How to remove Excel from my sustainability consulting

CSRD, CSRD | 21. February 2023
Phillip Blumenthal
Head of Sustainability

How to remove Excel from my sustainability consulting

In this article, we would like to show you how to remove Excel from your sustainability reporting. Many companies use Excel for their sustainability reporting and analysis. However, Excel is a limited platform that presents many challenges for sustainability managers and professionals. Here are some reasons why you should remove Excel from your sustainability consulting:

1. excel is prone to human errors

Excel spreadsheets are prone to human error, which can affect data quality and reduce the validity of your sustainability reports. For example, entering a formula incorrectly in an Excel spreadsheet can result in incorrect results being output. An incorrect number in a cell can also distort the overall value of your table.

2. excel can slow down your reporting

The larger your Excel spreadsheets get, the slower your reporting becomes. For example, if you have several hundred thousand records in Excel, this can affect Excel’s performance and slow down your reporting. This can also cause Excel to crash or freeze, which can lead to data loss and work interruptions.

3. excel has difficulties to process large amounts of data

Excel has difficulty processing large amounts of data. For example, if you have a table with several hundred thousand records, Excel can become slow or even crash. This can slow down your work and affect your reporting.

4. excel is not suitable for collaboration

Excel is not suitable for collaboration. When multiple people are working on an Excel spreadsheet, this can lead to conflicts because Excel does not provide a way to resolve conflicts between users. This can lead to data being lost or misinterpreted.

5. Excel is not suitable for the cloud

Excel is not suitable for the cloud. For example, if you try to save an Excel spreadsheet to the cloud, it can cause problems. The size of the Excel spreadsheet may cause the upload to be very slow, and there may also be problems synchronizing the data between different devices.

How can you remove Excel from your sustainability consulting?

To remove Excel from sustainability consulting, you can switch to an ESG software solution. This has numerous advantages over using Excel. With ESG software, customer data can be structured more clearly and managed better. Intelligent processes can save significant time and nerves for the customer, which proves to be an advantage when awarding consulting mandates. In addition, data-driven insights can identify consistent optimization potential, which can be used to develop targeted strategies for clients.

ESG software not only helps to fulfill disclosure obligations, but also makes progress measurable in terms of goals set and guidelines to be fulfilled. Thus, ESG software provides an analytical foundation for understanding strengths and weaknesses in corporate sustainability management. Data collection is streamlined or automated, which simplifies reporting. So by switching to ESG software, you can remove Excel from your sustainability consulting and reap numerous benefits.

Summary

In summary, while Excel is used by many companies for their sustainability reporting and analysis, it also presents many challenges for sustainability managers and professionals. Vulnerability to human error, difficulty processing large amounts of data, and lack of collaboration and cloud capabilities can all impact the effectiveness and meaningfulness of sustainability reporting.

One solution to this problem is to move to an ESG software solution. This offers numerous advantages over Excel, such as clearer structuring and management of customer data, data-driven insights to identify optimization potential, and streamlining or automating data collection. It also facilitates reporting and enables progress to be measured in terms of goals set and policies to be met.

By moving to an ESG software solution, consultancies can remove Excel from their sustainability consulting and benefit from numerous advantages. It is therefore recommended to look into the possibilities of an ESG software solution and to check whether a switch makes sense for one’s own company.

Disclaimer: The VSME ESRS is still in its draft version and subject to change. The…

Read more

Last updated: Feburary 12, 2024 EFRAG recently published the draft of the voluntary ESRS (European…

Read more

Appendix C of ESRS1 outlines a series of phase-in provisions which allow companies to delay…

Read more

Disclaimer: The VSME ESRS is still in its draft version and subject to change. The…

Read more

Last updated: Feburary 12, 2024 EFRAG recently published the draft of the voluntary ESRS (European…

Read more

Appendix C of ESRS1 outlines a series of phase-in provisions which allow companies to delay…

Read more

How process descriptions work in the ESRS (European Sustainability Reporting Standard) In this article, I…

Read more
Want to get to know us?
Arrange a meeting
Theresa Zöckler
Your contact person

Newsletter

Stay informed about Code Gaia webinars, product updates, events and more.

Download info package

You are currently viewing a placeholder content from HubSpot. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.

More Information