DevonWay ESG & Sustainability: Why and Why Now

On April 12, we announced the launch of the new DevonWay ESG & Sustainability software solution (see the press release here). The DevonWay team and I are thrilled to bring this new offering to market – here’s why.

ESG & Sustainability have recently become a C-level priority, catalyzed by investor interest in ESG-responsible companies as well as companies’ acknowledgment of the need to take action. Many of our customers are global leaders in Environmental, Social, and Governance (ESG), committed to corporate responsibility.

For example, Biogen was a finalist in the Verdantix Innovation Excellence Awards 2022 in the Sustainability Strategy Implementation category for their implementation of Sustainability Project Tracking using DevonWay software. Biogen launched a 20-year, $250 million commitment called Healthy Climate, Healthy Lives™ to eliminate its use of fossil fuels by 2040 and improve public health. Biogen became the first Fortune 500 company to commit to going beyond net zero to become fossil fuel free.

ESG regulations will likely increase

If recent trends continue, we’ll see more companies proactively committing to ESG initiatives and goals, as well as increased regulatory requirements to do so. Last February, the European Commission adopted a proposal on corporate sustainability due diligence. And in March, the U.S. Securities and Exchange Commission proposed rule changes requiring registrants to include climate-related disclosures in their registration statements and periodic reports.

ESG is a natural extension to DevonWay software

DevonWay has extensive experience and proven software for Environmental Health & Safety (EHS), Quality Management (QMS), Asset Management (EAM), and Workforce Management (WFM) for regulated, high-risk industries. Continuous Improvement and Risk Management are core to our software.

With DevonWay ESG & Sustainability, you can both track ESG metrics and implement performance initiatives to achieve your goals. And since it integrates natively with all other DevonWay software, ESG metrics can automatically be collected from other parts of your DevonWay implementation that you may have enabled, such as Supply Chain Management and Training Management. 

What's in the ESG & Sustainability solution

So what’s “in the box”? DevonWay ESG & Sustainability is a bundle of fully integrated DevonWay products: Compliance Tracking, Metrics & KPIs, Improvement Initiatives, and, optionally, Risk Management. Leading standards like GRI (Global Reporting Initiative), TCFD (Task Force on Climate-related Financial Disclosures), and SASB (Sustainability Accounting Standards Board) are built-in, so you can implement quickly. Use Metrics & KPIs to measure where you are today, then leverage tried-and-true continuous improvement workflows to accelerate progress. Plus, everyone can get visibility and insight into progress with easy-to-use Business Intelligence, reporting, and notifications.

If you already have portions of these applications from third parties, that’s no problem. You can start with whatever your biggest gaps are – say, Compliance Tracking, since if you’re like many of your peers you’re probably using spreadsheets for this now – and roll in more layers as your program matures. Through our secure REST API, it’s easy to integrate with those third-party applications. We designed our ESG & Sustainability solution to not only help you with tracking and reporting on ESG and sustainability metrics, but also with implementing programs that improve performance to actually achieve your ESG goals.

Why DevonWay ESG & Sustainability

Here are a few ways that DevonWay ESG & Sustainability stands out from other vendor offerings:

• Best-of-breed continuous improvement practices provide visibility and accountability toward meeting goals
• Usage-based pricing includes unlimited users, so everyone can participate, including contractors
• Certified to ISO 9001 and ISO 27001 standards
• US, EU, and Canadian datacenters for companies operating globally
• US-support-only option for customers under export control rules

And since it’s all delivered on top of our no-code platform, our ESG & Sustainability software will help you keep ahead of the inevitable changes in this space.

See it for yourself

As always, we appreciate your feedback! And we look forward to showing you DevonWay ESG & Sustainability. Contact us to set up a demo.