation can be re-conducted and verified. This offers a foundational element for maintaining transparency and accuracy during audits. Internally, the traceability feature serves as a valuable tool for team members to learn and comprehend the intricacies of ESG reporting, as it provides clarity on how data is processed and reported.

Customer testimonials

Our customers have vocalized their support and enthusiasm for our traceability feature, calling it a "game-changer, offering a transparent view of ESG reporting processes." User feedback highlights the real and varied benefits of this tool, helping companies comply to sustainability standards and regulations.

Conclusion

‍ESG Flo is committed to supporting companies in the audit process. Through our monthly Audit Councils, ESG Flo understands both what clients and auditors need. Our traceability feature aims to free up the time spent on going through both internal processes and audit, so that companies can work on initiatives that drive their passion.

About ESG Flo

ESG Flo is the AI-powered platform for accurate, complete, and auditable data. It simplifies compliant reporting, third-party verification, and responsible decision-making.