Author: Sarah Shannon

Cut Costs, Save Time, and Stay Competitive: How VSME Transforms SME ESG Reporting

By Sarah Shannon

Back to News posts

Sustainability reporting has long been a challenge for SMEs, often burdened with multiple ESG data requests, inconsistent reporting formats, and high administrative costs. Sound familiar? There is a solution. The European Financial Reporting Advisory Group (EFRAG) has now introduced the Voluntary Sustainability Reporting Standard for SMEs (VSME)—a simple, structured, and standardised framework designed to make ESG reporting more accessible for small and medium-sized enterprises.

As a sustainability platform that helps organisations collect ESG data, we see VSME as a much-needed and welcome step forward. It eliminates the complexity that often discourages SMEs from engaging in sustainability reporting, making it easier to track progress, integrate sustainability into business strategies, and unlock new opportunities.

The ESG Reporting Struggles for SMEs

Until now, SMEs have faced significant challenges when it comes to ESG reporting. Many businesses have struggled with:

  • Multiple, unstructured requirements – Different stakeholders request ESG data in varying formats, leading to inefficiencies and duplication of work.
  • Limited time and expertise – Many SMEs lack dedicated sustainability professionals or the internal knowledge to gather data and prepare reports.
  • High costs – Responding to ESG data requests or hiring sustainability experts can be a costly and time-consuming process.
  • Missed opportunities – Without a structured and recognised way to provide ESG data, SMEs risk losing contracts, investment opportunities, and access to green financing.

This lack of standardisation has created an unnecessary burden, making ESG reporting seem more complex than it needs to be.

How VSME Simplifies ESG Reporting

Fortunately, the VSME framework removes much of this complexity by introducing a clear, streamlined approach that is specifically designed for SMEs.

Here’s how it makes ESG reporting easier:

  1. The “If Applicable” Principle – Unlike other frameworks, VSME only requires SMEs to report on ESG topics that are actually relevant to their business. There is no need for a materiality assessment, which saves time and effort.
  2. A Clear and Simple Reporting Process – The framework uses straightforward terminology, predefined reporting templates, and avoids technical jargon, ensuring SMEs can provide information in a structured and efficient way.
  3. Checklist-Based Disclosures – Instead of lengthy written explanations, ESG disclosures are structured as multiple-choice questions or quantitative data points, significantly reducing the effort required.
  4. A Modular Approach for Flexibility:
    • Basic Module: Helps SMEs meet fundamental ESG expectations and simplify reporting for clients and lenders.
    • Comprehensive Module: Incorporates the Basic Module but also allows SMEs to secure investment and position themselves as sustainability leaders.
  5. No Mandatory Public Disclosure – Unlike some ESG frameworks, VSME does not require SMEs to make their reports publicly available, giving businesses greater control over their sustainability information.

By following these simplified reporting steps, even the smallest businesses can now engage in sustainability reporting without the overwhelm of unnecessary complexity.

The Strategic Advantages of VSME for SMEs

For SMEs considering ESG reporting, adopting the VSME framework offers a range of key benefits, including:

  • Reducing inefficiencies in ESG reporting – Avoid the administrative burden of responding to multiple questionnaires, cut costs, and save valuable time.
  • Improving access to financing – By demonstrating sustainability commitments in a structured format, SMEs can strengthen loan applications, attract sustainability-focused investors, and access green finance opportunities more easily.
  • Strengthening business relationships – Many large companies now require ESG data from their suppliers. Adopting VSME allows SMEs to meet supply chain sustainability requirements, ensuring they remain competitive and avoid losing contracts due to a lack of ESG data.
  • Preparing for future regulations – While VSME is currently voluntary, ESG disclosure requirements continue to evolve. Adopting this framework now ensures businesses are well-prepared for potential regulatory changes, reducing the risk of disruption in the future.
  • Enhancing market position – By improving brand reputation and demonstrating responsible business practices, SMEs can attract sustainability-conscious customers, investors, and business partners, setting themselves apart from competitors.

How a Sustainability Platform Can Help

For SMEs already tracking ESG data—or those looking to start—a sustainability platform, like Pulse Market can make the entire process even easier. With the right tools in place, businesses can:

  • Standardise ESG data collection in alignment with the VSME framework.
  • Reduce the reporting burden by automating data gathering and structuring reports efficiently.
  • Gain a competitive edge by demonstrating ESG commitment with minimal effort.

Is VSME the Right Choice for Your Business?

If you are an SME, it is worth considering whether the VSME framework could be the right fit for you. Ask yourself:

  • Are stakeholders (such as clients, lenders, or investors) requesting ESG data?
  • Does your business already track sustainability metrics, but struggles with reporting?
  • Would standardisation help reduce the complexity and costs of ESG reporting?
  • Do you want to stay ahead of future regulations and position yourself as a sustainability leader?

If you answered yes to any of the above, then we can help simplify sustainability reporting, reduce administrative burdens, and open new doors for business growth. Now is the time to take action and build a solid foundation for future ESG reporting.

Contact Us – Pulse Market to book a demo

The Power of the B Corp and How It Shapes Businesses for the Greater Good

By Sarah Shannon

Back to News posts

Let’s talk about B Corp. B Corp certification isn’t just about earning a title—it’s about embracing a mindset that prioritises people, planet, and profit.

Whether a company fully commits to the certification process or simply follows its principles, the B Corp framework offers a valuable guide for businesses striving to do better.

And let’s face it—business as usual is no longer an option. Consumers, employees, and investors are all looking for companies that take responsibility and actively contribute to a more sustainable future.

So, how exactly does the B Corp movement influence business behaviour? And why should organisations—big or small—consider embedding its guiding principles into their strategy? Let’s dive in.

1. A Blueprint for Business as a Force for Good
More and more, businesses are realising that success isn’t just measured in financial terms.

The companies that thrive are those that commit to making a positive impact. B Corp provides a framework to ensure that businesses walk the talk.

It’s not just about following regulations—it’s about a deeper commitment to responsible business practices that drive innovation while staying true to ethical principles.

This movement is powered by a new generation of professionals who see business as more than just profit margins—it’s about fostering collaboration and making a difference.

2. More Than a Badge—A Framework for Accountability
One of the biggest misconceptions about B Corp is that it’s just another certification to add to a company’s resume.

But in reality, it’s a structured way to measure, improve, and hold businesses accountable for their impact.

It provides a solid framework for understanding where a company stands, identifying areas for improvement, and ensuring that ESG commitments translate into real action.

Even companies that don’t pursue certification can use the B Corp standards to set meaningful sustainability and ethical business goals.

3. Attracting the Right Investors, Employees & Customers
Businesses don’t operate in a vacuum.

Whether it’s investors, employees, or customers, people want to engage with companies that align with their values.

B Corps—and businesses that embrace similar principles—benefit from the trust and credibility that come with a purpose-driven approach.

Employees are increasingly drawn to organisations that prioritise ethical business practices, diversity, and sustainability.

Companies with a strong mission see higher retention rates, stronger workplace culture, and increased productivity.

On the customer side, buying habits are shifting—people want to support businesses that operate ethically and transparently.

Holding brands accountable isn’t just a consumer trend; it’s a growing expectation that businesses can’t afford to ignore.

B Corp provides the framework to guide this cultural transformation, making organisations more resilient and future-proof.

4. Sustainability Drives Efficiency & Profitability
It’s a common myth that focusing on sustainability and social impact comes at a cost.

In reality, companies that integrate responsible business practices often become more efficient and profitable.

Sustainable supply chains, energy-saving initiatives, and ethical sourcing not only benefit the planet but also lead to long-term financial savings.

The B Corp framework helps businesses identify these opportunities for efficiency while keeping their impact at the core of their operations.

5. Preparing for the Future: Regulations & Risk Management
Governments and regulatory bodies are moving towards stricter sustainability requirements.

Businesses that get ahead of these changes will be in a stronger position.

Companies following the B Corp model are naturally better prepared for evolving compliance standards, giving them an edge in managing risk.

But achieving B Corp status isn’t the final destination—it’s a milestone on the way to something bigger.

The real objective is continuous improvement, ensuring that businesses keep evolving, adapting, and pushing themselves to be better.

One day, all businesses may be operating to B Corp, or equivalent, standards as a minimum.

That’s the long-term vision we should all be aiming for.

Conclusion
At its core, the B Corp movement isn’t just about getting certified—it’s about creating businesses that make a real difference.

Whether a company officially pursues B Corp status or simply adopts its principles, the framework provides a powerful tool for driving positive change.

So, where does your business stand?

Whether you’re just starting out or well on your way, embedding B Corp principles can shape a more sustainable, responsible, and resilient future—for your company and the world around it.

Take the Next Step
If you’re looking to build a stronger, more responsible business, check out our B Corp Readiness Plan.

Get specialist expertise and practical guidance to evidence your way to B Corp status. Let’s make business a force for good—together.

How Pulse Market can save you money

By Sarah Shannon

Back to News posts

Every business is unique and how you allocate resources to navigate your ESG journey is dependent on your strategy and goals. As organisations develop their sustainability strategies, many businesses may not be ready to commit to hiring an in-house sustainability professional due to the significant costs and challenges involved. Instead, they should consider alternative solutions.

Here are key reasons why hiring may not be the most best option for your organisation: 

  1. High Salary and Associated Costs

An inhouse sustainability professional requires a competitive salary and additional benefits, which add up quickly. Check out the example costs below:

  • Annual Basic Salary: €50,000 
  • Annual Bonus: €2,000 
  • Employer NIC Contributions: €5,920.20 
  • Pension Contributions (3.5%): €2,026.21 
  • Private Medical Insurance: €2,000 
  • Company Electric Car: €5,000 
  • Shares/Equity (4.5% of Total Salary): €2,606.41 
  • Total Salary Cost: €57,920.20 + Benefits 

  1. Onboarding and Recruitment Expenses

Hiring an employee is costly beyond just salary. Consider these additional expenses: 

  • Advertising Costs: €30 
  • Agency Fees (2.5% of Base Salary): €1,250 
  • Training Costs (5% of Base Salary): €2,500 
  • Office Setup: €8,000 
  • Communications (Internet, Mobile, etc.): €2,500 
  • Line Manager Resource (12% of Total Salary): €6,950.42 

  1. Ongoing Administrative and Management Costs

  • HR management and payroll processing 
  • Performance tracking and professional development 
  • Legal compliance and regulatory considerations 

  1. Scalability and Flexibility Issues

  • Hiring is a long-term commitment and difficult to scale up or down. 
  • A single employee may not have the diverse expertise required to cover all sustainability aspects. 

Why Our Sustainability Platform is the Smarter Investment 

By choosing our sustainability platform instead of hiring an employee, you: 

  • Save Money: The cost of a software license is significantly lower than the total cost of employing someone. 
  • Access Expertise: Our team of sustainability consultants are on hand to guide and train you, eliminating the need for specialised hires. 
  • Ensure Compliance: Automated updates keep your company aligned with evolving regulations. 
  • Increase Efficiency: AI-driven analytics and reporting reduce manual workload. 
  • Scale Effortlessly: Our platform adapts to your growing business needs without additional staffing costs. 
  • Store data once and use multiple times – manage all your ESG data in one place to replace excel spreadsheets and the headache of data scattered across SharePoint

For a fraction of the cost of hiring a sustainability professional, our platform and consultants provide comprehensive, up-to-date sustainability management, compliance tracking, and reporting—allowing you to achieve your environmental goals more effectively and efficiently. 

Get in touch today

Let’s discuss our rate card and explore what are platform can do for your business.

Why ESG is No Longer Just for Big Corporations

By Sarah Shannon

Back to News posts

A Beginner’s Guide to ESG Strategies for SMEs

For a long time, ESG (Environmental, Social, and Governance) strategies were mostly associated with big corporations and financial institutions. But now, the ripple effects of international sustainability standards and policies are reaching small and medium-sized enterprises (SMEs) too. Thanks to global supply chains and increasing regulatory expectations, SMEs are feeling the pressure to step up their sustainability game. Large companies and financial institutions want more transparency from their suppliers, and that means SMEs need to rethink how they approach ESG.

So, what’s the big challenge?

✅ Customers and partners expect SMEs to take ESG seriously.

❌ But many SMEs don’t have the resources or structured processes that bigger companies do.

The real struggle isn’t just identifying ESG gaps—it’s figuring out what to do next. Too often, businesses stall after a gap analysis because there’s no clear action plan. Without a well-thought-out approach, ESG becomes just another compliance checkbox rather than a real business driver.

However, SMEs that embed ESG into their overall business strategy instead of treating it as a reporting requirement are setting themselves up for long-term success. When ESG efforts align with business goals, SMEs gain a competitive edge—especially as larger clients and supply chain partners demand more sustainability measures. And here’s a tip: framing ESG in terms of risk, impact and opportunity (known as double materiality) gets the attention of executives and board members.

The good news? In December 2024, the European Financial Reporting Advisory Group (EFRAG) introduced the Voluntary Sustainability Reporting Standard (VSME) for non-listed SMEs. This new standard makes ESG reporting more accessible without the complexity of larger corporate regulations like the Corporate Sustainability Reporting Directive (CSRD).

Before we get to the reporting let’s get back to basics and understand why ESG really matters for SMEs today.

What is ESG?

ESG boils down to three key areas:

  • Environmental: Sustainable resource use, carbon footprint reduction, waste management.
  • Social: Employee well-being, diversity and inclusion, community engagement, ethical sourcing.
  • Governance: Transparent decision-making, regulatory compliance, ethical leadership.

Why ESG Matters for SMEs

Here’s why prioritising ESG is a smart move for SMEs:

  1. Investors Are Watching – About 40% of venture capitalists now consider ESG factors when making investment decisions. If you’re a mission-driven business, this could make you more attractive to funding.
  2. Consumers Care – Around 70% of consumers are willing to pay more for sustainable products, and that number keeps growing.
  3. Operational Efficiency Pays Off – Sustainability efforts like energy efficiency and waste reduction lead to cost savings.
  4. Stronger Market Position – A solid ESG strategy can enhance your brand reputation and attract more customers.
  5. Regulatory Readiness – Compliance with ESG regulations isn’t just about avoiding penalties—it’s about staying ahead of industry trends.

How to Get Started with ESG

1. Measure Your Impact

Start by assessing your carbon footprint and social responsibility efforts. Tools like Pulse Market can help manage, track and improve your ESG metrics. Even small changes—like reducing energy use or choosing responsible suppliers—can lead to meaningful results.

2. Set Practical Goals

Your ESG goals should be specific, realistic, and aligned with your business strategy. Avoid vague commitments and aim for measurable targets.

3. Integrate Sustainability into Daily Operations

  • Cut down on energy consumption and waste.
  • Opt for eco-friendly suppliers and materials.
  • Promote workplace diversity and inclusion.

4. Build a More Inclusive Workplace

  • Conduct diversity audits and set clear targets.
  • Foster a company culture where every employee feels valued.
  • Remember that inclusive teams drive innovation and better decision-making.

5. Strengthen Your Governance Practices

  • Establish clear ethical guidelines and transparent decision-making processes.
  • Develop an ESG task force to ensure alignment with business goals.
  • Make governance a proactive, not reactive, effort.

6. Engage with Stakeholders

  • Keep employees, customers, suppliers, and investors informed about your ESG efforts.
  • Show tangible progress to build credibility and trust.

7. Track and Report Progress

  • Use key performance indicators (KPIs) to measure ESG success.
  • Regularly publish updates on your sustainability initiatives.

Overcoming Common ESG Challenges

💡 Limited Resources? Start with small, cost-effective changes and expand over time.

💡 Lack of Awareness? Educate employees and stakeholders about ESG benefits.

💡 Regulatory Complexity? Stay informed on laws and best practices to avoid compliance risks.

Time to Take Action!

Financial stability and ESG alignment go hand-in-hand. When ESG becomes part of your commercial strategy rather than just a compliance burden, you create real business value and long-term success.

Final Thoughts

Adopting ESG isn’t just about ticking boxes—it’s about future-proofing your business. By taking small but meaningful steps today, SMEs can contribute to a more sustainable world while staying competitive in an evolving market. The key is to start now and build from there!

Why not check out our ESG Discovery designed for SMEs like yours.

From Chaos to Clarity: Why Smart ESG Data Management is a Game-Changer for Companies

By Sarah Shannon

Back to News posts

The Benefits of ESG Data Management for Businesses

The demand for transparency in Environmental, Social, and Governance (ESG) data practices is skyrocketing. The thing is, investors, regulators, and consumers aren’t just asking for ESG—they’re expecting it. But truthfully, as ESG compliance shifts from a “nice-to-have” to a business necessity, many companies are struggling to keep up with the ever-growing data demands from multiple stakeholders.

ESG: More Than Just a Buzzword

You see, ESG isn’t just about checking boxes—it’s about making a real impact. It evaluates how businesses operate responsibly across three key areas:

  • Environmental impact (e.g., carbon emissions, waste management)
  • Social responsibility (e.g., employee well-being, diversity, and inclusion)
  • Governance structures (e.g., ethical leadership, transparency, risk management)

While many companies claim to have ESG strategies in place, the reality is that managing the data behind these initiatives is a logistical nightmare. In other words, without structured processes, ESG reporting becomes a mess—fragmented, unreliable, and, worst of all, non-compliant with global and regional standards like CSRD, SECR, and ISSB.

The End of Greenwashing: Here’s Why ESG Data Governance Matters

The thing is, regulatory bodies worldwide are cracking down on greenwashing—those misleading sustainability claims companies use to look good on paper. But surprisingly, many organisations still don’t have the right infrastructure to ensure accurate and trustworthy ESG reporting.

Here’s why that needs to change: a robust ESG data management platform helps businesses simplify ESG data management, ensuring compliance, transparency and audit ready.

With the right ESG data governance framework, businesses can:

✅ Ensure data integrity – Say goodbye to errors and inconsistencies.

✅ Meet regulatory requirements – No more last-minute compliance scrambles.

✅ Boost efficiency – Automate ESG data collection and validation.

✅ Minimise risk – Avoid reputational and financial disasters.

✅ Build stakeholder trust – Show investors and customers you mean business.

How the Right ESG Platform Can Turn Chaos into Clarity

Let’s be real—most companies are drowning in ESG data, trying to juggle spreadsheets across multiple teams and locations. In short, it’s a mess. But thankfully, automated ESG data management is changing the game.

With the right ESG data management tools, you can:

  • 📊 Streamline data collection across the entire value chain
  • 🤖 Eliminate manual errors with smart analytics
  • 📈 Stay compliant with sustainability frameworks
  • 🔍 Turn raw data into real-time insights for smarter decision-making

In other words, if your organisation is still relying on spreadsheets, it’s time to rethink your strategy. The future is digital, and smart ESG data management isn’t just helpful—it’s necessary.

Driving a Sustainable Future

The thing is, ESG isn’t just about regulations—it’s about building a resilient and future-proof business. Companies that embed ESG into their core operations are leading the way, cutting carbon footprints, advancing social equity, and ensuring transparent governance.

So, what’s next? Well, emerging trends like renewable energy, circular economies, and social impact initiatives are shaping the future. But the companies that will truly thrive are those that take ESG seriously—not just for compliance, but for real change.

In short, if you want to lead, the best time to act is now. Get structured, get digital, and get ready—because ESG isn’t just the future, it’s the present.

So from chaos to clarity—smart ESG data management isn’t just an upgrade, it’s a game-changer. The question is, are you ready to take the lead?

See ESG Data Management in Action!

Book a quick demo and discover how easy ESG data management can be on our Pulse Platform..

Cracking the ESG Code: Common Challenges and Tech Fixes

By Sarah Shannon

Back to News posts

Why ESG Matters Now More Than Ever

Have you considered Environmental, Social, and Governance (ESG) practices aren’t just a nice-to-have anymore—they’re essential? Businesses today are under growing pressure from clients, regulators, and investors to prioritise sustainability and transparency. It’s not just about being good to the planet; it’s also about meeting the demands of clients and stakeholders. Here’s why ESG compliance is more critical than ever:

  • Transparency: With regulations like SECR, CSRD, CSDDD, and B-Corp certification, companies need to be crystal clear about their practices.
  • Investor Expectations: Investors want to see sustainable practices in action, not just on paper.
  • Cost Reduction: Believe it or not, efficient ESG strategies can actually save you money.
  • Risk Management: Staying compliant helps minimise risks—both regulatory and reputational.

Typical Organisational Challenges

Now, while ESG sounds great in theory, putting it into practice comes with its own set of hurdles. For example:

  1. Disconnected Data Sources & Manual Processes: Many companies are juggling fragmented data systems and tedious manual reporting, which makes ESG compliance feel like a never-ending task.
  2. Keeping Up with Shifting Regulations: The thing is, ESG regulations are always evolving. Staying on top of standards like CSRD and CSDDD can feel like hitting a moving target.
  3. Difficulty Scaling Efforts Globally: If you’re operating in multiple countries, aligning ESG efforts across different regions can get pretty complicated.

The CEO ESG Challenge

Balancing ESG priorities with business performance is no small feat. CEOs face the tricky task of juggling performance, priorities, and transformation all at once. Here’s what that looks like:

  1. Performance Monitoring:
    • There are often gaps in ESG data acquisition.
    • Automating data feeds and ensuring traceability isn’t as easy as it sounds.
    • Plus, getting near real-time sustainability data can be a challenge.
  2. Prioritising Initiatives:
    • Navigating complex regulations like CSRD and CSDDD is no walk in the park.
    • Ensuring sustainable procurement and due diligence takes time and resources.
    • And let’s not forget budget, skills, and time constraints—they’re always part of the equation.
  3. Transforming the Business:
    • Getting the entire C-suite aligned on ESG goals can be a tough sell.
    • Educating the workforce on sustainability practices? That’s another challenge.
    • Adapting business models for long-term resilience requires both vision and commitment.

The Cost of Getting ESG Wrong

Although ESG compliance can seem daunting, the cost of getting it wrong is even higher. Here’s why:

  • Financial Penalties: Non-compliance with ESG regulations can lead to hefty fines.
  • Loss of Trust: Failing to meet ESG standards can erode both investor and consumer confidence.
  • Missed Opportunities: Neglecting ESG can mean missing out on innovation and growth.

 

“Less time buried in spreadsheets, more time making a real impact”​

 

How Technology is Changing the Game

The good news? Technology is stepping in to make ESG compliance a whole lot easier. Here’s how:

  1. Automating Data Collection and Verification:
    • Tech simplifies data gathering from different sources and ensures it’s accurate and traceable.
  2. Simplifying Compliance with Evolving Regulations:
    • It adapts to regulatory changes, so you don’t have to worry about falling behind.
    • Plus, it offers user-friendly tools for easy monitoring and reporting.
  3. Providing Real-Time Insights for Proactive Decision-Making:
    • Near real-time sustainability data helps you make informed, agile decisions.

Making ESG Effortless for Teams and Consultants

Let’s face it, managing ESG data can be overwhelming. But with the right tech:

  • Streamlining ESG Data Management: Say goodbye to the chaos of handling vast amounts of ESG data.
  • Fast, Easy Monitoring and Reporting: Compliance becomes a simpler with intuitive platforms.
  • Working Smarter on Sustainability: Automating routine tasks means teams can focus on what really matters.

From Drowning in Data to Data-Driven Decisions

The thing is, businesses often feel like they’re drowning in ESG data. But tech helps turn that flood into actionable insights:

  • Unified ESG Data: It pulls data from from every corner of an organisation and across the value chain into one central system.
  • Actionable Insights: Complex metrics get transformed into clear, impactful reports.
  • Agile Business Strategies: With data-backed decisions, companies can pivot confidently and quickly.

“When you lead on ESG, everyone in your network levels up.”

Amplifying ESG Impact Across Your Network

ESG isn’t just about what happens inside your company—it’s about your entire network. Here’s how tech helps amplify your impact:

  • Connecting with Stakeholders: Easily and securely link suppliers, partners, and customers for a unified ESG approach.
  • Cascading Impact: Drive sustainability throughout your entire value chain.
  • Creating Long-Term Value: Smarter, sustainable business choices lead to lasting success.

Closing the Loop Across the Value Chain

Finally, the real magic happens when you close the loop. Here’s what that means:

  • Unified Efforts: Bringing together suppliers, partners, and customers enhances your ESG impact.
  • From Small Actions to Big Impacts: Even small sustainability steps can lead to significant outcomes.
  • Building Resilience: Transparent, sustainable practices strengthen your business ecosystem.

“It’s not just data—it’s the roadmap to a more sustainable future.”

At the end of the day, embracing technology not only simplifies ESG compliance but also sets your business up for long-term growth and resilience in an increasingly sustainability-focused world.

Ready to amplify your ESG Impact or simply just get started? Check out our sustainability solutions

Is your organisation ready to move from offsetting to insetting? 

By Sarah Shannon

Back to News posts

Everyone is familiar with the term offsetting – when a company buys credits to compensate for carbon dioxide emissions. How familiar are you with insetting?  

MyClimate.org defines ‘insetting’ as an investment by your company in emissions reduction projects within the supply chain. In contrast to emissions reduction in external climate protection projects (carbon offset projects), climate protection money remains within your company’s value creation cycle.’ 

Insetting is not a new concept.  

Insetting was promoted, nearly 10 years ago by sustainability standards Plan Vivo and Pur Projet. Since COP26, insetting is fast becoming the new buzzword flying around corporate board rooms. Why? Companies of all shapes and sizes are being held accountable for their actions by consumers and investors. Therefore, their boards are keen to get their ESG houses in order and proactively drive down their organisations carbon emissions in a more sustainable way. Offsetting does not tackle an organisations emissions within its supply chain. Whereas insetting focuses on the impact of manufacturing, running operations and transportation.  

The organisations moving away from offsetting recognise to successfully adopt ‘insetting’ they cannot do this alone. It requires a partnership. Who better to align with than the organisations they do business with – the supply chain.  

John Dowdall, CRO Pulse Market commented: “The financial services sector is beginning to realise that instead of investing in carbon offsets, they can spend that same money to strengthen their supply chain and have a wider impact on the people and the planet. This more proactive approach is very much aligned with why we created the Pulse ESG passport, namely increasing the impact firms can have when working together” 

In order to make real change happen companies need to think seriously about who they do business with not just how they do business. This is more important than ever with the tightening up of ESG reporting requirements for the financial services sector. Buyers and suppliers need to act together.  

The question is how do buyers align suppliers with their ESG goals and vision. The answer is the Pulse Market ESG passport: the simple solution to align and educate your suppliers with your ESG vision.  

Discover more and book a demo today at ESG Passport 

Pulse launches New Sustainability Webinar Series

By Sarah Shannon

Back to News posts

We’re excited to launch our new sustainability webinar series and we’d love you to join us on Zoom for Insightful Conversations and practical takeaways!

Our series of monthly sustainability webinars are designed specifically for professionals tackling sustainability and compliance challenges in business and free to attend! Whether you’re passionate about environmental issues, exploring sustainability strategies for your organisation as it faces tougher compliance regulations, or simply curious about making a difference, our webinars will provide you with the insights, tools, and inspiration you need.

Register Today for ‘How ESG & CSRD Are Shaping Tomorrow’s Businesses Webinar at 1pm on Thursday 10 of October.

Meet Our 2024 Speakers & Save the Dates

1. John Curran – 10th October, 1 PM

John Curran is the Managing Director and Principal Consultant at Blue Planet Consulting Limited, a sustainability and ESG strategy advisory business he founded in 2021. With more than 20 years of experience as a senior leader and non-executive director in the Sustainability & ESG space, John has led large strategic transformation projects across a variety of sectors, including retail, aviation, technology, healthcare, engineering, financial services, and more. He brings a wealth of knowledge to the table, advising boards and senior leaders on navigating the complex Sustainability & ESG landscape, offering practical guidance on policy development, strategy, and implementation.

Don’t miss this opportunity to hear from an expert who has hands-on experience across multiple industries: Register Today for ‘How ESG & CSRD Are Shaping Tomorrow’s Businesses Webinar’

Register today

2. Mark Kane – 1pm on 14 November 2024

Mark Kane is the CEO and Co-Founder of Sustainabil-IT, a company focused on accelerating sustainability through technology.  With a background in technology and renewables, including a global award from ICMG/Zachman for his “Sustainable Digital Transformation” program, Mark is at the forefront of sustainability’s intersection with technology, offering a suite of SaaS 2.0 solutions that support everything from strategy and education to carbon management and reporting. As a faculty member at the Institute of Sustainability Studies and currently co-authoring “Digital-Led Sustainability” with the award-winning author of best-seller “Digital Made Simple” David Galea, Mark has a deep understanding of how digital transformation can drive sustainable business practices, making him the ideal speaker and advisor for companies looking to leverage technology to achieve their sustainability goals.

3. Aisling Connaughton – 1pm on 12 December 2024

Aisling Connaughton, Co-founder & Sustainability Solutionist at Cyd Connects, will bring a fresh perspective to our series. Cyd Connects is a women-led sustainability consultancy that specialises in creating sustainability roadmaps, helping businesses become a force for good. A certified B Corp and participant in the UN Global Compact, Cyd Connects aims to make sustainability not just effective but also fun and inspiring. Aisling’s career spans over 18 years in sustainability, marketing, and communications, having worked with major brands like Huawei and Liz Earle Beauty Co. She also shares her insights as a TEDx speaker and guest lecturer at leading universities, bringing clarity and innovation to the often complex world of sustainability.

Stay Tuned for More!

Each of our webinars will offer a deep dive into crucial topics, practical tips, and inspiring discussions on how we can all contribute to a more sustainable future. These are just the first of many guest speakers who are experts in the field of sustainability and broad range of topics to come from BCORP to sustainability trends, so keep an eye on our website and social channels for updates and registration details.

So get ready for thought-provoking sessions, expert insights, and strategies that will help your business stay ahead in the evolving sustainability landscape.

We look forward to having you join us!

Register Today for ‘How ESG & CSRD Are Shaping Tomorrow’s Businesses Webinar’

Register and we will send on the webinar recording too!

Navigating the Complexities of ESG and Anti-Greenwashing Regulation  

By Sarah Shannon

Back to News posts

Key Takeaways from FinTech Scotland’s ESG Innovation Kick-Off Day 

Members of the Pulse team ventured to Glasgow on a sunny day in late July to attend FinTech Scotland’s ESG Innovation Kick off Day. We were thrilled to be selected by FinTech Scotland to be part of the ESG challenge day.  Better still we were part of something that felt genuinely real and focused on the possibility of making the world a better place to live in through the power of tech. Read on to explore the challenges and discover the opportunities learned on the day.

man speaking at lectern in front of men at desks
Pulse Market CEO Michael O’Shea

The room was packed with representatives from 23 FinTech Startups sharing innovative ideas with leading Financial Services partners from EY, Barclays, Virgin Money, Abrd, Morgan Stanley, Equifax and Phoenix. Further supported by academics from University of Glasgow and University of Strathyclyde. Sitting in the middle of the room waiting to pitch the Pulse Market team absorbed the knowledge shared and the passion for collaboration to make the world a better place to live.   

It became apparent early on in the day the landscape of corporate sustainability is evolving rapidly, driven by sustainability regulations such as the Anti-Greenwashing regulation that came into force in May 2024. The Anti-Greenwashing regulation places companies under increased scrutiny, necessitating a thorough overhaul of how data is managed and reported. So what can we learn and how can we take positive action?

Here are the key insights and best practices gathered from FinTech Scotland’s ESG Innovation Kick-Off Day on this pressing topic. 

The New Era of Regulatory Scrutiny 

With the introduction of the Anti-Greenwashing regulation, companies are now under the microscope to ensure the accuracy and transparency of their sustainability data. This increased scrutiny mandates a broader and deeper focus across multiple regulatory points. This is emphasising the importance of aligning corporate structures to meet these evolving demands. Companies must now scope out and capture comprehensive regulatory points, inventory across legal entities, and adapt to this expanding regulatory landscape. 

Risk and Control Frameworks: Navigating Complexity 

One of the major challenges discussed was the complexity of risk and control frameworks. These frameworks often overlap and have subtle differences, creating a complicated landscape for data management.  

The lack of standardisation further complicates the aggregation and consolidation of data across various corporate divisions and external sources. To address this, there is a growing need for technology solutions that can replace traditional tools like Excel spreadsheets and SharePoint, facilitating more efficient data management. 

Corporate Structure and Sustainability 

Understanding, aligning and managing corporate structure with methodologies and best practice is crucial, given the complexity arising from various types of entities and jurisdictions.  

The need for robust and transparent data is paramount, as companies live in fear of inaccuracies. This challenge is compounded by the sheer volume of data that needs to be managed, especially from customers and value chains. Methodologies and best practices are essential to navigate these complexities effectively. 

Disparate Data Sets in Financial Services 

Financial services face unique challenges with disparate data sets, demanding the evolution of protocols to aggregate and identify key data points. Scope 3 emissions, in particular, pose a significant challenge due to the variability in disclosed data and estimates. Unlike Scope 1 and Scope 2 emissions, which can be benchmarked and are generally more trustworthy, Scope 3 emissions require more nuanced management. 

Empowering Corporate Responsibility Through Data 

The speakers on the day highlighted the importance of having identified, verified, and standardised data to drive corporate responsibility.  

Digital sustainability was another critical topic, focusing on whether it is more cost-effective to migrate to new platforms or integrate with existing systems. Key tools identified include KPIs, visual monitoring tools, and data-driven solutions that can predict critical goals and decision-making paths. 

Regulatory and Market Impact 

Scope 3 emissions and regulatory changes are key drivers for the need for sustainable, timely, and relevant data. Ensuring traceability of data sources and being aware of horizon risks are crucial for effective ESG data management. Engagement with supply chains and alignment with CSRD-matrix data points were also emphasised as necessary steps for robust ESG data across value chains. 

Challenges and Opportunities 

The concept of double materiality was discussed as a significant challenge, particularly in balancing long-term reporting with long-term value creation. Transitioning from mere compliance to a strategic approach involves measuring ESG impacts, developing strategies, and overcoming the unique challenges faced by SMEs, such as skills gaps and disparate requests for data. 

Future Directions in ESG Data Management 

Enhanced decision-making through advanced information acquisition and climate science is essential. With reporting currently optional for many companies, there is a significant opportunity to get ahead of the curve before it becomes mandatory. Addressing resource constraints and finding efficient ways to transfer and model data are critical for compliance and operational efficiency. 

Centralising ESG Workflows 

Finally, centralising ESG workflows and putting data to use effectively were identified as crucial steps for the future. By streamlining data collection, analytics, and reporting processes, companies can enhance transparency and reduce the burden of data management. 

Conclusion 

FinTech Scotland’s ESG Innovation Kick-Off Day underscored that the evolving regulatory landscape presents both challenges and opportunities for companies. By embracing technology, improving data transparency, and aligning corporate structures with regulatory requirements, businesses can navigate these complexities effectively. The key takeaway is clear: regulation is an opportunity for positive change, and companies must be bold and proactive in their approach to ESG data management. 

Ready to streamline your ESG data management and stay ahead of regulations? Discover how our robust and secure sustainability platform can help you achieve transparency, automation, and proactive compliance. 

Talk to Pulse Market today and we can collect, manage and aggregate your ESG data for compliance and reporting  

Contact us here