Worldfavors Sustainability data framework builds on existing reporting regulations, framework and initiatives, as well as globally recognized guidelines and principles. The framework is created with business-to-business ESG data sharing needs in mind and includes a selection of standardized KPIs and questions any company can, and is expected to, be transparent about.
Stockholm. To reach transparency at scale, companies need a way to share standardized and comparable ESG information. Using Worldfavor allows sharing and accessing sustainability information across companies digitally, making sustainability mainstream.
Worldfavor allows any company, in any phase of their sustainability journey, to create a Transparency profile to share, access, and analyze their own or others' sustainability performance. Worldfavor's sustainability data framework covers standard Environmental, Social, Governance (ESG) data, disclosures of how reporting regulations, standards, and initiatives – making it a breeze for companies to stay relevant in the current ESG-landscape. Worldfavor continually reviews the market needs and development around ESG regulations and reporting. As these evolve, so will our framework, ensuring relevant KPIs and metrics, today and tomorrow.
Give your stakeholders the ESG information they need with Worldfavor's Sustainability data framework
The Worldfavor Sustainability data framework builds on Environmental, Social and Governance topics based on a comprehensive analysis of existing reporting standards, frameworks, initiatives, and regulations. With it, you can report your company’s activities to give your stakeholders the ESG information they need. Whether your company is big or small, has come a long way, or is just beginning your sustainability journey, our framework allows you to answer the topics relevant to your business and stakeholders.
The Worldfavor Sustainability data framework covers 8 regulations and initiatives, 18 ESG topics, and hundreds of standard KPIs and frameworks, like the EU Taxonomy, SASB, GRI Standards, and the Science-Based Target Initiative – making sure you cover everything from your environmental impact to SFDR and the GHG Protocol and more.
The data sets are standardized, making them comparable and scalable in the long term. What’s more, Worldfavor’s platform offers a comprehensive, easy-to-use user interface that makes it hassle-free for you to manage all your sustainability information.
How the Sustainability data framework works
- Use the Sustainability data framework (in Worldfavor's different solutions), to access the ESG data you need to align with leading frameworks, regulations, and initiatives – all in one place.
- Access the ESG data relevant to your company; what Environmental, Social and Governance practices do your suppliers, portfolio companies, or other organizations of interest have in place and what practices are they planning to implement? Not all topics are relevant for all companies, so you naturally only report on those that apply to yours.
- Uncover ESG risks and opportunities and maximize your impact. Fully digital and automated – we provide you with the easiest way to access the insights you need!
The Worldfavor Sustainability data framework is all you need for your company to be able to share and access the ESG information that's essential in your business relations and understand your own performance.
To learn more about the Worldfavor sustainability data framework, explore our white paper here.
