Logicgate Adds Environmental, Social, And Governance Solution To Its Market-Leading Grc Platform

Fremont, CA: LogicGate, a leading provider of transformative risk and compliance solutions through its Risk Cloud platform, has added a new solution to help organizations measure, track and report on their ESG goals and initiatives. LogicGate's new Environmental, Social, and Governance (ESG) Applications within Risk Cloud enable leaders to bring ESG initiatives to life and demonstrate progress and results to stakeholders, ultimately aligning environmental, social, and governance efforts to bolster their GRC programs.

"ESG reflects the integrity of an organization. But it's not just about the goals they announce — it's about the policies they put in place, the actions they take, and their ability to show progress toward those goals," stated Jon Siegler, Chief Product Officer at LogicGate. "Our ESG Solution enhances our customer's holistic approach to GRC, enabling them to streamline their ESG reporting processes within the platform they already rely on, whether they're just getting started with ESG or looking to optimize their current processes. It gives them the tools to build trust through transparency."

Measuring and reporting on ESG criteria is critical as investors become more concerned about ESG risks. Stakeholders expect organizations to demonstrate their commitment to environmental protection, social initiatives, and corporate transparency in everything from how a company offsets its emissions to how it achieves DEI goals and ensures data privacy. Reporting is critical to the accountability that employees, customers, and investors seek, but the requirements vary by industry and country, causing confusion and necessitating time-consuming manual labor. Risk Cloud's ESG Solution streamlines the process by providing a centralized platform for identifying ESG initiatives, tracking and assessing associated risks, linking applicable policies, and providing organizations with enhanced capabilities to track overall compliance and ESG progress. This information can then be easily gathered in order to create effective reports to share with the public and stakeholders.

Customers can integrate the frameworks most relevant to their industry, recognize environmental and social risks and benefits, assess and address social responsibilities relevant to their mission and operations, and gain insight into third-party ESG risks utilizing LogicGate's Risk Cloud Applications and Risk Cloud Exchange (RCX), an ecosystem that provides a holistic view into the interconnected world of GRC.