AuditBoard extends capabilities to bolster its ESG program management solution

AuditBoard, the provider of the cloud-based platform for audit, risk, and compliance management, is unveiling its newest solution aimed at supporting audit and risk management teams to centralize and manage their environmental, social, and governance (ESG) programs. Following a report done by AuditBoard which highlighted that more than 60% of risk and compliance leaders anticipate ESG having a significant or moderate effect on their enterprises in the next year, the company addresses these obstacles through extensive data collection and analysis capabilities.

AuditBoard ESG emphasizes centralization and streamlining as its key components toward ESG program management. The solution provides a holistic, centralized single system of record for data eligible for materiality assessments, thereby making evidence collection and reporting more efficient.

In a similar report done by Deloitte in 2022, 57% of ESG stakeholders revealed that data availability and accuracy are the largest issues when it comes to meeting disclosure requirements. These statistics emphasize the need for a renovation of ESG program management; AuditBoard, which comes bearing manual task automation, framework reporting and disclosure simplification, and ESG audit-ready assurance, is positioned to tackle that exact growing need for effective ESG handling.

"ESG has the potential to shift the regulatory landscape as dramatically as Sarbanes-Oxley did twenty years ago," said Scott Arnold, president and CEO of AuditBoard. "We designed and built AuditBoard’s ESG solution to give our customers the tools they need to manage and streamline their programs, providing invaluable assurance to their organizations during this time of rapid transformation.”

AuditBoard ESG further simplifies its experience by aligning topics and metrics against common reporting frameworks, such as Sustainability Accounting Standards Board (SASB), the Global Reporting Initiative (GRI), and the Task Force on Climate-Related Financial Disclosures (TCFD), to locate gaps and identify overlapping requirements.

For more information about AuditBoard and its extended features, please visit https://www.auditboard.com/.