Unleashing Power of Data

56 | Unleashing Power of Data POWER OF DATA TO FAST-TRACK ESG GOALS D ata monet i zat ion has become the holy grail o f mode r n bus i nes s strategies. Organizations are sitting on vast repositories of data, and the ability to extract value from this data can lead to significant revenue generation. Data can be a powerful tool for businesses looking to track and achieve their ESG goals. By collecting and analyzing data on their environmental, social, and governance performance, businesses can identify areas where they need to improve and make necessary changes. One way that businesses can use data to fast-track their ESG goals is by setting targets and benchmarks. By setting measurable targets, businesses can track their progress over t ime and see how their efforts are impacting their ESG performance. Benchmarks can also be used to compare a company’s performance to that of its peers or industry leaders. Another way that businesses can use data to fast-track their ESG goals is by using it to identify and manage risks. Byunderstanding the Dun & Bradstreet