NEW YORK--(BUSINESS WIRE/AETOSWire)-- Diligent Corporation, a leading modern governance company with a platform used by nearly 700,000 board directors and leaders, today announced the launch of its ESG solution set to help organizations turn ESG standards and guidelines into tangible actions and outcomes. Diligent’s solutions equip organizations with the tools needed to track ESG progress against industry standards, benchmark practices using analytics, and monitor relevant news and stakeholder sentiment. The solutions empower organizations to not only develop ambitious ESG goals, but to operationalize and achieve them.
This new product release comes on the heels of the World Economic Forum (WEF) publishing its final recommendations for ESG metrics to catalyze greater alignment and synergy around existing standards. These recommendations are the result of global business leaders collaborating to better define ESG, and they have become the first globally recognized set of ESG standards in the world.
“While ESG continues to rise in importance, the steps that organizations can take to achieve their goals remain less clear. Although the intent is often there, this ambiguity around how to take action continues to impede real progress,” said Brian Stafford, CEO of Diligent. “Diligent is committed to being a catalyst for ESG. With our new offering, we are providing organizations with a clear way to activate their commitments and make tangible progress towards long-term ESG goals—with technology that does not exist elsewhere. Our solutions make ESG easier for organizations to measure and execute on.”
Diligent’s ESG solution set helps organizations comply with the new standards and regulations, monitor relevant news and trends, and measure their reputation against industry peers. As part of this launch, Diligent updated its risk, compliance, and news intelligence offerings to incorporate the WEF’s ESG metrics, making it the first product in its class to do so. Organizations now have access to a library of standards and regulatory obligations for measuring, tracking, and improving progress towards their ESG goals. The solution set also enables organizations to access board effectiveness scores and executive compensation models to recognize potential discrepancies in diversity, governance, and executive pay.
Dedicated to ESG efforts on all fronts, Diligent is hosting its second webinar focused on stakeholder capitalism on October 7, with participation from WEF, Bank of America, and EY. Diligent’s first webinar on the topic took place in June, garnering more than 5,000 registrants.