ack in 2020 British online fastfashion retailer Boohoo lost £ 1.5bn in value in two days , following a media report that one of its factories in its supply chain was paying workers less than half the minimum wage .

It is an ESG-compliance cautionary tale , and a warning to other organisations that they ignore the mission-critical importance of transparent operations at their extreme peril . And yet a 2023 global survey by Infosys – of more than 2,500 business executives and managers found many firms have not even taken the most basic steps to embed ESG principles into their supply chain .

Those that have will already know that data is the currency of success on the ESG front – that its collection and management are critically important factors .

Levent Ergin is Global Chief ESG Sustainability Strategist for software development company Informatica , and works with leading organisations to help transform ESG strategy .

Speaking to sister magazine , Sustainability , Ergin says ESG is essentially “ a data problem that requires a data solution ”.

“ The key to strong , accurate ESG reporting is strong , accurate data ,” he says .

108 March 2024