The integrated environmental, social and governance (ESG) solution bundles the performance of the Service Now platform with the strength of new and existing products and partner ecosystems.
Frankfurt, October 14, 2021 – service now (NYSE: NOW), the leading digital workflow company, launched a new, integrated environmental, social and governance (ESG) solution. It is based on the Now platform and will support companies in implementing their strategies, programs and initiatives for environmental, social affairs and corporate governance (ESG) – from promoting diversity and inclusion to reducing CO2 emissions and business resilience. until strengthened. KPMG will act as the leading launch partner for the new solution.
Companies are prioritizing ESG initiatives as a way to contribute to a more sustainable, fair and more ethically responsible world, build customer and stakeholder trust, and drive positive business outcomes. Recent research shows that 88% of investors believe that companies adopting ESG initiatives have better long-term returns opportunities than companies that do not. In addition, consumers are nearly five times more likely to trust, buy, support and protect companies with a strong ESG focus.
Environmental, social and corporate governance initiatives these days are often ad hoc, isolated and manual. Currently available IT solutions support disjointed ESG efforts, which makes the problem worse. At the same time, global ESG regulations are evolving rapidly: since 2018, more than 170 ESG proposals have been submitted for regulatory measures, and 82 percent of investors believe companies to comply with ESG regulations. are not ready.
Companies should be able to connect their various ESG products and operating systems. This needs to support new as well as existing regulatory requirements to accelerate their ESG efforts, achieve their goals and meet the increasing expectations of stakeholders for greater transparency and disclosure. ServiceNow’s ESG solution, which is based on a unified data model and the typical architecture of the Now platform, helps companies achieve these goals.
“ESG is a hot topic in the boardroom today. Executives need better ways to plan, manage, control and evaluate their investments in a more sustainable, fair and more ethically responsible world,” explains Gina Mastantuono, Chief Financial Officer on ServiceNow. “With the power of the NOW platform, ServiceNow is ideally suited as a strategic ESG platform partner for companies to help executives gain operational control over a growing number of ESG initiatives and thereby create a positive impact on a global basis. to bring about lasting change.”
“For ESG initiatives to be effective, it is essential for companies to have a complete overview of actions and results. Because they need to know how to achieve their goals”, therefore Kim Nickel, Director of Research BI Verdentix. “Service Now’s new ESG solution will improve this much-needed transparency.”
With its new integrated solution, ServiceNow is taking a holistic approach and helping companies increase their impact and build more trust among customers, investors and employees. Companies can turn ESG goals into meaningful programs and create long-term value by optimizing processes and delivering lasting results.
Introducing a complete solution for enabling ESG across the company
ServiceNow’s ESG solution leverages the power of the Now Platform and supports the implementation of company-wide ESG goals. It provides transparency about programs and initiatives and helps in strategic planning, management, control and evaluation of all activities at a single platform. Key components of ServiceNow’s integrated solution include:
- *NEU* ServiceNow ESG Management and Reporting Enables the collection, verification and disclosure of audit-proof data along with documentation of critical topics, definition of key figures.
- ServiceNow Project & Portfolio Management Helps create and maintain a company’s ESG roadmap, which includes strategy, planning and budgeting tools, as well as ongoing tracking of costs, resources and results. Companies gain insight into their ESG investments and improve the efficiency and effectiveness of their initiatives.
- ServiceNow Integrated Risk Management Along with central governance functions, it offers advanced risk assessment, continuous monitoring, AI, audits, data protection, automation and more. It integrates ESG projects and data into effective company-wide risk and compliance management with a real-time view of ESG compliance and risks. Comprehensive analysis is also possible for better decision making.
These products work seamlessly with low-code-tools and solutions from ServiceNow like business continuity managementhandjob vendor risk managementhandjob security operationhandjob hardware asset management And HR Service Delivery Together to achieve even greater enterprise-wide ESG value and impact.
Collaboration with the ServiceNow ecosystem to solve new and existing ESG challenges
The ServiceNow ecosystem of partners, developers, customers and other third-party providers will act as a multiplier for the ServiceNow ESG solution. ServiceNow also has an extended Alliance with KPMG declared. KPMG will act as the lead launch partner for the new ServiceNow solution. The two companies will work together to enable ESG across the company for their mutual customers, as well as develop new ESG workflows on the Now platform to further expand the capabilities of the solution.
Through its developer program, ServiceNow mobilizes ISVs, as well as other third-party vendors and customers, to create unique ESG workflows that meet the specific needs of different industries and sectors, addressing specific content issues. and takes the ESG initiative beyond enterprise. the supply chain.
Availability and additional information
– More information available about the new ESG solution Here.
– ESG management and reporting will be generally available from 18 November. https://www.servicenow.com/products/esg-management.html . Learn more on
– discovers them Here More about ServiceNow’s expanded alliance with KPMG
use of forwardIlooking at the statement
This press release contains “further”Ilooking at the statement“ About expectations, beliefs, plans, intentions and strategies relating to ServiceNow‘Integrated ESG solutions and related products. so onILooking statements include details about future product capabilities and offerings and expected benefits to ServiceNow. aheadIThe forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied.ILooking at the statement. If any such risk or uncertainty occurs or if any assumptions prove to be false, our results could be materially different from the results expressed or implied by Forward.IThe statement we are seeing. We do not undertake, nor intend to undertake, any obligation to update the forwardILooking at the statement. Factors that could cause actual results to differ materially from any forward-looking statementsIThe forward-looking statements include, without limitation, (i) changes in the ESG regulatory landscape; and (ii) unforeseen delays, difficulties and costs in providing an ESG solution or implementing this strategy. Further information about factors that could affect our financial and other results is included in the filings we have with the Securities and Exchange Commission from time to time.
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