Our managed solutions cover your entire ESG reporting process.
ESG reporting is a complex topic that starts with understanding what obligations you have to report and how you need to report. This may include regulatory-based reporting and internal and external stakeholder reporting.
Knowing what to report, to whom, how often and in what format are the simple building blocks of reporting. The challenge then becomes how to generate the data needed to complete the reports.
The regulatory reporting environment is significant and is going to be even harder going forward as more countries get onboard with requiring companies to report key metrics.
Stakeholder reporting refers to reports on key goals, objectives and metrics on key risk areas being presented to stakeholders. This may be in the form of board decks, slides, dashboards, podcasts, emails or webinars. Speeki is able to support all of your stakeholder reporting in all forms to all audiences.
Speeki conducts workshops to establish what reporting needs to be done at a regulatory and stakeholder level and maps out a reporting deliverable.
Knowing where we need to go and what we need to achieve, our next stage is designing what reports might look like and starting to decide how to build the systems to gather the right data for the reports.
This stage builds programmes to gather the data and then starts to identify key technology to automate reporting and dashboards and starts to build reports for distribution.
Andrew has been a thought leader and compliance technologist for the last 15 years. He has a strong ability in identifying, documenting and supporting processes and systems required to operate any outsourcing or managed services solutions. Andrew leads the development of our managed solutions on ESG.
The Engage framework combined with the ease of use of Speeki to build your programmes will be highly recommended and in some cases mandatory for us to manage a ESG reporting project. The software costs can be blended into an overall fee if clients prefer to have simple quarterly billing.
Speeki engages on an annual fee basis for almost all of our projects. After our initial workshops, which are more project-based, our projects for ESG reporting are annual and, in most cases fixed price, billed quarterly in advance. There is a large upfront cost in designing and building ESG reporting.
There is quite a bit of work to do in the early phases of a reporting project. These phases might involve our scoping exercises, looking at current requirements and some design and mapping for a timeline. These are charged at a project fee basis before clients decide whether to proceed with engaging Speeki for an annual contract.
Things are changing in the ESG reporting area very quickly both on the regulatory side and also the stakeholder side with expectations changing. That is why each quarter we do an analysis with clients to pause and reflect on the current engagement and decide whether it needs to be upgraded or changed as the needs change.
Some clients have workshops on-site to maximise executive time and reach decisions faster. Travel costs are extra in these circumstances. Additional costs may also include any design fee from designers to design reports. We can work with our own designers or with the client in-house or external designers as needed.
In the early days of ESG reporting, it is safe to say that not all reporting will become automated. This very much depends on the technology available, your dataset, and how advanced you are in managing programs. You should certainly assume that most will be hybrid and may develop over time to be more automated.