FigBytes Receives High Scores in ESG Reporting

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by KnowESG
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FigBytes has been recognised as a leading ESG (environmental, social, and governance) platform for strategy, data, reporting, and stakeholder engagement by independent research and consulting firm Verdantix. The inclusion in Verdantix's 2023 Smart Innovators: ESG Reporting and Data Management Software report further confirms FigBytes' position as a provider of innovative solutions for ESG reporting and data management.

The Verdantix report is a complete guide for buyers who want to find solutions for ESG reporting and data management. After evaluating 450 vendors, the team at Verdantix narrowed down the list to 39 vendors, providing a fact-based comparison of their capabilities.

This report serves as a benchmark for the capabilities of the different vendors and helps buyers make informed decisions about which software to purchase for their ESG reporting needs.

Verdantix, a research firm, has rated FigBytes as having a strong presence in the Reporting and Disclosures and Data Management and Analysis categories. FigBytes received the highest possible scores in the features of voluntary frameworks and workflows and auditability in the Reporting and Disclosures category. In the Data Management and Analysis category, FigBytes was noted for its market-leading engagement tools and second highest scores in data acquisition and tagging, performance management, and data quality enhancement.

“ESG reporting has become a top priority for many firms due to shifts in regulation and increased pressure from stakeholders,” said Jessica Pransky, Principal Analyst, Verdantix. "Organisations require assistance with ESG and sustainability reporting, as well as management of the underlying data required for reporting. Heads of ESG and sustainability will find this report to help inform their software purchasing decisions for 2023.”

“The ESG and sustainability reporting landscape is shifting rapidly, and Verdantix continues to keep organisations well informed of changing disclosure regulation, voluntary frameworks, data management requirements, best practices, as well as solutions to consider,” said Ted Dhillon, CEO and co-founder, FigBytes. "Similarly, we continue to invest in our platform, expanding core functionality and developing innovative features to ensure our customers can manage these evolving challenges related to carbon and water, as well as social programmes like diversity, equity, and inclusion (DEI) and philanthropy, all while reducing their reporting burden and regulatory risk and meeting these emerging disclosure requirements."

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Source: FigBytes


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