- link Copy Url - [ Share on twitter ](https://twitter.com/intent/tweet?text=The High Stakes of ESG: Why Consistent Data and Automation Are Key to ESG Transparency https://www.3blmedia.com/markdownify/node/346561?absolute=1&via=3blnews "link to 3 B L Media's Twitter") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/346561?absolute=1 "link to 3 B L Media's Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/346561?absolute=1 "link to 3 B L Media's Facebook") - [ email Share via email ](mailto:?subject=The High Stakes of ESG: Why Consistent Data and Automation Are Key to ESG Transparency &body=ESG News from Workiva https://www.3blmedia.com/markdownify/node/346561?absolute=1 "Share via email") [Responsible Business & Employee Engagement](/CSR-News/responsible-business-employee-engagement) # The High Stakes of ESG: Why Consistent Data and Automation Are Key to ESG Transparency Sep 21, 2021 12:05 PM ET ![](/sites/default/files/styles/carousel_2x/public/images/Companies_Digest.png) [Originally published on Companies Digest](https://companiesdigest.com/the-high-stakes-of-esg-why-consistent-data-and-automation-are-key-to-esg-transparency/) By [**Mandi McReynolds**](https://www.linkedin.com/in/mandimcreynolds/), Senior Director, Environment, Social, and Governance Workiva Corporate purpose has been redefined. Today broad sets of stakeholders–not just shareholders– hold companies accountable for their progress against ESG factors. Cost of capital, employee retention, shareholder trust, and customer loyalty all hang in the balance of ESG performance metrics – with stakeholders ready to question ESG disclosures if they are not backed up with robust evidence and reporting. To implement transparent ESG reporting which not only meets regulation but builds trust with stakeholders, finance and ESG departments will need to work hand-in-hand. While finance teams are familiar with handling structured and unstructured data to value and protect intangible assets, ESG standards are new territory. ESG leaders accustomed to these standards will need to work closely with finance to navigate gathering and validating ESG data from across the business. This partnership between finance and ESG departments is crucial if organisations are to achieve the transparent reporting required to foster trust with their stakeholders. Unfortunately, widespread “greenwashing” has resulted in scepticism and general distrust around how companies display their ESG credentials. According to a recent Workiva survey, 52% of UK investors find it difficult to trust a company’s actions and what they say, when it comes to the environment and society. Against this backdrop of mistrust, transparent and authentic ESG has become a business imperative. As a result, organisations are looking for ways to overcome challenges around the quality of data, particularly issues with version control, to ensure robust reporting. To achieve consistent and auditable data, they must focus on centralisation, collaboration, and automation. The digitisation of new online filing is secure and automated, revolutionising the reporting of ESG data. Companies can bid farewell to data that is scattered across multiple departments and siloes creating complicated reporting structures, by moving to a clearer, centralised ecosystem for online collaboration. [**Read the full article**](https://companiesdigest.com/the-high-stakes-of-esg-why-consistent-data-and-automation-are-key-to-esg-transparency/) [![](/sites/default/files/Clients/Workiva-Logo-Digital-Steel-Small.jpg)](/profiles/workiva) ### More from Workiva ###### [Unlocking Efficiency: How AI Shaped Workiva’s Sustainability Management ](/news/unlocking-efficiency-how-ai-shaped-workivas-sustainability-management) Aug 21, 2025 8:30 AM ET ###### [Workiva Named a Leader in Verdantix Green Quadrant for ESG & Sustainability Reporting Software ](/news/workiva-named-leader-verdantix-green-quadrant-esg-sustainability-reporting-software) Jul 9, 2025 9:15 AM ET ###### [Workiva Named a Leader in IDC MarketScape for ESG Reporting and Compliance Management Applications](/news/workiva-named-leader-idc-marketscape-esg-reporting-and-compliance-management-applications) Jun 2, 2025 12:40 PM ET ###### [Exclusive Workiva Report: CSRD Year One in Review](/news/exclusive-workiva-report-csrd-year-one-review) Apr 17, 2025 10:50 AM ET ###### [Workiva: What Businesses Need to Know About CSRD Omnibus Proposals](/news/workiva-what-businesses-need-know-about-csrd-omnibus-proposals) Apr 11, 2025 3:30 PM ET ###### [Report From UnDavos: How CSOs Can Redefine Corporate Responsibility](/news/report-undavos-how-csos-can-redefine-corporate-responsibility) Mar 14, 2025 1:30 PM ET ###### [Crocs' Sustainability Revolution: Innovating with Circularity](/news/crocs-sustainability-revolution-innovating-circularity) Mar 7, 2025 2:00 PM ET ###### [Creating Customer Value With a Sustainable Mindset: Dell Technologies](/news/creating-customer-value-sustainable-mindset-dell-technologies) Feb 28, 2025 9:00 AM ET