2016 has been a rollercoaster. One which will see far reaching effects in business survival rates across the global landscape. It has been the year that saw the loss of cultural heroes like Bowie and Prince; and the rise of populism, the far-right, Brexit and Trump. So we created a 2017 Business Survival Kit for you.
To say the stakes are high for businesses in the current economic and global climate is an understatement.
But amid the political unrest, we have seen seismic changes across global industries towards a more holistic and central governance role for sustainability within the global business model.
We now track 3000 regulatory initiatives in our database, meaning we have the most complete global database of soft and hard laws mandating corporate disclosure on non-financial and emerging risks.
We have also seen a rise in the number of companies producing integrated reports by around 50%.
This is why our key focus areas over the next year will be on two key areas; business risk and sustainable business.
The rise of technology, and big data analytics – if you’re not using them, are you falling behind?
Stakeholders are demanding more transparency. Are you disclosing on key areas of global risk?
- Environmental and natural resource security
- Economic growth and social inclusion
- Climate change and energy use
- International Trade and Investment
- Modern day slavery
- Circular economy
Our comprehensive and sophisticated database, Datamaran, now holds a complete set of 50,000 corporate reports, from 7,000 companies, over 95 countries from 2010-2016.
Take advantage of our team of experts, who are busy mining key business risk data to highlight the issues you will need to know about to stay ahead of emerging risks.
- The rise of the Sustainable Stock Exchange (SSE)
- Increased business responsibility towards the Global Sustainable Development Goals (SDGs)
- The increase in Integrated Reporting
- Increased need for Strategic Issues Monitoring which covers environmental, social and corporate governance issues
But enough about us. What about you?
You probably work within a company with a global and complex network, operating in a variety of regions where languages and cultural norms differ. These differences benefit your business, but ensuring universal consistency is a challenge.
You might feel that although responsibility should run through the blood of the entire company, accountability can only be fulfilled at the local level. What’s the best way to audit suppliers and ensure they’re in compliance?
You’ve likely discussed how to become more data driven, but the best direction to take is unclear. Intuitively, data driven decisions seem better for your business – but do they offer a tangible ROI?
New information flows offer more flexibility and agility than you’ve previously been able to manage. This requires a mindset and operational change – but which department is best to instigate this?
This article is your 2017 business survival kit, and will help you best prepare for the changes that are coming.
What’s on The Horizon?
The nature of technology companies is expected to continue to rapidly evolve in 2017. We see multinational companies creating new value chains with small suppliers harnessing big ideas; adding speed, flexibility and fresh approaches to existing operations.
Datamaran now has clients in 15 countries and across 9 corporate sectors, consultants, investors, policy makers, and academia.
In many respects, new approaches to data analysis and technological development converge at the interface between a multitude of sectors.
We will continue to deepen these links in 2017, looking to engage influential NGOs and Governments as the conversations progress.
To facilitate such a network, we now have offices in 5 countries despite being a start-up in our third year of operation. A broad geographic reach remains important as we refine our framework of emerging risks – in English and beyond.
We’re adding language capabilities to our online news coverage – ensuring that the global business outlook is matched by a news flow module that can analyze news in additional languages.
But it doesn’t end there.
Emerging Trends: Your 2017 Business Survival Kit
We’re launching some exciting new tools and languages to enable more robust monitoring of issues, frameworks, regulations and strategies to keep your business competitive in an information rich environment.
We have honed in on the 3 most essential issues you need to prepare for in 2017.
1. Aligning your Business Disclosure with the SDGs
You are probably both excited and daunted by the scope of the sustainable development goals.
We are seeing a rise in the number of companies disclosing their activities towards the SDGs, and are working with our clients to promote best practice and to identify new areas of reputational and competitive risk.
We have developed an SDG mapping tool to benchmark corporate disclosure on the SDG issues against those in the wider peer group. This has proved very popular.
If you want to find out more about how companies in your country, region or industry are reporting on the Global Goals, get in touch for a free demo.
2. Strategic Issues Monitoring
Big data analytics is both complex and insightful, but it is also not the simplest thing to get right.
We have been working with a number of clients to create a service where we provide strategic issues monitoring as a service, leveraging our intelligent software and our expert advisors to help you get the most out of the strategic issues monitoring process.
We’re hosting a Roundtable Discussion in London on 25th January to an exclusive audience at our London office.
Strategic Issues Monitoring Roundtable (London) – 3pm-5pm
This event is by invitation only – if you would like more information – please contact us at the relevant office below.
Pune (India) – Click here to email
Valencia (Spain) – Click here to email
Luxembourg – Click here to email
London (UK) – Click here to email
San Francisco (USA) – Click here to email
New York (USA) – Click here to email
Minneapolis (USA) – Click here to email
3. Integrated Reporting
Integrated reporting is the process of bringing the company’s financial and sustainability reports into one concise story that highlights the material issues of the business. One argument for integrated reporting is that it shows, with transparency, the issues which the business truly places at the heart of it’s value creation.
It’s about making sure your business model is fit for purpose in the 21st century.
The number of integrated reports in our database in 2012 was 208, by 2016 the number has nearly doubled, and in 2016, it has reached 399.
Not only are we seeing an increase in the number of companies moving to integrated reporting, an increase in dialogue about how companies can make the shift to integrated reporting, but also a migration of traditionally non-financial topics into financial reporting.
We are proud to say some of our clients are already leading the way on this.
If you would like to explore how business intelligence software can help you, click here for instant access to our free service today, our entry level cloud based business intelligence tool.
If you want to access the most sophisticated business intelligence tool on the market, ask for a quote.
*SDG Mapping Methodology
Datamaran tracks emerging issues through its proprietary natural language processing and automated machine reading software. The emerging issues are part of a dynamic ontology that is applied to Datamaran’s flagship analytics platform, and currently tracks 100+ emerging issues across an evolving database of sources
The Datamaran topic mapping against the SDGs is based on the information provided by the SDG Compass initiative. The SDG Compass has been developed jointly by WBCSD, GRI, and UNGC specifically “to support companies in aligning their strategies with the SDGs and in measuring and managing their contribution”. The SDGs involve high-level issues, and its transposition into business activities may be not immediate.
The SDG Compass identifies the business themes, tools, and indicators associated to each SDG – providing a common and authoritative platform to define the scope of the Goals at business level.