A Meet the Boss roundtable brought to you by Teradata
CFOs, COOs, and CIOs take notice. The U.S. Securities Exchange Commission see your ESG claims. Soon, CEOs and CFOs will be required to sign sustainability disclosures that will have very real implications in how you operate and report on your business.
Sustainability disclosures are rapidly emerging, requiring organizations to report Scope 1, Scope 2, and Scope 3 emissions. This entails all aspects of your company’s operations from direct emissions, indirect emissions, and indirect emissions that occur throughout your company’s value chain. With Scope 3, the degree of complexity increases exponentially. Linking data inside and outside of your organization is paramount. The traditional back-of-napkin math extracted from Excel spreadsheets will no longer suffice. Moreover, carbon taxes will require precise measurement and reporting, which may greatly affect how corporate taxes are handled.
The implications are real. Do nothing and risk being left behind in the market. Even worse, companies can be fined and executives may potentially face jail time. On the flip side, research shows companies with ESG efforts are more profitable and outperform the market. These efforts translate into new opportunities, building further brand equity and deepening consumer connection.
It’s clear, having trust in your data is crucial. Much like financial visibility, companies must create a single source of truth where data quality, integrity, lineage, and governance create the foundation for data management and analytics at enterprise scale. So, do you have the data to respond? Do you trust your data? Most importantly, do you trust the answers your teams are telling you about your sustainability claims?
Join Teradata and a select group of likeminded executives as we discuss the keys to sustainability visibility to build trust in your data and answer the call of exchange commissions, investors, board of directors, and CEOs.