SAN JOSE, Calif., Sept. 14, 2021 /PRNewswire/ -- MetricStream, the market leader in integrated risk management (IRM) and governance, risk, and compliance (GRC), today announced the industry's most robust environmental, social, governance (ESG) product built on the company's proven MetricStream Platform and powering what's next in GRC. The new software product, MetricStream ESGRC, enables organizations to minimize environmental impact, demonstrate a commitment to social imperatives, and implement strong governance policies.
Organizations are increasingly being held accountable for corporate practices regarding climate sustainability, social responsibility, and governance. ESG risk factors are also emerging as financial risks that carry significant impacts on a company's bottom line and valuation. In fact, investors and asset managers are shifting their investment appetite toward companies with sound ESG management programs.
"Good governance fosters trust, transparency, and longevity. To foster that trust and guard your organization, you need a clear line of sight to an ESG measure," said Bruce Dahlgren, Chief Executive Office, MetricStream. "We believe that purpose drives performance and that is why we are stepping up to the plate to make ESG a reality; making it simple to implement while providing C-level data that fosters responsible growth and trust with all stakeholders."
The comprehensive MetricStream ESGRC solution takes stock of the key challenges in the modern ESG and GRC spaces and provides an all-in-one solution for enterprises. The solution provides a holistic platform where businesses can track emerging and changing regulations, along with a host of complex regulatory standards. As part of the solution, customers can manage disclosure requirements, conduct self-assessments, identify issues, and maintain action plans.
Key MetricStream ESGRC Solution features include:
Frameworks and Disclosure Management
- Manage requirements (disclosure requirements) of various ESG frameworks
- Map to various business units and locations
- Create standard formatted reports
- Simplify and aggregate metrics that are required for disclosure
- A broad range of metrics across environmental and social
- Define an assessment questionnaire
- Share the questionnaire to gather responses
- Aggregated survey responses
- Supplier profile management
- Supplier assessment and portal
- Respond to ESG assessments
- Centralized Library of Risks
- Identify, assess, and mitigate risks
Issue and Remediation
- Identify issues and maintain action plans
- Integrate with multiple third-party systems
To learn more about the MetricStream ESGRC solution and offerings, visit ESGRC.
Register now to be a part of the upcoming MetricStream GRC Summit scheduled for October 19-20, 2021, to get a deeper insight on how the MetricStream ESGRC Solution can help you drive business value, and to also hear from prominent global ESG experts on trends and best practices.
Join this virtual summit to learn more about how you can turn risk into a strategic advantage and Power What's Next with intelligence, foresight, and continuous innovation. Gain valuable insights from powerful keynotes, engaging panel discussions, customer case studies, and expert talks from global leaders and practitioners.
About MetricStream, Inc.
MetricStream is the global market leader of Integrated Risk Management and GRC solutions that empower organizations to thrive on risk by accelerating growth via risk-aware decisions. We connect governance, risk management and compliance across the extended enterprise to enable resilience and digital transformation. MetricStream is headquartered in San Jose, California, with an operations and R&D center in Bangalore, India, and sales and operations support around the globe. More information is available at www.metricstream.com, LinkedIn, Facebook and Twitter.