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Time Business News
13-05-2025
- Business
- Time Business News
Top 10 Best Sustainability Reporting Software in 2025
Sustainability is no longer a buzzword—it's a strategic business imperative. As global regulations tighten and stakeholders demand greater transparency, companies need powerful tools to measure, manage, and communicate their sustainability efforts. This is where sustainability reporting software comes into play. In this article, we explore the best sustainability reporting software solutions in 2025, designed to streamline compliance, automate data collection, and enhance ESG performance. One standout option is the 4S Technologies ESG Platform, known for its scalability and intelligent reporting features. Sustainability reporting software helps organizations track, analyze, and disclose environmental, social, and governance (ESG) data. It aligns business activities with frameworks like GRI (Global Reporting Initiative), SASB (Sustainability Accounting Standards Board), TCFD, and the EU CSRD directive. These tools eliminate manual processes, reduce reporting errors, and provide data-driven insights that improve long-term sustainability strategies. Automated Compliance : Stay ahead of regulatory requirements. : Stay ahead of regulatory requirements. Accurate ESG Data : Centralize reporting metrics from multiple departments. : Centralize reporting metrics from multiple departments. Enhanced Stakeholder Trust : Provide transparent, standardized disclosures. : Provide transparent, standardized disclosures. Improved Performance Monitoring : Measure against KPIs and benchmarks. : Measure against KPIs and benchmarks. Strategic Decision-Making: Drive change based on real-time sustainability data. Best for: Comprehensive and scalable sustainability management The 4S Technologies ESG Platform offers end-to-end functionality for ESG and sustainability reporting. From automated data collection to real-time dashboards, it helps organizations align with leading frameworks like GRI and CSRD. The platform is intuitive, customizable, and suitable for businesses of all sizes. Best for: ESG + Financial Integration Workiva provides a unified platform that connects sustainability data with financial disclosures, ideal for publicly traded companies needing assurance-ready reports. Best for: Investor-grade ESG analytics Novisto focuses on high-quality, audit-ready ESG data management. It integrates well with financial systems and supports global frameworks. Best for: Governance and board-level reporting Diligent offers tools for board oversight of sustainability performance and regulatory readiness, with visual dashboards and risk tracking. Best for: Purpose-driven ESG storytelling FigBytes links sustainability metrics to strategy and impact, helping organizations communicate their ESG journey in alignment with the SDGs. Best for: Data privacy + ESG compliance OneTrust brings together ESG metrics, privacy regulations, and ethics tracking in one platform—perfect for compliance-driven companies. Best for: Operational ESG insights Benchmark ESG provides tools for environmental performance tracking, compliance management, and reporting automation. Best for: Supply chain sustainability EcoVadis enables organizations to assess and manage supplier sustainability performance using comprehensive scorecards. Best for: Environmental and carbon impact analysis SpheraCloud specializes in EHS compliance and carbon accounting, making it ideal for industrial and manufacturing sectors. Best for: Deep carbon footprint analysis Persefoni offers strong functionality for Scope 1, 2, and 3 carbon emissions tracking, and is popular with enterprises targeting net-zero goals. When selecting sustainability software, consider the following: Framework Alignment : Does the software support the standards your industry requires? : Does the software support the standards your industry requires? Integration Capabilities : Can it sync with your ERP, HR, or financial systems? : Can it sync with your ERP, HR, or financial systems? Customization : Is it flexible enough to meet your business's specific needs? : Is it flexible enough to meet your business's specific needs? User Experience : An intuitive interface speeds up training and adoption. : An intuitive interface speeds up training and adoption. Scalability: Make sure the platform can grow with your ESG strategy. The 4S Technologies ESG Platform is a robust, AI-driven solution built for companies seeking transparency, compliance, and strategy alignment. Key features include: Customizable dashboards Automated reporting workflows Real-time data visualization Strong support for GRI, SASB, and CSRD standards Easy integration with existing systems Whether you're starting your sustainability journey or upgrading from spreadsheets, 4S Technologies provides a future-ready platform to meet your goals. Sustainability reporting is essential for risk management, investor relations, and regulatory compliance. The best sustainability reporting software in 2025 offers automation, accuracy, and actionable insights. From advanced platforms like 4S Technologies ESG Software to specialized tools like Persefoni and EcoVadis, companies have more powerful options than ever. Choose the right tool to take control of your ESG journey, build stakeholder trust, and contribute to a more sustainable future. TIME BUSINESS NEWS
Associated Press
30-04-2025
- Business
- Associated Press
Schrödinger Demonstrates Corporate Sustainability Progress in 2024 Report
Guided by its mission to improve human health and quality of life by transforming how therapeutics and materials are discovered, Schrödinger is dedicated to driving measurable impact through its Corporate Sustainability third annual Corporate Sustainability Report details the company's progress on its environmental, social, and governance (ESG) commitments and highlights its dedication to its VALUE² strategy, which is grounded in the principle of shared value:"When we add value to the world, we create value for our company, and when we build value for ourselves, we generate value for the world."Throughout 2024, Schrödinger made significant strides in its ESG initiatives, including: the achievement of LEED® green building certifications for key facilities; the continued development of innovative solutions in drug discovery and materials science; and the publication of critical policies to enhance transparency and governance.2024 Report HighlightsEnvironmental Social Governance Schrödinger's 2024 Corporate Sustainability Report references the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board Biotechnology & Pharmaceuticals and Software & IT Services standards. Access the report here. Read More Visit 3BL Media to see more multimedia and stories from Alerts
Associated Press
29-04-2025
- Business
- Associated Press
Report: Baker Hughes Achieves Nearly 40% Reduction in Operational Emissions Intensity While Maintaining Profitable Growth
Baker Hughes (NASDAQ: BKR), an energy technology company, reported a 39.5% reduction in emissions intensity of its scope 1 and 2 GHG emissions from its 2019 baseline in its 2024 corporate sustainability report (CSR), highlighting its commitment to delivering lasting value through sustainability. The company is holding its course on its sustainability commitments, supported by strong corporate governance and a 'people first' culture.'Our ability to drive economic growth and achieve significant emissions reductions underscores our commitment to sustainable energy development – the balance needed to supply the world with the energy it needs today without adversely impacting the abundance and availability of energy tomorrow,' said Baker Hughes Chairman and CEO Lorenzo Simonelli. 'By focusing on increasing efficiencies and integrating sustainability into our corporate strategy, we also enable our customers to meet their emissions targets.''Sustainability continues to be a key competitive advantage for Baker Hughes, helping us deliver long-term value to all of our stakeholders,' said Baker Hughes Chief Sustainability Officer Allyson Anderson Book. 'Our 2024 CSR shows how each part of our business has contributed to advancing our sustainability strategy – executed through corporate framework of people, planet, and principles – with a strong alignment to our commercial strategy. As we foster a culture of safety, well-being and belonging, our people remain central contributors to advancing sustainability through initiatives like Carbon Out.'Key highlights of Baker Hughes' sustainability performance in 2024 include: Delivering emissions reduction with profitable growthDriving sustainability across all stages of products and services:'People first' culture, with corporate responsibility:giving back to communitiesEmployees' health and safety remain non-negotiable Baker Hughes continues to make progress toward its net-zero goals and remains transparent in its reporting with two separate reviews of its annual sustainability report, which includes an independent accounting firm. Baker Hughes' corporate sustainability report is prepared using the Global Reporting Initiative (GRI) standards, and the GHG Protocol as the foundation of our report. The report is supplemented by detailed indices aligned with the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosure (TCFD), and CDP. As a participant of UN Global Compact Initiative – a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices, Baker Hughes was awarded the Global Impact Award by UN Association of Houston for its unwavering commitment to advancing the UN Sustainable Development Goals. Learn more about Baker Hughes' sustainability commitments and performance by accessing the full 2024 Corporate Sustainability Report here. About Baker Hughes:Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner, and more efficient for people and the planet. Visit us at ### For more information, please contact: Media Relations Adrienne M. Lynch +1-713-906-8407 Read More Visit 3BL Media to see more multimedia and stories from Baker Hughes Energy Services LLC
Al Bawaba
14-04-2025
- Business
- Al Bawaba
Boursa Kuwait publishes its fourth sustainability report, reaffirming its commitment to governance, transparency and sustainable growth
Boursa Kuwait published its fourth Corporate Sustainability Report, which shed light on the company's initiatives from January 1 to December 31, 2024. The report outlined the company's sustainability strategy and assessed its governance, social responsibility and environmental stewardship performance. The report marks a significant milestone in Boursa Kuwait's journey, reinforcing its commitment to Environmental, Social, and Governance (ESG) practices since its inception and reflecting its dedication to adopting internationally recognized best practices to develop an efficient, transparent, and inclusive financial market. It was prepared in alignment with the core concepts of the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) guidelines for the securities and commodities exchanges sector and the United Nations Sustainable Development Goals (SDGs). The report also adheres to the principles of Boursa Kuwait's ESG Reporting Guide, which incorporates the requirements of the International Sustainability Standards Board (ISSB) to meet the evolving and dynamic expectations of all stakeholders. 'This year marked a pivotal milestone for Boursa Kuwait as we celebrated our tenth anniversary — a decade defined by excellence, innovation, and meaningful progress. Over the years, we have played a key role in advancing Kuwait's capital market while embedding sustainability at the heart of our operations and reinforcing our belief that Boursa Kuwait's role extends well beyond facilitating trading and investment. The company is deeply committed to driving economic growth and enhancing financial inclusion across the State of Kuwait,' said Boursa Kuwait's Chief Executive Officer Mr. Mohammad Saud Al-Osaimi. Al-Osaimi added that the report signifies a pivotal step in Boursa Kuwait's efforts to align its objectives with Kuwait's vision for national development and its international climate commitments. He noted that, as a key enabler of sustainable finance and a model issuer in the Kuwaiti capital market, the company plays a prominent role in empowering listed companies to incorporate sustainability into their operations and financial strategies to attract long-term investments. 'In 2024, Boursa Kuwait made significant strides in advancing ESG principles, guided by its comprehensive governance framework, which ensures the highest standards of transparency and underscores the company's commitment to ethical business practices in line with global benchmarks. The company remains committed to ethical business practices in line with the standards adopted worldwide, keeping pace with the evolving dynamics of the international financial landscape and adopting the latest best practices to contribute effectively to a more sustainable future for the Kuwaiti financial sector,' Al-Osaimi said. Throughout 2024, Boursa Kuwait continued to advance its commitment to financial literacy — a core pillar of its mission since inception and a key driver in reinforcing the company's position both regionally and globally. Anchored in the belief that well-informed stakeholders are vital to the growth, integrity, and long-term resilience of capital markets, the company remained steadfast in its efforts to equip individuals with the knowledge and skills needed to actively engage in — and benefit from — Kuwait's capital market and the broader financial ecosystem. These efforts contribute to fostering a more inclusive, empowered, and resilient financial environment. As part of these ongoing efforts, Boursa Kuwait launched the inaugural edition of the 'Bell' initiative, aimed at positioning financial literacy as a foundational tool for financial stability, economic development, and social prosperity. The initiative was implemented in collaboration with the Union of Investment Companies, Kuwait University, the CFA Society Kuwait, Kuwait Financial Centre 'Markaz,' and the Credit Information Network Company (Ci-Net). Boursa Kuwait also added several prestigious accolades to its growing list of achievements, a testament to its continued excellence in corporate sustainability, governance and ESG practices. The company received seven awards from renowned international institutions, underscoring its leadership and impact in these critical areas, including 'Best in Sustainability Transparency' award from Global Finance magazine, 'Best Sustainable Corporate Governance – Kuwait' and 'Best ESG Strategy – 2024' from The European magazine and 'Outstanding Contribution to Women's Empowerment in MENA – 2023', 'Best ESG Strategy in GCC Capital Markets – 2023' and 'Outstanding Contribution to Financial Inclusion in GCC Capital Markets – 2023' from Capital Finance International (CFI). Its 2023 Sustainability Report was also recognized as the Best Sustainability and ESG Report by the Middle East Investor Relations Association (MEIRA). The bourse was able to make strides in its ESG efforts internally as well, achieving an employee retention rate of 98% in 2024 to underscore its success in cultivating a dynamic and empowering work environment that fosters both professional growth and personal development. Boursa Kuwait also continued to actively support a range of social and environmental initiatives, working closely with local and international organizations to sponsor 38 programs designed to create meaningful, long-term impact within the community it serves throughout the year. These accomplishments underscore Boursa Kuwait's unwavering commitment to promoting transparency, embedding sound governance and advancing sustainability across the market as well as highlighting the company's pivotal role as a leading enabler of sustainable finance in Kuwait, dedicated to building a resilient, inclusive financial ecosystem that drives economic growth and supports the transition to a more sustainable future.
Zawya
13-04-2025
- Business
- Zawya
Boursa Kuwait publishes its fourth sustainability report
The report outlined the company's sustainability strategy, its non-financial performance and initiatives for 2024 Kuwait City: Boursa Kuwait published its fourth Corporate Sustainability Report, which shed light on the company's initiatives from January 1 to December 31, 2024. The report outlined the company's sustainability strategy and assessed its governance, social responsibility and environmental stewardship performance. The report marks a significant milestone in Boursa Kuwait's journey, reinforcing its commitment to Environmental, Social, and Governance (ESG) practices since its inception and reflecting its dedication to adopting internationally recognized best practices to develop an efficient, transparent, and inclusive financial market. It was prepared in alignment with the core concepts of the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) guidelines for the securities and commodities exchanges sector and the United Nations Sustainable Development Goals (SDGs). The report also adheres to the principles of Boursa Kuwait's ESG Reporting Guide, which incorporates the requirements of the International Sustainability Standards Board (ISSB) to meet the evolving and dynamic expectations of all stakeholders. 'This year marked a pivotal milestone for Boursa Kuwait as we celebrated our tenth anniversary — a decade defined by excellence, innovation, and meaningful progress. Over the years, we have played a key role in advancing Kuwait's capital market while embedding sustainability at the heart of our operations and reinforcing our belief that Boursa Kuwait's role extends well beyond facilitating trading and investment. The company is deeply committed to driving economic growth and enhancing financial inclusion across the State of Kuwait,' said Boursa Kuwait's Chief Executive Officer Mr. Mohammad Saud Al-Osaimi. Al-Osaimi added that the report signifies a pivotal step in Boursa Kuwait's efforts to align its objectives with Kuwait's vision for national development and its international climate commitments. He noted that, as a key enabler of sustainable finance and a model issuer in the Kuwaiti capital market, the company plays a prominent role in empowering listed companies to incorporate sustainability into their operations and financial strategies to attract long-term investments. 'In 2024, Boursa Kuwait made significant strides in advancing ESG principles, guided by its comprehensive governance framework, which ensures the highest standards of transparency and underscores the company's commitment to ethical business practices in line with global benchmarks. The company remains committed to ethical business practices in line with the standards adopted worldwide, keeping pace with the evolving dynamics of the international financial landscape and adopting the latest best practices to contribute effectively to a more sustainable future for the Kuwaiti financial sector,' Al-Osaimi said. Throughout 2024, Boursa Kuwait continued to advance its commitment to financial literacy — a core pillar of its mission since inception and a key driver in reinforcing the company's position both regionally and globally. Anchored in the belief that well-informed stakeholders are vital to the growth, integrity, and long-term resilience of capital markets, the company remained steadfast in its efforts to equip individuals with the knowledge and skills needed to actively engage in — and benefit from — Kuwait's capital market and the broader financial ecosystem. These efforts contribute to fostering a more inclusive, empowered, and resilient financial environment. As part of these ongoing efforts, Boursa Kuwait launched the inaugural edition of the 'Bell' initiative, aimed at positioning financial literacy as a foundational tool for financial stability, economic development, and social prosperity. The initiative was implemented in collaboration with the Union of Investment Companies, Kuwait University, the CFA Society Kuwait, Kuwait Financial Centre 'Markaz,' and the Credit Information Network Company (Ci-Net). Boursa Kuwait also added several prestigious accolades to its growing list of achievements, a testament to its continued excellence in corporate sustainability, governance and ESG practices. The company received seven awards from renowned international institutions, underscoring its leadership and impact in these critical areas, including 'Best in Sustainability Transparency' award from Global Finance magazine, 'Best Sustainable Corporate Governance – Kuwait' and 'Best ESG Strategy – 2024' from The European magazine and 'Outstanding Contribution to Women's Empowerment in MENA – 2023', 'Best ESG Strategy in GCC Capital Markets – 2023' and 'Outstanding Contribution to Financial Inclusion in GCC Capital Markets – 2023' from Capital Finance International (CFI). Its 2023 Sustainability Report was also recognized as the Best Sustainability and ESG Report by the Middle East Investor Relations Association (MEIRA). The bourse was able to make strides in its ESG efforts internally as well, achieving an employee retention rate of 98% in 2024 to underscore its success in cultivating a dynamic and empowering work environment that fosters both professional growth and personal development. Boursa Kuwait also continued to actively support a range of social and environmental initiatives, working closely with local and international organizations to sponsor 38 programs designed to create meaningful, long-term impact within the community it serves throughout the year. These accomplishments underscore Boursa Kuwait's unwavering commitment to promoting transparency, embedding sound governance and advancing sustainability across the market as well as highlighting the company's pivotal role as a leading enabler of sustainable finance in Kuwait, dedicated to building a resilient, inclusive financial ecosystem that drives economic growth and supports the transition to a more sustainable future. About Boursa Kuwait: The establishment of Boursa Kuwait in 2014 marked the first step in the privatization project of the Kuwait Stock Exchange, which was founded in 1977 as the first exchange in the Gulf Cooperation Council region and was reorganized in 1983 as an independent financial institution. The transitional phase began in 2016, with Boursa Kuwait officially assuming the responsibilities and operations of the Kuwait Stock Exchange, replacing it with an official license in the same year after the successful completion of the transitional phase. This ensured that Boursa Kuwait developed the infrastructure and operated according to best practices and international standards. It commenced the creation of an advanced, reliable trading platform built on efficiency, credibility, and transparency to serve all asset classes with a focus on the interests of traders and the national economy. Boursa Kuwait has undertaken various market reforms as part of its comprehensive plans to enhance it in several stages. It succeeded in introducing innovative investment tools, enhancing transparency, and restructuring the market to increase its liquidity and competitiveness, based on its mission-focused strategy, which emphasizes developing the market to meet international standards. The company's developmental and improvement efforts have also contributed to the reclassification of the Kuwait market as an «emerging market» among key global index providers, enhancing Kuwait's position as a leading regional financial center. In a pioneering step in Kuwait's privatization field, the privatization of Boursa Kuwait was successful, conducted in two stages. The first stage was in February 2019 when a consortium of Kuwaiti investment companies and a global exchange operator won the privatization bid, acquiring a 44% stake in the company. In December 2019, the privatization process was completed through the public offering of a 50% stake owned by the Capital Markets Authority to Kuwaiti citizens, with the offering oversubscribed by more than 850%. Boursa Kuwait is listed on the «Premier Market» under the name «Boursa». For further information, please contact: Ahmad Rashed Alowaish PR and Media Manager - Boursa Kuwait Email: aalowaish@
