Challenges faced by the FMCG client
The client faced several challenges in their Environmental, Social, and Governance (ESG) journey. Key issues included a significant gap in domain-specific knowledge and capacity, which hindered their progress. Employees were not fully aware of the organisation’s ESG focus areas, complicating alignment efforts. The absence of robust processes to identify, collect, calculate, and present ESG data resulted in accurate reporting. Without a strategic improvement roadmap, the path to enhancing ESG performance remained unclear. Additionally, there was also a critical need for organisation-wide learning and sensitisation on ESG principles and the Business Responsibility and Sustainability Reporting (BRSR) framework.
Implementing GovEVA for enhanced ESG reporting
GovEVA developed a comprehensive three-part video module to sensitise all organisational teams. The module covered the tenets of ESG, compliance requirements for BRSR, and the client’s commitment to ESG. The deployment of the BRSR Automation Platform streamlined processes by eliminating the need for separate Excel spreadsheets or emails, allowing for efficient referral of BRSR disclosures to multiple individuals, and centralising report management. Each question underwent a maker/checker review to ensure high-quality outputs. As data was entered, it generated real-time BRSR outputs in the precise SEBI-prescribed format. Automated reminders and notifications ensured timely completion of all tasks. The GovEVA platform processed raw data from different locations and performed the required complicated calculations for presentation in the BRSR format effectively. This holistic approach enabled the client to effectively enhance their ESG capabilities.
Outcomes
The implementation of the BRSR Automation Platform resulted in impressive outcomes for the client. It led to a significant 67% reduction in report generation time. The platform consistently produced outputs with a high degree of accuracy. Its automated status tracking feature facilitated efficient escalations, optimising the entire process and ensuring timely completions.
Grant Thornton Bharat ties up with GovEVA
Our recent strategic collaboration with GovEVA, a leading digital ESG SaaS provider, enhances our ability to support your ESG journey. Together, we offer real-time ESG tracking, adherence to global standards (GRI, SASB, BRSR), robust data validation, and AI-driven reporting. GovEVA significantly enhances ESG performance and compliance, thereby creating substantial value for all stakeholders.
