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 are still using basic spreadsheets for the management of their ESG activities. While this is happening, pressure for businesses to become more eco-friendly and more socially responsible is also increasing. The KPMG survey, which was given to 550 leaders in mostly European companies, showed a large gap between what companies think they are doing well and what they're actually doing in terms of ESG reporting. Is this correlation connected to the type of software used and if so, why are spreadsheets not suitable for monitoring sustainability activities?