Pragma research reveals companies' position on ESG
No one in the built environment sector, or anysector for that matter, can deny that ESG (Environmental, Social and Governance) is a hot topic at the top of companies’ agendas. Investors now consider a company's record across ESG factors essential when making investment decisions where thefocus is no longer solely the commerciality of a business or scheme.
Yet with all the buzz around ESG, Pragma Consulting has found that many organisations face challenges in ESG reporting and face significant challenges in gathering the information they need when reporting on ESG performance.
To understand the challenges businesses face, Pragma has undertaken a unique piece of research. It surveyed 500 C-Suite execs and key decision makers to demonstrate a comprehensive understanding of the perceptions and challenges faced by business leaders regarding ESG reporting and tracking.
Respondents were spread across a wide range of sectors including IT, manufacturing, education, construction, retail, finance, hospitality and many more, across the globe.
This was to provide a balanced perspective to paint a full picture on ESG reporting. In summary, it was found that:
1. ESG is still not prioritised as highly as it should be with only 29% of respondents rating their ESG reporting as extremely effective
2. Many organisations face challenges in ESG reporting and only 30% of respondents are still only reporting on ESG either quarterly or annually
3. Organisations believe in the holistic benefits of ESG reporting. Integrating ESG within the business strategy was the number 1 reason that respondents gave when asked what would make their ESG reporting more effective.
4. ESG reporting boosts performance when tied to strategy, although there is still work to be done in terms of execution.
5. ESG reporting is seen as an all-round effective benchmarking tool, with 81% of respondents agreeing or strongly agreeing that “ESG reporting gives investors a picture of the company’s future performance”
To enable organisations to address these issues, Pragma has developed Pulse, a platform which tracks and utilises ESG data to improve commercial performance. Pulse collects data from commercial assets such as shopping centres, retail parks and mixed-use developments and creates intuitive dashboards and tracking tools, making it far easier to relay information to boards and team members.
Alex Avery, CEO of Pragma comments, “We are very excited to be bringing Pulse to the market, a platform that can effectively and efficiently track, assess, and present an assets’ ESG performance against its commercial viability. I believe it (Pulse) will be a gamechanger for all sectors as currently, ESG is measured in silos, not really adding much direction to business strategies. With Pulse, all factors are brought together in a visually appealing and user-friendly way.”
If you’d like to find out more about Pulse email us at info@pragmagroup.com