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Simplify ESG data management and reporting: Notified and Nasdaq OneReport


By Sylvie Harton, Senior Vice President and Global Head of Strategy, Public Relations and Investor Relations Solutions at Notified

Environment, social and governance (ESG) have become central to corporate strategy as investors, employees, customers and communities want to know what companies are doing to positively impact the world , such as reducing carbon footprint, providing safe and healthy workplaces, and having diverse management teams and boards. Stakeholders are increasingly making it clear that they expect companies to take a proactive approach to ESG policies and messaging.

To help our clients simplify the management and reporting of their ESG data, Notified has expanded its strategic partnership with Nasdaq to offer Nasdaq OneReport, a web-based ESG software that helps companies navigate the alphabet soup of ratings, executives , ESG surveys and questionnaires.

I recently sat down with Randall Hopkins, Vice President and Head of Nasdaq OneReport, to talk about the challenges and opportunities for companies with their ESG reporting, the Notified-Nasdaq partnership, and the strategic value of OneReport.

Here are the highlights of our conversation, which have been lightly edited for clarity. You can also watch the full interview below.

What is the Nasdaq OneReport? What problems does it solve and what value does it bring?

OneReport brings efficiency and simplicity to the ESG reporting process. It centralizes ESG data so that everyone in a company can collect, track, manage, approve and report ESG data to different audiences, including ESG assessors. No matter where you are in your ESG journey (new or veteran), whether you’re a public or private company, or the size of your company, OneReport provides a simple solution to centralize ESG data and collaborate across your organization – from trainee following C.

OneReport helps address the challenges companies face in managing and disclosing ESG data.

It helps create some order out of chaos, and there’s plenty of that in the ESG data space.

We start by organizing and deduplicating all the questions, metrics and frameworks – the things that are asked of companies in their ESG space. After you’ve done that organization, it’s about setting up workflow tools for a business so they can get the subject matter experts working on their topics and then having those data points delivered and approved for distribution.

It’s also important to manage risk by making sure the right hand knows what the left hand has done, and making sure all company communicators are on exactly the same page about the broadcast. of this information.

Ultimately, it comes down to having the time to be more strategic when it comes to communication. Obviously, there are better results from a financial point of view if it is the cost of capital. There are better outcomes when it comes to the environment and other organizational postures around these things, and if we can reduce friction in the system, that’s a big win for business to be able to do that job well. .

Many companies do not have good guidelines or a good process in place for ESG reporting. How does OneReport help solve this problem?

Most of our conversations reveal that companies are trying to solve this problem with standard office software and email. Although it is an emerging space, it is still a space that has a big tax that imposes on our businesses in the United States, Europe and Asia. One of the things that we have recognized, having done this for a few decades now, is that there is a tremendous amount of nuance and complexity in managing and reporting ESG data. Companies that lack proper software simply magnify this tax. As communicators, we all know that resources, time, energy and money devoted to these things are limited. But if we let that go and that tax keeps going up, we won’t be able to achieve many of the great things that we want as businesses.

We acquired OneReport in 2020, but it pre-dated Nasdaq for 15 years. The relationship Nasdaq OneReport has with ESG assessors and graders indicates how we can help companies understand the ecosystem and environment where many of their stakeholders live and what is important to them.

Our client success team has a background in ESG, sustainability and communications to help our clients understand where the opportunities and challenges might be for them.

The other thing that’s particularly unique to the Nasdaq, of course, is our role in the regulatory function. And if you think about ESG in the United States, where we anticipate greater involvement of the SEC in terms of disclosure, it’s an important role that we play at the intersection of companies, regulatory agencies, investors and other stakeholders. We are uniquely positioned to be able to provide information to businesses to help them on their journey.

What’s synergistic about the Notified/Nasdaq OneReport partnership, and what are the benefits for customers?

OneReport is designed to create efficiencies around the process of collecting and managing ESG data. The number of people involved in this work and the number of stakeholders within communications organizations in general has grown over the years. What’s really exciting and transformative here is that our efficiency mandate within OneReport can really be amplified and extended with Notified through your integrated communications platform.

Notified makes it easy for businesses to deliver a consistent, transparent, and approved message to their stakeholders in a highly effective manner. It is very important for us as corporate communicators, whether public or private, to know that we can not only be effective in the operational elements of our communication program, but also in the delivery of our communication. .

Do you think this partnership can help the industry mature?

I really do. In a way, we are democratizing ESG by lowering the hurdle rate because we now have the ability to do it at a more efficient pace and offer more transparency to our stakeholders, and that speeds up this process. . Before, it was the haves and the have-nots. For example, if you had large teams, you could write 137-page sustainability reports. Now, while that might not be the primary goal, it might be part of the goal of being more transparent with our stakeholders, which in turn means we can amplify those communications to of a much wider audience.

An exciting part of this partnership is that Notified can create a dedicated ESG webpage that hosts ESG data and is integrated with Nasdaq OneReport via iFrames. Notified’s mission is to provide easy-to-use software to enable Notified customers to report on their ESG efforts using a single platform, eliminating complexity and improving efficiency. Nasdaq OneReport is that solution, and we’re excited to partner to provide the right ESG technology to our clients.

Want to learn more about Nasdaq OneReport? Send us an e-mail and we will set up an appointment.


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