Cognizant

Best in Class ESG Management – Large Enterprise

Lacking an integrated view of ESG results in business processes, partners, employees, and systems that behave like leaves blowing in the wind – constantly moving and churning but often only creating a further mess. Modern business requires a clearly coordinated ESG strategy and process across the organization enabled by technology for efficient, effective, and agile ESG reporting and monitoring. 

Cognizant was facing similar challenges to many organizations starting their ESG journey, but perhaps on a much larger scale. They were challenged by disparate data sources, lack of an established process, and multiple stakeholders, but as a $18B company with more than 350,000 employees operating in 35 countries, a streamlined way forward was even harder to find.

In the words of Peter Drucker, “If you can’t measure it, you can’t manage it”. With Cognizant’s new approach to ESG reporting, they have access to a wider range of data, at a more accurate level, packaged in a more meaningful way than ever before. This enables them to adapt to an ever-changing environment more efficiently and effectively. Cognizant has a better alignment of the organization and its ESG strategy, supported by clearly defined processes and technology. This has allowed for streamlined ESG processes that are more efficient, effective, and agile for reporting and monitoring.

GRC 20/20 has evaluated and verified the implementation of Workiva at Cognizant and confirms that this implementation has achieved a remarkable case study in how to address ESG management with clear benefits achieved. This approach is best in class, and in that context, GRC 20/20 recognizes Cognizant and Workiva with a 2023 Best in Class GRC Award in the Category of ESG Management – Large Enterprise (10,000+ employees).

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