The News: ServiceNow announced a new Environmental, Social, Governance (ESG) Solution powered by the Now Platform with an aim to help companies work on ESG programs and initiatives across the enterprise. With the power of ServiceNow’s platform and partner ecosystem, organizations will be able to make a bigger impact on our world. Read the full press release here.
ServiceNow Announced New ESG Solution
Analyst Take: More companies today are making ESG programs a priority throughout their enterprise. From climate pledges to diversity initiatives, we are seeing enterprises make changes that will positively impact the world. And with good reason. Consumers are five times more likely to buy from and develop a loyal relationship with companies with an ESG purpose. That’s why this new solution is such an attractive offering for enterprise organizations.
Until now, enterprise organizations have largely had to cobble together disparate solutions to manage their ESG efforts. Individual efforts are easily managed with existing technology solutions, but entire programs have not been managed as easily. ServiceNow is joining a select group of companies like Salesforce, Honeywell, Google, and Microsoft that are building specific tools to meet an increasingly important need in the marketplace with this new solution.
Uniting ESG Initiatives Across the Organization
The solution provides the critical infrastructure to manage ESG strategies in one place, making it easier for organizations to scale programs for higher impact on the world. The solution includes:
- ServiceNow ESG Management and Reporting. Organizations will be able to define KPIs, track progress, and collect data aligned with ESG reporting frameworks. Having this information in one place will simplify the reporting process.
- ServiceNow Project and Portfolio Management. As organizations expand their ESG projects and initiatives, having a single location to manage the entire operation from budgeting and resources to reporting and results will make it easier to execute and drive programs forward.
- ServiceNow Integrated Risk Management. ESG programs have many different layers of policies and regulations that they must comply with. ServiceNow’s solution offers continuous risk monitoring and audit support ensuring organizations can navigate regulatory issues.
- Integrated Workflows. The great part about this new solution is it works with existing ServiceNow workflows that can help take it to the next level.
Looking Toward the Future
Organizations are stepping up to the plate to tackle ESG challenges, but they can’t do it alone. ServiceNow’s ESG solution will provide the operational support needed to expand programs and initiatives now and in the future. With low-code infrastructure, organizations will be able to easily build and deploy solutions that fit their unique needs. ServiceNow is making a statement for the future. Enterprises have a huge opportunity to make the changes that people want to see in the world and this platform will make that possible.
Good Equals Progress provides industry research and analysis on the topics of Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI). These columns are for educational purposes only and should not be considered in any way investment advice.
The original version of this article was first published on Futurum Research.
Image Credit: ServiceNow