Benchmark Digital Partners Joins Value Reporting Foundation in Ongoing Effort to Combat Climate Crisis Business WireBenchmark Digital Partners Joins Value Reporting Foundation in Ongoing Effort to Combat Climate Crisis Business WireBenchmark Digital Partners Joins Value Reporting Foundation in Ongoing Effort to Combat Climate Crisis Business Wire
Impact Investing Forum 2022
London. Dec 07-08, 2022.
CINCINNATI–(BUSINESS WIRE)–As part of its ongoing efforts to leverage data to combat the climate crisis, Benchmark Digital Partners LLC today became an Alliance Member of the Value Reporting Foundation (VRF). Benchmark Digital Partners, a leader in cloud-based ESG software solutions, believes that companies can better protect themselves against climate risk if they create a culture of transparent and strong climate disclosures. Benchmark Digital Partners will be able to achieve their mission by joining the VRF, which will give companies a better understanding of the value that they provide. R Mukund (CEO and Founder of Benchmark Digital) stated that climate-related financial disclosures as well as investment-grade ESG data are crucial to reverse the climate crisis. “Investment-grade ESG Data empowers investors to allocate trillions to companies and projects that make real difference. It also allows companies to concentrate on the initiatives with the greatest impact. Benchmark Digital’s mission is to provide true investment-grade ESG data. This is why Benchmark Digital has become an Alliance Member of VRF. Our global subscribers will be able to generate and share the ESG data they require. The VRF’s integration of the Integrated Reporting Framework and the Materiality Map into our Benchmark ESG platform is a key step in our mission to help them develop and strengthen their ESG abilities. It will allow investors, regulators, and non-profits to easily understand sustainability performance.
The recent announcement of the International Sustainability Standards Board, (ISSB), which combines the VRF with the Climate Disclosure Standards Boards (CDSB), increases the momentum behind the SASB Standard. It also moves the global community closer to a consistent, investment grade data standard. The investment-grade data standard will allow for far more efficient ESG investments, which will be used to support efforts to combat climate change.
SASB Standards are industry-specific disclosure topics that provide metrics and metrics to help you understand sustainability risks and opportunities that impact enterprise value creation. They work best when combined with the Integrated Reporting Framework which provides principles-based guidance on report structure and content. These frameworks can be used together to help investors and companies understand the relationship between sustainability, financial performance, and other factors. Strong standards are gaining momentum worldwide, with 54% of the FTSE 100 and all the major indices of the S&P Global 1200 now using SASB Standards.
Mukund said, “Combatting climate change is a lifetime effort.” “The Benchmark Digital Partners team feels proud to be supporting the fight against climate change and joining the VRF was just our latest action. We will always do our part.”
About Benchmark ESG (TM)
Benchmark ESG(TM), a cross-functional digital solution for environmental, social, and governance (ESG) issues, enables companies to implement strong, cross-functional solutions locally, globally, and across different operating profiles. Our cloud-based software suite offers intuitive, best-practice functionality, flexible configurations, and powerful extensions. We have been helping companies manage safe and sustainable operations for over 20 years under the Gensuite(R), brand. Our focus is on fast return-on-investment (ROI), continuous innovation, and service excellence. Join more than 1,500,000 customers who trust Benchmark ESG(TM). They provide software systems for operational risk, compliance, EHS and sustainability, as well as responsible sourcing and product stewardship.
About the Value Reporting Foundation
The Value Reporting Foundation, a non-profit organization worldwide, offers a comprehensive set of resources to help investors and businesses understand how enterprise value is created, preserved, or eroded over time. The resources, which include the Integrated Thinking Principles and the Integrated Reporting Framework, can be used individually or in combination depending on your business needs. These tools are already used in more than 70 countries and provide the 21st-century market infrastructure necessary to develop, manage, and communicate strategy that creates long term value and improves performance.
Benchmark Digital Partners Joins Value Reporting Foundation in Ongoing Effort to Combat Climate Crisis Business Wire