ESG Reporting Tool

ESG Reporting Tool

Footprint by TRST01

16 Feb 2023

Shiv Shankar

The world is in the midst of a climate crisis, and with that comes the need for companies to take a more active role in monitoring, measuring, and disclosing their performance in Environmental, Social, and Governance (ESG) practices. This has increased the demand for tools to help companies track and report their ESG activities. One such tool is Footprint by TRST01, a blockchain-enabled ESG reporting tool built on Web2 and Web3.

Footprint by TRST01 is a comprehensive tool that follows the 2021 Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and Carbon Disclosure Project (CDP) guidelines. It also links to the 17 United Nations Sustainable Development Goals (UNSDGs), allowing companies to monitor and report on their progress towards achieving these goals.

One of the critical features of Footprint by TRST01 is its industry-specific content. The tool is designed to cater to the specific needs of different industries and is customizable to each industry’s unique ESG challenges. This ensures that companies can report on the most relevant issues to their business, making it easier for stakeholders to understand their ESG performance.

Customized materiality topics arrangement is another essential feature of Footprint by TRST01. The tool allows companies to arrange their materiality topics based on their relevance and importance to the business. This helps to ensure that the most critical ESG issues are given priority, and stakeholders can better understand the areas where the company is making the most significant impact.

Supply chain management reporting is another critical feature of Footprint by TRST01. The tool allows companies to report on their entire supply chain, from raw materials to final product delivery. This helps companies identify and address any ESG issues that may be present in their supply chain, ensuring that they are not contributing to any negative impacts on the environment or society.

The most significant aspect of Footprint by TRST01 is its blockchain-enabled data integrity verification. Blockchain technology provides an immutable record of all ESG data, ensuring stakeholders can trust the information. This feature helps to increase transparency and trust between companies and their stakeholders, which is essential in today’s increasingly socially conscious business environment.

Conclusion

Footprint by TRST01 is an excellent tool for companies looking to improve their ESG performance and reporting. It is designed to be customizable and industry-specific, ensuring that companies can report on the issues that matter most to their business. The tool’s linkage to the 17 UNSDGs, supply chain management reporting and blockchain-enabled data integrity verification, makes it a reliable and trustworthy ESG reporting tool. With the help of Footprint by TRST01, companies better monitor, measure, and disclose their ESG performance, contributing to a more sustainable future for all.

Footprint by TRST01’s connection to the triple bottom line – Planet, People, and Prosperity – is crucial. This connection ensures that companies are not only monitoring their environmental impact but also their social and economic impact. By focusing on these three areas, companies can ensure that they are operating sustainably and ethically, which can help them improve their reputation and gain the trust of their stakeholders.

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