Berlin-based enterprise software development company, Daato, announces the launch of its holistic ESG management software, aiming to accelerate the imminent business transformation towards ESG compliance and sustainability. Penalties that can be up to 2% of the previous year’s global revenue, loss of investor support in voting rights and access to capital and reputational damage which can lead to loss of customers are just some of the key issues the launch aims to solve. Besides regulatory compliance, the platform also offers goal setting and tracking that would aid the executives in making pragmatic and well informed strategic decisions regarding their ESG investments.
Daato’s holistic approach allows for a smoother journey for customers, allowing the customer to have key aspects of ESG Management under the one umbrella. ESG management is not a one size fits all approach, as the frameworks that companies must comply with are continuously evolving. Daato also allows for great flexibility with customers not being forced into specific premade frameworks, instead having the freedom to tailor the frameworks to the needs of their business. The utilization of Daato’s modular approach, paired with the platform’s flexibility eases the ESG Management process as customers no longer have to search for new solutions when their needs evolve.
Environmental, Social, and Governance (ESG) issues have become a significant concern for executives and investors across the globe. Challenges posed by climate change and the consequent demand for sustainable development make ESG a key responsibility of today’s executives. Governments and legal authorities worldwide, including the European Union and US Securities & Exchange Commission, have prioritized ESG. In addition, there is increasing support from consumers for socially committed and environmentally friendly business approaches. In order to equip businesses to successfully overcome these challenges, Daato assists them with an operationally efficient, legally compliant, and strategically insightful ESG management solution.
Daato ensures that all the data is collected in a structured format from within or outside the organization. Although there are a number of regulatory standards that exist across the globe, Daato ensures that the data collected is automatically aggregated to the specific reporting framework that would otherwise be an expensive and error-prone manual process. In addition, the platform also ensures that the data output is in the specified format as required by different ESG regulations. The platform utilizes the same data, in combination with other data sources to generate powerful analytics. Such analytics aid decision makers in making decisions in a decisive yet effective manner. The privacy and confidentiality of enterprise business data are not compromised in the process of achieving ESG transparency.
In addition, key operational stakeholders such as the ESG managers, procurement managers dealing with sustainability can use Daato to model ESG impacted business scenarios for their executives and contribute to their strategic decision making. The process of collecting, aggregating, and reporting ESG data remains the same for all different regulatory frameworks which ensure simplified onboarding and training of enterprise users.
“Daato’s mission is to accelerate the enterprise ESG transformation. The flexibility of our platform allows us to extend and serve any business irrespective of its size, location, and industry it belongs to. We take a unique approach of supporting multiple aspects of ESG management including supply chain sustainability, sustainable finance, and general sustainability. We understand that businesses evolve - the openness in our software considers that and allows for an easy integration of other enterprise tools that simplify the overall ESG management. We’d like to see companies go beyond the regulatory compliance in terms of ESG and move towards keeping their business more sustainable”, says Satya Kamal Raparthi, Founder and CEO of Daato.
Daato is headquartered in Berlin, Germany, and was established in 2021. The company serves as a holistic ESG management platform for enterprises of all sizes. Daato is an ISO/IEC 27001:2013 certified organization. Daato's privacy-first software architecture allows organizations to have complete ownership of their ESG information besides facilitating stress-free information exchange without the compromise of exposing any competitive information. Daato’s solutions provide seamless collaboration between all stakeholders in generating compliant ESG reporting. We support all the standard ESG legislative frameworks within the EU and beyond. Daato's simple, easy-to-implement, widely open to integration, minimally administered yet enterprise-grade secure ESG solutions are aimed at solving the impending need of organizations to be ESG compliant.
Daato’s advisory board boasts industry veterans and ESG experts Ms Anahita Thoms, Dr Kiri Trier and Mr Markus Löning.
Name: Sunny Chowdhury
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