ESG and sustainability requirements are evolving rapidly, with transparent and timely reporting and sustainability data being top of mind for the asset management industry. KPMG Partners Harvinder Bhatia and Tania Carnegie discuss why a global asset management company selected Unqork as the tool of choice for collecting and reporting ESG and sustainability data for their sustainability fund.
Leveraging ESG to create value
"More than a reporting exercise, it's about helping these companies to really realize the full potential of ESG and how that can derive enhanced value for their business by having a more formalized but right-sized process," said Carnegie.
However, there are a number of barriers to bringing a successful ESG program to fruition, according to Carnegie, including:
- A lack of confidence in the completeness and accuracy of ESG data
- A lack of talent with expertise in ESG measurement and reporting
- The constantly changing and expanding scope of ESG
Bringing the power of codeless to ESG
Together with its private asset client, KPMG leveraged the power of Unqork's Codeless as a Service (CaaS) platform to solve for all of these issues.
"Unqork is really, really good at integrating with legacy systems, as well as integrating directly with the portfolio companies to source the data and bring it in in one single place," said Bhatia.
Besides solving the data problem, automation helps make the most of the skills and expertise in existing ESG talent. And the ability to build and iterate quickly with CaaS enabled KPMG's client not only to get to an MVP quickly, but also adjust quickly as data and reporting needs change.
"The reason our private asset client picked Unqork for its ESG solution were fast time to market, the ability to make rapid iterations, and ease of customization," Bhatia explained. "We love Unqork for ESG because we were able to very quickly incorporate logic within the application, as well as connect with their tools for more analysis and the analytics that they wanted to run."