Excel not ideal for SMEs’ sustainability activities
A recent study by KPMG US found that many companies are trying to improve their sustainability reporting. However, about half of these companies still use basic spreadsheets to manage their ESG activities. While this is happening, pressure for businesses to become more eco-friendly and socially responsible is also increasing. The KPMG survey, given to 550 leaders in primarily European companies, showed a large gap between what companies think they are doing well and what they're doing regarding ESG reporting. Is this correlation connected to the type of software used, and if so, why are spreadsheets unsuitable for monitoring sustainability activities?