{"id":5238,"date":"2025-01-21T09:50:36","date_gmt":"2025-01-21T09:50:36","guid":{"rendered":"https:\/\/www.balkanservices.com\/blog\/?p=5238"},"modified":"2025-01-21T10:39:32","modified_gmt":"2025-01-21T10:39:32","slug":"seven-criteria-for-esg-software-selection","status":"publish","type":"post","link":"https:\/\/www.balkanservices.com\/blog\/en\/seven-criteria-for-esg-software-selection\/","title":{"rendered":"7 criteria for ESG software selection"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">7 criteria for ESG software selection<\/h1>\n\n\n\n<p>Companies are beginning to look at ESG reporting solutions for a variety of reasons, but the main one is <strong>efficient data collection to save valuable time and resources.<\/strong><\/p>\n\n\n\n<p>A key benefit of specialist sustainability reporting solutions is that they <strong>minimise manual data entry, streamlining processes and increasing productivity.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.balkanservices.com\/eng\/business-software\/esg-software-for-sustainability-reporting\" target=\"_blank\" rel=\"noreferrer noopener\">ESG reporting software<\/a><strong> enhances data transparency and accuracy by ensuring that the information in reports is reliable, credible and audit-ready. <\/strong>They enable improved calculation and analysis of key performance indicators for ESG activities, providing valuable insights that help inform decision making.<\/p>\n\n\n\n<p>But how do you choose the right ESG solution for your company?<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-2a08510\" data-block-id=\"2a08510\"><style>.stk-2a08510 {height:35px !important;}<\/style><\/div>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><a href=\"https:\/\/www.balkanservices.com\/blog\/en\/what-is-esg-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read more: What is ESG software?<\/a><\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-38a4167\" data-block-id=\"38a4167\"><style>.stk-38a4167 {height:35px !important;}<\/style><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Key criteria for selecting <a href=\"https:\/\/www.balkanservices.com\/eng\/business-software\/esg-software-for-sustainability-reporting\" target=\"_blank\" rel=\"noreferrer noopener\">ESG software<\/a><\/h2>\n\n\n\n<p>There are several key factors to consider when selecting sustainability reporting software.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-54dd38e\" data-block-id=\"54dd38e\"><style>.stk-54dd38e {height:35px !important;}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">1. Data collection and processing<\/h3>\n\n\n\n<p>Data collection is the foundation for efficient operations and better visibility. It is critical to consider from <strong>what sources the solution will collect data <\/strong>and to what extent this process can be automated.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-fcaa69c\" data-block-id=\"fcaa69c\"><style>.stk-fcaa69c {height:35px !important;}<\/style><\/div>\n\n\n\n<div class=\"wp-block-stackable-icon-label stk-block-icon-label stk-block stk-af7742d\" data-block-id=\"af7742d\"><div class=\"stk-row stk-inner-blocks stk-block-content\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-left stk-block stk-1123517\" data-block-id=\"1123517\"><style>.stk-1123517 .stk--svg-wrapper .stk--inner-svg svg:last-child{opacity:0.7 !important;}.stk-1123517 .stk--svg-wrapper .stk--inner-svg svg:last-child, .stk-1123517 .stk--svg-wrapper .stk--inner-svg svg:last-child :is(g, path, rect, polygon, ellipse){fill:var(--theme-palette-color-1, #F6891F) !important;}<\/style><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-1123517\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-1123517-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-1123517-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 384 512\" aria-hidden=\"true\" width=\"32\" height=\"32\"><path d=\"M297.2 248.9C311.6 228.3 320 203.2 320 176c0-70.7-57.3-128-128-128S64 105.3 64 176c0 27.2 8.4 52.3 22.8 72.9c3.7 5.3 8.1 11.3 12.8 17.7l0 0c12.9 17.7 28.3 38.9 39.8 59.8c10.4 19 15.7 38.8 18.3 57.5H109c-2.2-12-5.9-23.7-11.8-34.5c-9.9-18-22.2-34.9-34.5-51.8l0 0 0 0c-5.2-7.1-10.4-14.2-15.4-21.4C27.6 247.9 16 213.3 16 176C16 78.8 94.8 0 192 0s176 78.8 176 176c0 37.3-11.6 71.9-31.4 100.3c-5 7.2-10.2 14.3-15.4 21.4l0 0 0 0c-12.3 16.8-24.6 33.7-34.5 51.8c-5.9 10.8-9.6 22.5-11.8 34.5H226.4c2.6-18.7 7.9-38.6 18.3-57.5c11.5-20.9 26.9-42.1 39.8-59.8l0 0 0 0 0 0c4.7-6.4 9-12.4 12.7-17.7zM192 128c-26.5 0-48 21.5-48 48c0 8.8-7.2 16-16 16s-16-7.2-16-16c0-44.2 35.8-80 80-80c8.8 0 16 7.2 16 16s-7.2 16-16 16zm0 384c-44.2 0-80-35.8-80-80V416H272v16c0 44.2-35.8 80-80 80z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-e7f7974\" id=\"the-collaborative-work-of-different-departments-from-which-information-is-required-requires-a-centralized-and-automated-data-collection-process-that-provides-visibility-to-all-sources\" data-block-id=\"e7f7974\"><p class=\"stk-block-heading__text\">The collaborative work of different departments from which information is required requires a centralized and automated data collection process that provides visibility to all sources.<\/p><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-71846f2\" data-block-id=\"71846f2\"><style>.stk-71846f2 {height:35px !important;}<\/style><\/div>\n\n\n\n<p>It is also important to consider what <strong>security certifications<\/strong> the software vendor holds to be sure of where and how information is stored.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-a519fa8\" data-block-id=\"a519fa8\"><style>.stk-a519fa8 {height:35px !important;}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">2. <a href=\"https:\/\/www.balkanservices.com\/eng\/services\/software-system-integration\" target=\"_blank\" rel=\"noreferrer noopener\">Integration with existing software systems<\/a><\/h3>\n\n\n\n<p>Integration capabilities with existing software and tools within the company should also be considered. It is a good idea for the solution to <strong>seamlessly integrate with other business software<\/strong> in the company, e.g. <a href=\"https:\/\/www.balkanservices.com\/eng\/business-software\/category\/erp\" target=\"_blank\" rel=\"noreferrer noopener\">ERP<\/a> and <a href=\"https:\/\/www.balkanservices.com\/eng\/business-software\/category\/business-intelligence\" target=\"_blank\" rel=\"noreferrer noopener\">BI systems<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-3bcea9e\" data-block-id=\"3bcea9e\"><style>.stk-3bcea9e {height:35px !important;}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">3. Compliance with standards<\/h3>\n\n\n\n<p>When evaluating a solution, consider<strong> which specific environmental, social and governance components to prioritize<\/strong> and which specific key performance indicators (KPIs) you will track.<\/p>\n\n\n\n<p>Explore what capabilities the solution should have to track the selected metrics as well as your progress against evolving standards and ensure you are compliant with the latest regulations.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-b32b077\" data-block-id=\"b32b077\"><style>.stk-b32b077 {height:35px !important;}<\/style><\/div>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><a href=\"https:\/\/www.balkanservices.com\/blog\/en\/the-most-important-esg-indicators-for-cfos\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read more: The most important ESG metrics for CFOs<\/a><\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-21117ca\" data-block-id=\"21117ca\"><style>.stk-21117ca {height:35px !important;}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">4. Data download and reporting<\/h3>\n\n\n\n<p>As with data collection, data extraction and reporting are critical to the entire ESG reporting process. It is important to consider how you will download the information and what formats you need, e.g. Word, PowerPoint, XBRL, XML and HTML for direct download to third party assessment portals such as CSA, CDP etc. <\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-bcf0618\" data-block-id=\"bcf0618\"><style>.stk-bcf0618 {height:35px !important;}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">5. Ease of use<\/h3>\n\n\n\n<div class=\"wp-block-stackable-icon-label stk-block-icon-label stk-block stk-b2ae486\" data-block-id=\"b2ae486\"><div class=\"stk-row stk-inner-blocks stk-block-content\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-left stk-block stk-c51c240\" data-block-id=\"c51c240\"><style>.stk-c51c240 .stk--svg-wrapper .stk--inner-svg svg:last-child{opacity:0.7 !important;}.stk-c51c240 .stk--svg-wrapper .stk--inner-svg svg:last-child, .stk-c51c240 .stk--svg-wrapper .stk--inner-svg svg:last-child :is(g, path, rect, polygon, ellipse){fill:var(--theme-palette-color-1, #F6891F) !important;}<\/style><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-c51c240\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-c-51-c-240-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-c-51-c-240-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 384 512\" aria-hidden=\"true\" width=\"32\" height=\"32\"><path d=\"M297.2 248.9C311.6 228.3 320 203.2 320 176c0-70.7-57.3-128-128-128S64 105.3 64 176c0 27.2 8.4 52.3 22.8 72.9c3.7 5.3 8.1 11.3 12.8 17.7l0 0c12.9 17.7 28.3 38.9 39.8 59.8c10.4 19 15.7 38.8 18.3 57.5H109c-2.2-12-5.9-23.7-11.8-34.5c-9.9-18-22.2-34.9-34.5-51.8l0 0 0 0c-5.2-7.1-10.4-14.2-15.4-21.4C27.6 247.9 16 213.3 16 176C16 78.8 94.8 0 192 0s176 78.8 176 176c0 37.3-11.6 71.9-31.4 100.3c-5 7.2-10.2 14.3-15.4 21.4l0 0 0 0c-12.3 16.8-24.6 33.7-34.5 51.8c-5.9 10.8-9.6 22.5-11.8 34.5H226.4c2.6-18.7 7.9-38.6 18.3-57.5c11.5-20.9 26.9-42.1 39.8-59.8l0 0 0 0 0 0c4.7-6.4 9-12.4 12.7-17.7zM192 128c-26.5 0-48 21.5-48 48c0 8.8-7.2 16-16 16s-16-7.2-16-16c0-44.2 35.8-80 80-80c8.8 0 16 7.2 16 16s-7.2 16-16 16zm0 384c-44.2 0-80-35.8-80-80V416H272v16c0 44.2-35.8 80-80 80z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-e399009\" id=\"ensure-that-the-software-you-choose-is-intuitive-and-relatively-easy-to-use-in-order-to-navigate-and-use-its-features-effectively\" data-block-id=\"e399009\"><p class=\"stk-block-heading__text\">Ensure that the software you choose is intuitive and relatively easy to use in order to navigate and use its features effectively.<\/p><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-b7256f3\" data-block-id=\"b7256f3\"><style>.stk-b7256f3 {height:35px !important;}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">6. Range of functionalities<\/h3>\n\n\n\n<p>Consider the scope of the functionalities of the chosen solution and <strong>ensure that it covers the entire ESG reporting process,<\/strong> from data collection and analysis, to report generation and distribution, including the mark-up required by regulation. <\/p>\n\n\n\n<p>A comprehensive solution should save time and increase the efficiency of the ESG reporting process.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-9fc1612\" data-block-id=\"9fc1612\"><style>.stk-9fc1612 {height:35px !important;}<\/style><\/div>\n\n\n<div data-block=\"hook:3908\" class=\"alignfull\" data-block-structure=\"custom\"><div class=\"ct-container-full\" data-content=\"normal\"><article id=\"post-3908\" class=\"post-3908\"><div class=\"entry-content is-layout-constrained\">\n<div class=\"wp-block-media-text alignfull has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-center is-image-fill is-style-default has-palette-color-8-color has-palette-color-4-background-color has-text-color has-background has-link-color wp-elements-326cc7970ec94e154d90381fd2939023\" style=\"margin-top:var(--wp--preset--spacing--50);margin-bottom:var(--wp--preset--spacing--50);margin-left:0;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0;grid-template-columns:auto 37%\"><div class=\"wp-block-media-text__content\">\n<h2 class=\"wp-block-heading has-white-color has-text-color\" style=\"margin-top:var(--wp--preset--spacing--40);margin-right:0;margin-bottom:0;margin-left:0\">Looking for business software?<\/h2>\n\n\n\n<p class=\"has-palette-color-8-color has-text-color\" style=\"margin-top:var(--wp--preset--spacing--20);margin-bottom:var(--wp--preset--spacing--20);font-size:clamp(14px, 0.875rem + ((1vw - 3.2px) * 0.234), 17px);line-height:1.5\">Our team is here to listen carefully and offer the right solution for you.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-stackable-button-group stk-block-button-group stk-block stk-088e0d7\" data-block-id=\"088e0d7\"><style>.stk-088e0d7{margin-bottom:30px !important;position:relative !important}@media screen and (max-width:999px){.stk-088e0d7{margin-bottom:36px !important}}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-button-group\">\n<div class=\"wp-block-stackable-button stk-block-button is-style-ghost stk-block stk-cb9bee0\" data-block-id=\"cb9bee0\"><style>.stk-cb9bee0{top:23px !important}.stk-cb9bee0 .stk-button{padding-right:33px !important;padding-left:33px !important;background:var(--theme-palette-color-1,#F6891F) !important}.stk-cb9bee0 .stk-button:hover:after{background:transparent !important;opacity:1 !important}:where(.stk-hover-parent:hover,.stk-hover-parent.stk--is-hovered) .stk-cb9bee0 .stk-button:after{background:transparent !important;opacity:1 !important}.stk-cb9bee0 .stk-button:before{border-style:solid !important;border-color:var(--theme-palette-color-8,#ffffff) !important;border-top-width:0px !important;border-right-width:0px !important;border-bottom-width:0px !important;border-left-width:0px !important}.stk-cb9bee0 .stk-button__inner-text{color:var(--theme-palette-color-8,#ffffff) !important}<\/style><a class=\"stk-link stk-button stk--hover-effect-lift\" href=\"https:\/\/www.balkanservices.com\/eng\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"has-text-color stk-button__inner-text\">Schedule a free consultation &gt;<\/span><\/a><\/div>\n<\/div><\/div>\n<\/div><figure class=\"wp-block-media-text__media\" style=\"background-image:url(https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-1024x638.jpg);background-position:50% 50%\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"638\" src=\"https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-1024x638.jpg\" alt=\"\" class=\"wp-image-3887 size-full\" srcset=\"https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-1024x638.jpg 1024w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-300x187.jpg 300w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-768x478.jpg 768w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-1536x957.jpg 1536w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-2048x1276.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n<\/div><\/article><\/div><\/div>\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-acc7790\" data-block-id=\"acc7790\"><style>.stk-acc7790 {height:35px !important;}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">7. Reliable expert support and system development<\/h3>\n\n\n\n<p>Don&#8217;t forget about the importance of reliable expert support for the implemented solution. <\/p>\n\n\n\n<p>Look for a software vendor that offers responsive post-project support to assist you with problems or system development needs.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-9f4d56b\" data-block-id=\"9f4d56b\"><style>.stk-9f4d56b {height:35px !important;}<\/style><\/div>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><a href=\"https:\/\/www.balkanservices.com\/blog\/en\/why-post-project-development-and-expert-support-are-key-to-business-software-effectiveness\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read more: Why post-project development and expert support are key to business software effectiveness<\/a><\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-5950d59\" data-block-id=\"5950d59\"><style>.stk-5950d59 {height:35px !important;}<\/style><\/div>\n\n\n\n<p>Need support selecting an ESG solution?<\/p>\n\n\n\n<p>You&#8217;re not alone. Many companies are still navigating the process.<\/p>\n\n\n\n<p>Don&#8217;t hesitate to contact us, our consultants are here to assist.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-f386c0f\" data-block-id=\"f386c0f\"><style>.stk-f386c0f {height:35px !important;}<\/style><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.balkanservices.com\/kontakti\" target=\"_blank\" rel=\"noreferrer noopener\">Contact us >><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>7 criteria for ESG software selection Companies are beginning to look at ESG reporting solutions for a variety of reasons, but the main one is efficient data collection to save valuable time and resources. A key benefit of specialist sustainability reporting solutions is that they minimise manual data entry, streamlining processes and increasing productivity. ESG [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":5233,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[259],"tags":[],"class_list":["post-5238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esg"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>7 criteria for ESG software selection - Balkan Services<\/title>\n<meta name=\"description\" content=\"What to look out for when choosing the right sustainability reporting solution for your company, learn from our blog &gt;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.balkanservices.com\/blog\/en\/seven-criteria-for-esg-software-selection\/\" \/>\n<meta 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