Compliance with sustainability standards and indicators

In a globalized society it is necessary to align corporate strategies with the collective commitment to improve the productive development model under ESG criteria.

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Compliance with sustainability standards and indicators

In a globalized society, it is necessary to align corporate strategies with the collective commitment to sustainable development under ESG criteria. Crucial to this is compliance with each country's regulatory floor, which addresses every aspect of key ESG standards such as environmental, social and corporate governance regulation.

Easily report

A clear form allows data to be reported and evidence of compliance to be uploaded.

Alert messaging

All activities, such as assignments, rejections, delays and others are notified via e-mail and within the platform to streamline processes and avoid excessive requirements.

User-friendly dashboard

Graphical environment that functions as a control panel for the management of activities by user and the different units to which they have assigned activities.

The main ESG Standards

Reports according to the main global standards and also under local regulations.

In a globalized society it is necessary to align corporate strategies with the collective commitment to improve the productive development model under ESG criteria.

In a globalized society, it is necessary to align corporate strategies with the collective commitment to sustainable development under ESG criteria. To this end, it is crucial to comply with each country’s regulatory floor, which addresses every aspect of key ESG standards such as environmental, social (such as labor and health and safety) and corporate governance (corporate structures, crime prevention, tax rules), which has brought the principles of corporate social responsibility (CSR) to corporate sustainability management as an essential management framework in the corporate business strategy. This integrated approach in turn enables operational excellence to be achieved by setting global and local standards that strengthen each company’s operational unit. This approach seeks to focus efforts on the operational management of the business with the strategic objectives, avoiding double efforts and requiring special teams to control compliance with the standards and regulations of the companies, but collecting data from the management processes.

Sustainability indicators

Indicators allow us to measure and control key business operations. The need to comply with multiple regulations and standards, the various indicators must be aligned in order to limit the information requirements to the key material aspects (defined in the same corporate sustainability strategy). This implies mapping the management processes that must feed the indicators and the mechanisms for aggregating operational data into strategic indicators.

This also makes it possible to achieve two essential objectives for a good indicator: to make it available in an accessible and timely manner to support decision-making. Secondly, it allows precise traceability of the data and the detection of weak points that limit the achievement of the defined goals.

Integrating operational processes with real-time sustainability reporting is also a desirable objective as it ensures efficiency and effectiveness in information management. The digital transformation that the world is undergoing aims to enable companies to have more and more real-time data that must then be processed for use.

That is why at SIGEA we use technologies such as IoT, Big Data, Data Lake and Machine Learning to collect data efficiently. In this way, we ensure management and compliance with local regulations with updated data.

SIGEA integrates direct sources of information with the most convenient periodicity to make indicators available in a timely and reliable manner, managing the traceability of each data and its verification evidence.

This allows precise decisions to be made in a short period of time, ensuring that compliance with regulatory verticals that respond to ESG criteria goes hand in hand with the company’s specific activities.

Compliance with standards and CSR

Environmental regulatory compliance must be complemented with an adequate adoption and management of standards that strengthen the sustainability of companies and projects in different areas and with a more comprehensive and holistic view, generating a framework of operational excellence which must have an accurate compliance plan.

SIGEA makes it possible to systematize corporate standards and define the mechanisms and forms of compliance, providing tools that facilitate the process of identifying those responsible and information validation chains.

Assigns responsibilities

SIGEA’s corporate compliance module is built to facilitate the management of environmental indicator information within a large corporation.

It allows to build the corporate structure of the corporation and from there to start assigning reporting responsibilities, disaggregating the information requirements.

This ensures a chain of responsibility for the collection and validation of data, as needed, for immediate integration up the hierarchy.

In addition, it allows configuring these actions with the actual frequency of the data, facilitating the work within each business unit through compliance schedules with alerts to users, avoiding excessive requirements during the period of the year in which the report is usually prepared.

Reportability

Automates and facilitates reporting on the sustainability of operations, and the degree of environmental and social responsibility of the organization.

The construction of the reporting activities is easy and intuitive, generating through the use of TAGs or tags the information requirement for the user, allowing to configure different frequencies and define the necessary evidence of compliance to support the data that users are entering into the platform.

Generates reports for the main international standards:

DJSI

The Dow Jones Sustainability Index (DJSI) is an index launched in 1999 to evaluate the performance of thousands of publicly traded companies against ESG criteria.

In turn, it has become a key tool for investors, who have found a safe zone in sustainable companies.

GRI

Independent organization that defined the global standards for sustainability reporting, the GRI standards. They are the most widely used to publicly expose the ESG impacts of an organization.

SASB

The Sustainability Accounting Standards Board SASB is an independent, not-for-profit organization that develops sustainability accounting standards for public companies, with the objective of facilitating the disclosure of relevant and useful information for investor decision-making.

Local regulatory

Our software allows the incorporation of local regulations to facilitate reporting in each country:

Europe – CSRD or Corporate Sustainability Reporting Directive

CSRD or Corporate Sustainability Reporting Directive requires companies to report on impacts, risks and opportunities related to governance, environmental and social factors as described in various ESRS standards and requires assurance of the information presented through audits.

Chile – NCG 461: General Standard 461

It is the General Standard No. 461 issued by the Financial Market Commission (CMF) in Chile, which incorporates sustainability and corporate governance issues in the Annual Report of supervised entities.

Thus, banks, insurance companies, issuers of publicly offered securities, general fund managers and stock exchanges operating in the country must report the policies, practices and goals adopted in environmental, social and governance matters, better known as ESG criteria.

Colombia – External Circular 100-000010

External Circular 100-000010 of the Superintendency of Companies of Colombia establishes administrative recommendations for corporate sustainability reports. It applies to entities under its oversight with significant revenues or assets, outlining criteria by sectors such as mining, manufacturing, construction, tourism and telecommunications.

It focuses on transparent presentation, risk assessment, and effective follow-up, detailing key elements of the report, such as international standards, sustainability context and strategy, and assignment of responsibilities.

Ratings

An Environmental, Social, and Governance (ESG) rating is a tool for analyzing and positioning the performance of companies based on ESG criteria, evaluating their environmental, social responsibility and corporate governance performance.

These assessments are strategic inputs for investors to identify risks and opportunities, contributing to the development of active and passive sustainable investment strategies.

Bloomberg’s comprehensive ESG datasets
CDP Scores (Carbon Disclosure Project)
S&P Global ESG Scores
Moody’s ESG (Vigeo-Eiris)
MSCI (Morgan Stanley Capital International) ESG Ratings
ISS (Institutional Shareholder Services) ESG Ratings & Rankings
Sustainalytics ESG Risk Ratings
EcoVadis**
Kinder, Lydenberg, and Domini (KLD)
Corporate Knights Global 100
Thomson Reuters ESG Research Data
Refinitiv ESG Scores
GRI with European taxonomy

Compliance with sustainability standards and indicators

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