ServiceNow introduces new integrated ESG solution

“We welcome that ServiceNow is currently in the process of GRI software and tools certification”

Today’s ESG efforts are often ad hoc, silent and manual. Currently available technical products support discrete, disconnected ESG efforts, exacerbating the problem. At the same time, global ESG regulations are evolving rapidly: there have been more than 170 ESG proposed regulatory measures since 2018, and 82 percent of investors believe that companies are unwilling to comply with ESG reporting rules. . To support new and existing proposed regulatory requirements for companies to link their ESG products and operating systems and enhance their ESG efforts, meet their ESG goals and support stakeholders’ growing expectations for greater levels of transparency and disclosure. should be able to. ServiceNow’s ESG solution helps companies meet these objectives by leveraging the single data model and single architecture of the Now platform.

“ESG is a top issue for the C-Suite today. Leaders need to plan, manage, govern and report on their companies’ investments towards a more sustainable, equitable and ethical world,” said Gina Mastantuono, Chief Financial Officer of SewaNow. Better ways to do it are needed.” With the power of the NOW platform, ServiceNow is well suited as a strategic ESG platform partner for business, ultimately leading ESG initiatives to drive positive, sustainable change globally to leaders Helps us gain operational control over the growing numbers.”

“For ESG initiatives to be effective, companies must be fully informed about their ESG efforts and performance to know how they are tracking toward their goals,” said Kim Nickel, research director at Verdentix. “We hope that Service Now’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 increase impact and build greater customer, investor and employee trust. Organizations can turn ESG goals into meaningful impact and create long-term value by innovating processes and delivering lasting results.

Providing an integrated solution to enable ESG across the enterprise

Leveraging the power of the Now platform, ServiceNow’s new ESG solution provides visibility and transparency in their ESG programs and initiatives to help companies turn their ESG goals into reality and help them strategize, manage, governance and report To serves as an operational control tower. Key components of ServiceNow’s integrated solutions on one platform include these efforts:

• *NEW* ServiceNow ESG Management and Reporting Enables companies to document physical topics, establish goals and KPIs, track performance, collect and validate audit-ready data, and create disclosures that align with key ESG reporting frameworks.
• ServiceNow Project and Portfolio Management Helps create and maintain a company’s ESG roadmap, which includes strategy, planning and budgeting tools and ongoing tracking of costs, resources and results. Companies gain visibility into their ESG investments and improve the scale and impact of their ESG efforts.
• ServiceNow Integrated Risk Management Offers core governance capabilities and advanced risk assessment, continuous monitoring, AI, audits, privacy, automation, and more. It integrates ESG ideas and data with ESG compliance and risk as well as rich analysis in effective enterprise-wide risk and compliance management that improves decision making and business performance.

These products seamlessly combine to generate even greater enterprise-wide ESG value and impact with Service Now’s low-code tools and solutions such as Business Continuity Management, Vendor Risk Management, Security Operations, Hardware Asset Management, and HR Service Delivery. work.

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Collaborating with the ServiceNow ecosystem to solve new and existing ESG challenges

The ecosystem of ServiceNow partners, developers, customers and other third parties will act as a force multiplier for the ServiceNow ESG solution. Today ServiceNow also announced an expanded alliance with KPMG, where KPMG will serve as the lead launch partner for ServiceNow’s ESG solutions. The two companies will work together to enable ESG across the enterprise for their joint customers, while also building new ESG workflows on the Now platform to further enhance the solution’s capabilities.

Through its developer program, ServiceNow is mobilizing ISVs as well as other third parties and customers to create specialized ESG workflows that meet the specific needs of different industries and geographies, addressing specific content issues. and extends ESG initiatives beyond the enterprise. the supply chain. for example:

• ecovadis Provides a sustainability rating platform to assess environmental, social and ethical practices. By integrating EcoVadis with the ServiceNow vendor risk management product, we can help customers consider third party sustainability performance alongside other types of risks – providing a comprehensive view of third party risk.
• watershed Enables companies to measure, reduce, remove and report their carbon emissions. Major companies—including Service Now, Airbnb, DoorDash, Stripe, Shopify and SweetGreen—are using the watershed on their way to achieve zero carbon. By integrating with ServiceNow ESG management and reporting, companies can integrate their climate work into their overall ESG program, importing carbon metrics from the watershed into ServiceNow.
• reporting standards body ESG has partnered with ServiceNow to integrate their standards into the management and reporting product. For example, ServiceNow has already licensed the Value Reporting Foundation’s SASB standards. And ServiceNow is currently in the process of requesting authorization to use Global Reporting Initiative (GRI) standard content in its ESG management and reporting solutions before the end of the year. These product capabilities enable companies to produce reporting and disclosures that align with some of the most commonly used reporting standards.

Third Party Comments on ServiceNow’s ESG Solutions:

ecovadis

“Most leaders now realize that 80% of sustainability impacts are in the supply base, and thus companies need to increase their visibility beyond the walls of the enterprise and across their value chain,” said David McClintock, marketing director at Ecovadis. “Working closely with ServiceNow, we are building a powerful new integration that allows ServiceNow customers to incorporate supplier ratings, insights and benchmarks into their sustainable buying and risk management initiatives, leading to better business decisions. Helps to pick up.”

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“We welcome that Service Now is currently in the process of GRI software and tools certification,” said Mirjam Groten, GRI’s Chief Business Development Officer. “They will soon be authorized to use GRI standard materials in their new ESG solutions to help businesses, governments and other organizations understand and communicate their sustainability impacts on the economy, environment and society.”

NHS National Services Scotland

“Working with Service Now, we were able to build and produce a dynamic, integrated workflow within a six-week period that manages our national immunization program, which has helped 2.5 million of our highest-risk citizens has helped protect,” said Steven Flockhart, director. Cloud Engineering and Operations, NHS National Services Scotland (NSS). “We look forward to leveraging the potential of ServiceNow’s new ESG solutions to drive quick and impactful results so that society can become a better place for all.”

watershed

“We are working closely with Service Now as they aim to achieve net zero carbon across the entire value chain by 2030,” said Watershed co-founder Taylor Francis. “Now, with our partnership with Service Now and integration with ESG Management and Reporting, we will be able to help others follow a similar path. It is time to move from talk to action. We working together to help companies go beyond just measuring their carbon graphs to truly zero in on them.”

value reporting foundation

“At the Value Reporting Foundation (VRF), we connect businesses and investors with the financial implications of sustainability,” said Ryan Suen, SASB Standards Integration Manager for VRF. “We are working together to leverage the power of ServiceNow’s platform to help companies provide decision-relevant information to their investors.”

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