Rapidly increasing energy consumption in data centres has attracted attention from media, investors and consumers.
National and international data privacy laws are increasingly complex and tech firms must now be leaders in policy & governance.
Technology firms are at the forefront of globalisation and digital transformation. Their ESG performance must reflect this.
As the technology industry continues to drive globalisation and digital transformation, it’s becoming more and more important for technology firms to proactively manage their ESG initiatives. Evidencing a company’s long-term sustainability and ethical standing are essential to securing investors, winning customers and complying with global regulation.
To address the resource burden and additional cost of required ESG reporting and compliance, KEY ESG built our Company Platform for technology companies. Our cloud-native platform uses the latest data conversion calculations to improve the accuracy of ESG data and automates manual data processes wherever possible. We empower technology companies to communicate their performance and improvement plans more regularly and proactively with our exportable data visualisation reporting capabilities.
Technology companies hold a significant amount of user data, making data privacy a top concern. KEY ESG’s software ensures you have a demonstrable process in place to manage the privacy regulations relevant for your firm and supply chain.
Technology companies hold a significant amount of user data, making data privacy a top concern. KEY ESG’s software ensures you have a demonstrable process in place to manage the privacy regulations relevant for your firm and supply chain.
Our software simplifies governance compliance with an intuitive dashboard that tracks changes in legislation in real-time. It also provides data-driven insights to ensure your internal policies align with best practices and shareholder expectations.
Whether you're a hardware manufacturer concerned about the environmental impact of your supply chain, a software provider trying to adhere to data security protocols, or a social media platform facing content moderation dilemmas, our ESG software is designed with the specific challenges of the technology sector in mind.
“KEY ESG enabled our team to produce our first ESG report within one month. Their software enabled our team to quickly cover the ESG basics and contextualize our ESG performance for internal management as well as external stakeholder communication purposes.”
"Our portfolio companies love how easy to use the platform is and have already mentioned they want to use it for their own internal ESG processes."
KEY ESG keeps track of global ESG regulatory developments. We have incorporated major ESG regulations such as the SFDR, CSRD, SEC and SRD in our reporting software tool and help our users measure and report metrics they need to disclose to regulators. Our users can rest assured that we update these metrics as new regulatory requirements or changes to existing requirements are announced.
Double materiality means that companies are required to assess and disclose information about the environmental, social, and governance (ESG) factors that can affect the company (internal impacts) as well as the ESG factors that the company, through its activities, products, and services, affects externally (external impacts).
The aim of the Corporate Sustainability Reporting Directive (CSRD) is to enhance the transparency, consistency, and comparability of sustainability reporting by certain companies in the European Union. The CSRD builds upon the existing Non-Financial Reporting Directive (NFRD) and seeks to address its limitations by introducing more robust and standardized reporting requirements.
The Corporate Sustainability Reporting Directive (CSRD) is an updated and expanded version of the existing Non-Financial Reporting Directive (NFRD). The CSRD is an EU legislative initiative that aims to enhance the transparency and comparability of sustainability reporting by companies in the region.
The short answer is yes, KEY ESG software follows cybersecurity best practices to keep your data secured. KEY ESG uses encryption at multiple layers in the platform, we leverage managed services which provide high levels of security using their default security controls. Traffic in-transit is secured with HTTPS. Requests are encrypted between the customer and an application load balancer, which will decrypt the request and forward it onto our application servers which are hosted in a private virtual cloud network in AWS.
In-transit traffic between our application servers and Azure is secured with SSL/TLS and the data itself is encrypted at-rest which also includes backups and temporary files created when running queries.
ESG matters are relevant to all industries. Each company, regardless of its type of operations or end-product or services, through its way of doing business will have an impact on ESG. A case in point is that government announced climate-related disclosures will be applied across all industries equally. To account for inherent differences in the expected ESG outcomes by industry, KEY ESG provides industry-specific benchmarks to ensure your company is compared in an apples-to-apples fashion.
The answer is – it depends! KEY ESG supports companies across all stages of the ESG journey, from those who are currently unsure as to what ESG means to them, to those who already have internal ESG management processes in place.
If processes are already in place, we can complete our assessment in as little as two hours. If you are new to ESG, our software user experience is designed to make managing ESG as intuitive as possible. We’ve done the heavy lifting for you, and our software will save you significant time by navigating the myriad of ESG frameworks that are currently available for you.
KEY ESG's software provides a holistic solution for sustainability management, helping companies measure and manage their ESG metrics, manage risk, and communicate their sustainability performance data to stakeholders. Our ESG reporting software also offers real-time updates, data interpretation and visualisation, and ready-to-go reports to help companies understand their sustainability performance and make informed decisions.
Listed companies: CSRD will apply to companies which meet any of these criteria:
Large private companies: CSRD will also apply to companies which meet two of the following three criteria: