INTELLIGENT BRANDS // Green Technology
ServiceNow introduces new integrated ESG solution to drive greater impact
ServiceNow , a leading digital workflow company , has announced a new , integrated ESG solution powered by the Now Platform that helps companies activate ESG ( environmental , social and governance ) strategies , programs and initiatives – from enhancing diversity and inclusion and reducing carbon emissions to enabling business resilience – across the enterprise .
ServiceNow ’ s ESG solution combines the power of the Now Platform , new and existing products , and ServiceNow ’ s partner ecosystem to help organizations plan , manage , govern and report on their ESG programs and initiatives to drive greater environmental , social , and business impact .
Companies are increasingly prioritizing ESG initiatives to help contribute to a more sustainable , equitable and ethical world , build customer and stakeholder trust , and deliver successful business outcomes .
According to recent studies , 88 % of investors agree companies that prioritize ESG initiatives represent better opportunities for long-term returns than companies that do not , and global consumers are nearly five times more likely to trust , buy , champion and protect companies with a strong ESG purpose .
Today ’ s ESG efforts are often ad hoc , siloed and manual . The technology products currently available support discrete , disconnected ESG efforts , compounding the problem .
At the same time , global ESG regulations continue to rapidly evolve : more than 170 ESG proposed regulatory measures have emerged since 2018 , and 82 % of investors believe companies are not prepared to comply with ESG reporting regulations .
Companies must be able to connect their disparate ESG products and operational systems and support new and existing proposed regulatory requirements to scale their ESG efforts , meet their ESG goals , and support increasing stakeholder expectations for greater levels of transparency and disclosure .
ServiceNow ’ s ESG solution , leveraging the single data model and single architecture of the Now Platform , helps companies accomplish these objectives .
“ ESG is a top issue for the C-suite today . Leaders need better ways to plan , manage , govern and report on their companies ’ investments toward a more sustainable , equitable and ethical world ,” said Gina Mastantuono , ServiceNow Chief Financial Officer . “ With the power of the Now Platform , ServiceNow is well-suited as the strategic
ESG platform partner for business , ultimately helping leaders gain operational control over their growing number of ESG initiatives to drive positive , lasting change globally .”
Kim Knickle , Research Director at Verdantix . said : “ In order for ESG initiatives to be effective , companies must-have a complete view of their ESG efforts and performance to know how they are tracking towards their goals .
“ We expect ServiceNow ’ s new ESG solution will leverage the company ’ s existing platform to better enable this visibility .”
With its latest integrated ESG solution , ServiceNow is taking a holistic approach to help organizations drive impact and build greater customer , investor and employee trust . Organizations can convert ESG goals into meaningful impact and create long-term value by innovating processes and delivering sustainable outcomes . p
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