11 June 2024, India — Experion Technologies, a global leader in product engineering services and digital transformation with over 17 years of industry experience, proudly announces a partnership with ESG Playbook, a leading player in ESG reporting with the most comprehensive platform in the industry. Recognizing the escalating significance of Environmental, Social, and Governance (ESG) reporting, this collaboration aims to provide comprehensive and cutting-edge solutions to address the evolving landscape of sustainability, risk management, and regulatory compliance.
ESG reporting on a global scale is crucial, with over 95% of the world’s largest companies now publishing sustainability reports. This trend reflects a growing recognition of the financial impact of environmental, social, and governance factors, influencing investment decisions and corporate compliance toward more sustainable practices. According to a report by Morgan Stanley, in the first half of 2023 alone, sustainable funds attracted cumulative inflows of $57 billion, with almost all flows in Europe. That brought assets under management to more than $3.1 trillion—or almost 8% of total global AUM—by the end of June 2023.
In this strategic partnership, Experion Technologies will leverage its product engineering expertise, consulting services, integration, testing, and UI/UX capabilities to assist enterprises in navigating the complexities of ESG reporting. As a trusted partner to over 500 global customers across 37 countries, Experion remains committed to driving meaningful value, innovation, and shared success through digitally driven programs. This partnership between Experion Technologies and ESG Playbook not only streamlines ESG reporting but also ensures businesses stay ahead in embracing sustainability. By marrying their product engineering strengths with a comprehensive platform, Experion is simplifying the path for companies to demonstrate their commitment to responsible and ethical practices, fostering a positive impact on both the environment and their bottom line.
“ESG Playbook is the most comprehensive reporting platform currently in the market as an end-to-end platform, where teams can collaborate by streamlining the data collection and reporting of global regulations. The platform collects data through APIs or other traditional forms of interfaces to report on all three areas as prescribed by regulators. In addition to having engineered the product for ESG Playbook, Experion offers the ability to bring Big Data onto the platform and incorporate AI to facilitate ESG compliance and reporting seamlessly,” said Binu Jacob, MD & CEO, Experion Technologies.
“We are delighted to embark on this strategic partnership with Experion Technologies – their in-depth product engineering knowledge, coupled with a profound understanding of our product’s functionalities, provides us with a distinctive edge in implementing solutions for our customers, bolstering our confidence in this collaboration. Furthermore, Experion’s recent investments in skilled professionals within this domain solidify them as the ideal partner for us and a premier service provider for our valued customers,” said Sonia Zugel, CEO and Founder of ESG Playbook.
Stringent regulatory frameworks like the EU Taxonomy Regulation and the Non-Financial Reporting Directive in Europe accentuate the criticality of ESG reporting. A recent study by McKinsey revealed that about 85 percent of the chief investment officers they surveyed stated that ESG was an important factor in their investment decisions, showcasing the integral role of ESG factors in the decision-making process. Additionally, a study by MSCI underscores the positive correlation between high ESG ratings and lower credit risk, emphasizing the pivotal role of ESG in financial performance.
Financial services, consistently ranking in the top 2 spots for reporting on carbon footprint, face increasing pressure to improve reporting year-on-year, particularly for wealth and investment managers. Banks, reliant on good ESG ratings, find these crucial for attracting investments in an environment where over 80% of the world’s largest companies report on their ESG performance. ESG Playbook serves as a cornerstone solution, especially in the Banking and Financial Services sector, enabling clients to navigate the intricate web of global regulatory frameworks with unparalleled ease. By leveraging this platform, clients effortlessly uphold stringent compliance mandates, ensuring adherence to regulatory standards across diverse jurisdictions.
ESG Playbook stands as the most complete reporting solution across the Environmental, Social, and Governance pillars. The platform addresses the three pillars of reporting, including emissions from core business activities, indirect emissions, and those arising from energy and resource usage. A pain point of ESG reporting is understanding where the data is located, who is responsible for the data, and connecting systems to automate real-time reporting. Covering a spectrum of parameters within each pillar, ESG Playbook facilitates a holistic approach to ESG reporting, aligning institutions with global standards.
ESG Playbook revolutionizes sustainability reporting by seamlessly automating Data Collection, ensuring Data Consistency, and precise Calculation according to a spectrum of stringent regulatory standards such as TCFD, PCAF, GHG & CO2, NGFS, PRI, GRI, SASB, EU Taxonomy, CSRD, Net Zero Goals, and Bond Mapping. This sophisticated platform harmonizes data from diverse sources into bespoke reports tailored to specific needs, whether on a monthly, yearly, or granular basis, encompassing location, entity, or asset class parameters. Moreover, it offers a robust Audit Trail, instilling confidence in data integrity.
Central to its appeal is ESG Playbook’s unparalleled flexibility, empowering users to effortlessly maintain regulatory compliance across a myriad of standards, thereby facilitating seamless alignment with their respective national net zero agendas. By streamlining reporting processes, organizations can readily bolster their sustainability initiatives, making substantial contributions towards global sustainability objectives.
