What does Anaplan offer for ESG reporting and planning?
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Today we explore how Anaplan supports organisations in managing and improving their sustainability initiatives. From integrating ESG data to enhancing stakeholder engagement, Anaplan offers a comprehensive suite of tools to help you achieve your sustainability goals. Dive in to learn more about the platform’s capabilities and how it can drive meaningful progress in your sustainability efforts.
Chris Roe is a Solution Consultant at Bedford, helping customers to understand the value of Anaplan within their own organisation. Chris has 10 years’ experience in the Enterprise Performance Management space, successfully implemented and overseeing the delivery of several different solutions for our customers.
How does the tool help in tracking and reporting ESG metrics and compliance with regulations?
Anaplan offers a robust platform for tracking and reporting Environmental, Social, and Governance (ESG) metrics, helping organisations comply with regulations and to achieve their sustainability goals with features such as double materiality assessment, cross-functional reporting, and XBRL tagging (which has been made possible with the acquisition of Fluence Technologies.)
The modelling capabilities allows organisations to perform scenario analysis and plan initiatives in real-time to meet GHG emission targets and other sustainability goals; by providing insights into exposures and compliance risks associated with ESG initiatives. Finally, the platform ensures connected planning, tracking and reporting of ESG metrics from all functions and departments, which is crucial for compliance. Anaplan facilitates integration of data from various sources, ensuring accurate and timely insights for regulatory reporting.
What features does the tool offer for managing and improving sustainability initiatives?
Anaplan provides a comprehensive suite of features to help organisations manage and improve their sustainability initiatives. The platform supports industry or regional ESG reporting requirements and integrates data for internal and regulatory reporting. One example of how this is achieved is through the climate scenario analysis module, which helps organisations forecast the impact of different sustainability initiatives, enabling more informed decision-making. This includes calculating metrics like the Green Asset Ratio. This enables organisations to forecast and anticipate future challenges, allowing them to adjust their plans to stay on track with their targets or even surpass them.
Anaplan also provides tools to manage strategic KPIs and regulatory reporting requirements, including features which allows business units and management to communicate and align their ESG targets and objectives. These features collectively help organisations not only comply with regulations but also drive meaningful progress towards their sustainability initiatives and reach their goals.
With Anaplan’s collaborative platform, teams can align on ESG goals and track progress against sustainability benchmarks across departments.
Can the tool integrate with existing systems to provide a comprehensive view of our ESG performance?
Yes, Anaplan can integrate with existing systems to provide a comprehensive view of your ESG performance, providing a unified view of data across various business units. This interconnectedness allows for real-time decision-making and comprehensive tracking of ESG metrics. It offers flexible extensibility and integration options, including built-in and third-party extensions. This means you can integrate data from multiple sources, ensuring that all relevant information is included in your ESG reporting.
The platform supports integrations through a limited REST-based API for bulk and transactional data integration, native integration to AWS S3, Google Big Query, and Azure, as well as connectors for industry-leading ETL (Extract, Transform, Load) and ESB (Enterprise Service Bus) tools, such as Informatica, MuleSoft, Dell Boomi, and SnapLogic. These integration options, facilitate the automation and scheduling of data imports and exports, making it easier to maintain up-to-date ESG data.
How does the tool support stakeholder engagement and communication regarding our ESG efforts?
Anaplan provides real-time, transparent reporting on ESG metrics, which helps build trust with stakeholders by ensuring they have access to accurate and up-to-date information. The platform facilitates collaboration across different departments and teams, enabling a unified approach to ESG initiatives, whilst also ensuring that all stakeholders are aligned and can contribute to the organisation’s sustainability goals.
Customisable dashboards that can be tailored to the needs of different stakeholders, provide a clear and concise view of ESG performance, making it easier to communicate progress and areas for improvement. Additionally, it ensures that all stakeholders have access to the most important information, enabling deeper insights and more impactful business plans. By leveraging these capabilities, Anaplan helps organisations achieve a comprehensive and real-time view of their ESG performance, enhancing transparency and accountability.
Finally, features such as scenario planning enable organisations to model different sustainability scenarios and their potential impacts. This helps engage stakeholders by demonstrating the long-term benefits of various ESG initiatives.
What analytics and reporting capabilities does the tool provide to measure the impact of our CSR programmes?
Anaplan offers a range of analytics and reporting capabilities to help measure the impact of Corporate Social Responsibility (CSR) programmes. The platform allows users to create customisable dashboards that can display key CSR metrics and KPIs. This helps visualise the impact of CSR activities and support your organisation to make data-driven decisions. Whilst, using “what-if” to simulate the possible outcomes of various CSR initiatives is essential when planning and optimising CSR strategies.
Features such as driver-based planning links CSR initiatives to business drivers and outcomes, both direct and indirect impacts on the organisation. By integrating data from various source and providing a comprehensive view of CSR performance, all relevant information is included in the analysis and reporting. Automation reduces the time and effort required to generate CSR reports. These features collectively help organisations measure, analyse, and report the impact of their CSR programmes effectively.
We have answered many other frequently asked questions, if you are interested to find out more why not have a look at our other blogs here.
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