In recent years, sustainability has become a strategic topic for companies. The IT market has catered to this trend. As a result, software companies now offer a wide range of sustainability reporting tools. New players have entered the market and various suppliers of ERP packages offer new add-ons and tools for sustainability reporting.
KPMG carried out a review of the key characteristics of a wide range of various reporting options and methods available, and how they respond to the latest developments in the sustainability landscape.
This market review provides an overview of the key characteristics of sustainability reporting systems. In July 2011 we sent out an questionnaire by email. We received feedback on our questionnaire from 17 software vendors. The questionnaire was based on the GRI reporting set and provides an overview of the basic requirements for the sustainability reporting process.
Igor Korotetskiy, Head of Corporate Governance & Sustainability, KPMG in Russia and the CIS, remarked, "Although Russian companies in terms of KPMG maturity model for sustainability reporting systems are basically at a very early stage of development, we believe that this study will undoubtedly be of use to them. Performance management in sustainable development is without exception becoming increasingly vital across all sectors, and of particular importance is the quality of the reporting system that provides the sustainability data. This study represents an excellent opportunity for a company to shape its vision with respect to its reporting system, based on a thorough and independent analysis."
Key findings of the characteristics in this market review are: