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The Star
3 days ago
- Business
- The Star
Room to improve in local inclusitivity standards
PETALING JAYA : Broader diversity, equity and inclusion (DEI) metrics such as ethnicity and disability remain overlooked in Malaysia, according to BIMB Research. The research house, however, said that board-level gender diversity has improved, with more women taking up spots as directors of listed companies. The improvement occurs as DEI is emerging as a strategic pillar within the 'social' component of environmental, social and governance (ESG) standards and is crucial for long-term value creation. BIMB Research said in a report that institutional investors now view DEI as material to risk management, talent retention, and sustainable financing. In an era where ESG performance has become a key determinant of long-term corporate resilience and investment attractiveness, DEI has emerged as vital, the research house said. 'For Malaysia – a fast-developing South-East Asian economy and an emerging-market investment hub – the strategic integration of DEI into corporate governance is no longer optional but essential.' BIMB Research said the regulatory environment has gradually evolved, as demonstrated by the Malaysian Code on Corporate Governance and the Securities Commission's Corporate Governance Monitor. These developments have led to improvements in gender parity on boards, equitable hiring practices, and inclusive workplace cultures, it said. 'For investors, DEI is not merely a social virtue – it is an emerging strategic lever for managing ESG risk and enhancing corporate sustainability,' it added. DEI basically encompasses fair treatment, access, opportunity, and advancement for all people, while striving to identify and eliminate barriers that have prevented the full participation of some groups. BIMB Research noted that, globally, ESG disclosure frameworks are evolving to include more rigorous DEI metrics. It said the Sustainability Accounting Standards Board and Global Reporting Initiative all integrate DEI-related indicators, particularly those concerning gender balance, fair wages, equal opportunity policies, and anti-discrimination. In response, stock exchanges and financial regulators – from the US Securities and Exchange Commission to the Hong Kong Stock Exchange – are now enforcing more stringent diversity. 'Malaysia is gradually aligning with these practices, and Bursa Malaysia's Sustainability Reporting Guide now encourages listed companies to adopt global best practices in DEI metrics.' It added that Malaysia continues to build momentum in aligning with global DEI norms. Malaysia's demographic diversity – comprising multiple ethnic, religious, and cultural groups – positions the country as a unique environment for developing inclusive DEI strategies, it said. It noted that Malaysia's alignment with global DEI norms may influence its representation in sustainability indices such as the FTSE4Good Bursa Malaysia Index, which includes companies with strong ESG practices. While DEI is not an explicit criterion for index inclusion, social sustainability factors such as labour standards, diversity policies, and stakeholder engagement are among those considered by FTSE Russell, BIMB Research added.
Fibre2Fashion
08-07-2025
- Business
- Fibre2Fashion
US brand Guess' ESG report spotlights innovation & inclusivity
Guess?, Inc. (NYSE: GES) is proud to announce the release of its FY2024–2025 Environmental, Social, and Governance (ESG) Report titled 'It's in Our DNA.' The report underscores the company's continued dedication to sustainable, responsible business practices through its ACTION GUESS ESG strategy — a framework designed to Imagine, Innovate, and Inspire across all facets of the organization. Built on over a decade of commitment to ESG priorities, GUESS leverages globally recognized standards such as the Global Reporting Initiative (GRI) Universal Standards, the Sustainability Accounting Standards Board (SASB), and the Greenhouse Gas (GHG) Protocol in preparing this report. It also aligns with the United Nations Sustainable Development Goals (SDGs), reflecting GUESS's holistic approach to driving positive impact. Guess?, Inc has released its FY2024â€'25 ESG Report, “It's in Our DNA,†highlighting its ACTION GUESS strategy to embed sustainability across its business. The report outlines progress in responsible sourcing, emissions reduction, social equity, and governance, with assurance from a third party, aligning with global standards and the UN SDGs. 'Today, sustainability is a bigger part of our story more than ever before. And what makes me proud is seeing how our teams have embraced this challenge with the same creativity and passion they bring to everything we do,' says Paul Marciano, Guess?, Inc. Co-Founder and Chief Creative Officer . GUESS continues to secure reasonable assurance from an independent third-party assurance provider, reinforcing its commitment to transparency and accountability. These rigorous verification practices empower GUESS to accurately measure its environmental and social impact, pinpoint opportunities for ongoing improvement, and actively manage its sustainability journey — fostering innovation and resilience that support the interests of everyone connected to our business. 'ACTION GUESS drives environmental, social, and governance impact through bold commitments — it's in our DNA,' said Carlos Alberini, Chief Executive Officer and Director Guess?, Inc . 'These actions reflect our broader goal of integrating sustainability into our brand portfolio, products, operations, and culture. Our ESG strategy is not just a program; it's embedded in every fiber of what we do. We invite our partners, customers, and the GUESS Family to explore our progress, engage with our priorities, and join us in creating a more sustainable and inclusive future.' Key themes of the report include: Imagining innovative solutions that drive stakeholder engagement and governance. Innovating responsible business practices with smarter materials for greater impact. Inspiring inclusive growth and social equity within the brand and beyond. GUESS remains steadfast in its mission to grow with purpose, balancing brand heritage with the urgent need for sustainable progress. The FY2024–2025 ESG Report demonstrates meaningful advancements in responsible sourcing, emissions reductions, community engagement, and governance practices. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Business Insider
07-07-2025
- Business
- Business Insider
GAP Airports presents 2024 Sustainability Report
Grupo Aeroportuario del Pacifico announces the release of its 2024 Sustainability Report, which outlines key environmental, social, and corporate governance results across its airport network. The report covers the period from January 1 to December 31, 2024, and has been prepared in accordance with the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board framework. 'As an initial step, we have also considered the International Financial Reporting Standards S1 and S2, issued by the International Sustainability Standards Board, which set the requirements for disclosing sustainability and climate-related financial information,' the company said. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with , delivered to your inbox every week.
Hindustan Times
14-06-2025
- Business
- Hindustan Times
Startup Mantra: Accelerate business growth with sustainability
At a time when businesses across the globe are navigating a maze of sustainability regulations, a Pune-based startup is helping them find clarity—and compliance—with confidence. Founded in 2021 by Rajesh Patel, Snowkap is a Net Zero Software-as-a-Service (SaaS) platform that helps companies manage their Environment, Social and Governance (ESG) performance and reduce their carbon footprint. Born out of a problem Patel encountered firsthand—scattered ESG data, outdated tools, and a lack of business-aligned solutions—Snowkap blends artificial intelligence with human expertise to create a comprehensive, usable platform. 'We're not trying to retrofit old systems,' says Patel, who also heads the Powerweave Group. 'We wanted to create something grounded in how sustainability actually functions inside modern businesses,' he said. From pain point to platform The ideation for Snowkap began with conversations across boardrooms and factory floors. Patel and his team met sustainability officers, procurement heads, chief financial officers (CFOs), auditors, and policy advisors across geographies. 'We mapped where ESG data comes from, who owns it, where it gets stuck. The pattern was clear—manual processes, scattered workflows, and a heavy reliance on consultants just to stay compliant,' says Patel. What emerged was a business-grade ESG ERP platform—built from scratch, not retrofitted. The platform integrates directly into an enterprise's existing systems, automates data collection, matches it to global frameworks, and flags gaps, enabling quick and credible reporting. It supports the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Task Force on Climate-related Financial Disclosures (TCFD), among others. 'Think of us as your ESG control tower,' Patel explains. 'We plug in, clean up your data, match it to global standards, and help build your reports—all from one place.' Bootstrapped but built-to-scale The product has been in the making for over 18 months, backed entirely by the Powerweave Group and developed by a core team of engineers, ESG experts, and compliance professionals. Around $1.5 million has been invested so far through internal capital and grants. Unlike many early-stage startups, Snowkap has avoided the blitz-scaling trap. 'We built with intent, not speed,' says Patel. While most SaaS companies bleed cash in the name of scale, Snowkap's infrastructure and product choices were made to grow sustainably. 'From the beginning, we asked—how can we scale without increasing burn?' adds Patel. Human and AI approach The global ESG software market, currently pegged at $3.17 billion, is dominated by giants like SAP, IBM, and Microsoft, which together command over 60% market share. Snowkap, like other Indian entrants (with <10% market share), is an emerging challenger in a rapidly growing industry. What sets Snowkap apart, says Patel, is its Human + AI approach. 'Most platforms stop at reporting. We go further—our AI does the heavy lifting, and our ESG experts help translate that into business-first action,' he says. 'It's not just about compliance—it's about helping businesses make smarter decisions.' Europe and GCC on the radar Snowkap now plans to expand into high-impact markets in Europe and the Gulf Cooperation Council (GCC). The timing is deliberate. 'Europe is now the epicentre of sustainability regulation,' says Patel, referring to new frameworks like the Carbon Border Adjustment Mechanism (CBAM), the EU Deforestation Regulation (EUDR), and the Omnibus Directive. 'These aren't just acronyms—they're reshaping boardroom agendas.' To enter these markets, Snowkap is strengthening its partner ecosystem. Local collaborators, especially in Europe, bring on-ground knowledge and regulatory understanding, while Snowkap provides the scalable tech backbone. Industry tailwinds The ESG software market is booming—with a global compound annual growth rate (CAGR) of 16.7%, projected to hit $8.03 billion by 2030. India's market is smaller but growing faster—from ~$110 million now to an estimated $377 million by 2030 (CAGR of 22.9%). For Patel, it's not just a business opportunity—it's a shift in how companies define performance. 'ESG is now a boardroom priority, not just a CSR checkbox. When something becomes central to business strategy, you need infrastructure that evolves with it.'
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
