Sustainability is now a business must-have, with stakeholders demanding clear environmental, social, and governance (ESG) performance. NetSuite’s cloud-based ERP simplifies ESG tracking, helping you report transparently and meet global standards. Let’s explore how NetSuite drives your sustainability goals.
Why ESG Matters ?
ESG metrics measure your environmental impact, social responsibility, and governance practices. Prioritizing ESG helps you:
- Meet regulations like the EU’s CSRD.
- Attract investors who value sustainability.
- Build trust with ethical consumers.
- Cut costs by optimizing resources.
NetSuite’s unified platform makes collecting and analyzing ESG data straightforward, even for global businesses.
How NetSuite Powers ESG Tracking
1. Environmental Metrics
Track carbon emissions, energy use, and waste with:
- SuiteAnalytics: Centralize data to monitor energy across sites or emissions from logistics.
- Integrations: Pull real-time data from IoT devices or sustainability platforms.
- Automated Calculations: Use saved searches to compute carbon footprints.
- Compliance Reports: Generate reports for GRI or TCFD frameworks.
Example: A manufacturer tracks water usage, sets reduction goals, and reports progress—all in NetSuite.
2. Social Metrics
Improve workforce and community impact with:
- SuitePeople HR: Track diversity, training, and employee satisfaction.
- Vendor Management: Ensure suppliers meet ethical labor standards.
- Dashboards: Monitor DEI progress or community contributions in real time.
3. Governance Metrics
- Ensure transparency with:
- Audit Trails: Log all transactions for accountability.
- Workflow Automation: Enforce approval processes to prevent fraud.
- Custom Reports: Track board diversity or compliance with anti-bribery laws.
- NetSuite consolidates ESG data for easy reporting:
- Custom Dashboards: Display KPIs like emissions or DEI progress.
- Saved Searches: Analyze data like energy use or supplier compliance.
- SuiteFlow: Automate data entry for accuracy.
- Exportable Reports: Create polished reports for audits or stakeholders.
- Real-World Impact
- A consumer goods company uses NetSuite to:
- Save 15% on utility costs by tracking warehouse energy use.
- Flag non-compliant suppliers to improve supply chain ethics.
- Report a 10% emissions drop and 20% diversity increase, boosting investor trust.
Why choose LinkedERP ?
- Extensive experience transitioning companies from disconnected ESG tools to a unified ERP framework
- Proven track record in connecting sustainability platforms with core business systems
- Proven Track record in automating and streamlining critical business processes
- 100% Successful ERP implementations track record.
- 100% Renewal rate.