- Improved ESG data accuracy: GreenCo’s new solution automates data extraction, consolidation and calculations while maintaining traceability to original source documents.
- Stronger reporting and assurance readiness: Transparent calculation trails help companies identify inconsistencies, verify reported figures and strengthen internal review processes.
- Reduced administrative burden: Customised workflows process approximately 10 to 20 documents per batch, supporting multilingual records, unit conversions and existing reporting methodologies.
GreenCo Introduces New ESG Data Collection Solution
GreenCo ESG Advisory Limited has launched a new ESG data collection solution to improve the accuracy, consistency and traceability of corporate sustainability reporting.
The technology helps companies extract, consolidate and verify ESG information from electricity bills, invoices, fuel records and other supporting documents. It also provides visibility into the calculations behind reported figures.
The launch comes as businesses face increasing scrutiny over sustainability disclosures and the reliability of their underlying data.
Regulatory frameworks and emerging assurance requirements are placing greater emphasis on documented evidence, consistent methodologies and transparent reporting processes.
GreenCo’s solution addresses these demands by connecting source documentation with structured ESG datasets, reducing manual processing while strengthening data oversight.
Automating ESG Data Collection and Consolidation
The platform streamlines the collection and preparation of sustainability information from multiple sources.
Companies can upload electricity and water bills, procurement records, fuel documentation and invoices through an online form. The system then extracts relevant information into predefined reporting fields.
It also consolidates data from multiple documents into structured datasets suitable for annual sustainability reporting.
Additional capabilities include multilingual document processing, automated unit conversions and batch processing of approximately 10 to 20 files per round.
For example, companies can convert procurement quantities into kilograms or tonnes using agreed specifications. Monthly utility records can also be consolidated into annual consumption figures.
These functions aim to reduce repetitive administrative work while improving consistency across reporting periods.
Strengthening ESG Data Traceability and Assurance
A central feature is the platform’s ability to demonstrate how reported ESG figures are calculated.
Rather than displaying consolidated totals alone, the system can provide supporting source data, conversion factors, formulas and calculation steps.
This transparency allows internal reviewers to identify missing information, inconsistencies and potential calculation errors before figures enter formal disclosures.
“The quality of an ESG report ultimately depends on the quality of the data behind it. As companies prepare for increasingly rigorous reporting and assurance expectations, having a clear process to trace reported figures back to their underlying records is becoming increasingly important,” said Max Tsang, Director and Co-Founder of GreenCo. “We developed this solution to make data collection more systematic and transparent, rather than simply automating data entry.”
The functionality could support companies preparing for external assurance by improving the accessibility and documentation of supporting evidence.
However, GreenCo acknowledges that automated processing does not replace appropriate internal controls, professional review or independent assurance.
Customised Workflows Address Corporate Reporting Challenges
Unlike general-purpose AI applications, GreenCo configures its solution around each company’s reporting requirements and internal processes.
Its advisory team establishes relevant data fields, calculation methodologies, reporting formats and unit conversions according to organisational requirements.
Companies can therefore retain existing collection methodologies while reducing the manual effort required to prepare sustainability information.
“For many companies, one of the biggest challenges in ESG reporting is not understanding what needs to be disclosed, but obtaining reliable data from the people, systems and documents across the organisation,” said Stephanie Chan, Principal Consultant and Co-Owner of GreenCo. “Our objective is to help bridge that gap. By connecting source documents with structured data collection and transparent calculations, companies can spend less time on repetitive data preparation and more time reviewing whether the data makes sense and addressing any gaps identified.”
Implications for Corporate ESG Governance
For sustainability executives and investors, reliable ESG data increasingly influences disclosure quality, risk assessments and confidence in corporate performance.
GreenCo’s approach supports a transition from fragmented annual information gathering towards repeatable data management processes.
More consistent documentation can improve management oversight, support assurance preparation and help organisations identify reporting weaknesses earlier.
Alongside its technology offering, GreenCo has developed the GreenCo ESG Action Toolkit app, providing educational resources and sustainability updates.
As ESG reporting requirements evolve across jurisdictions, companies face growing pressure to demonstrate the reliability of their disclosures.
Solutions that connect reported figures directly to supporting evidence could help strengthen corporate reporting controls and improve confidence in sustainability information across global markets.
Source: esgnews.com
