Now, here in Argentina, there is a double interest: on the one hand, of the companies that decide to disseminate more information on sustainability; and on the other hand, by the stakeholders to know these data. This trend translates into a demand for managers to internalize social and corporate governance risks, as well as understand that ESG pillars must be prioritized due to their potential impact on the business model, affecting the company’s operational and financial performance. And for this, business management technology solutions are the best allies.
And where is the country going with this demand? The corporate governance and sustainability area of the Argentine Stock Exchanges and Markets maintains that the outlook for Argentina in the coming years is positive, since BYMA officials say that the increase in sustainability reports, integrated reports and ESG-D performance of stations grows with each rebalancing. According to various statements made by the sources, this pandemic context has exposed the importance of sustainable management in the market.
Environmental factors have been the main focus, but social impact and governance criteria are gaining importance in Argentina. Until now, Much of the ESG analysis has focused on environmental metrics as a differential, and to also take care of the last words of the acronym, advanced management tools are the best way.
Management technology systems (ERP), for example, allow productivity to be increased, costs to be reduced and business risk to be mitigated. They allow total control of everything that is done: administrative activities, production, control of documents, contracts, deliveries, deadlines and others. From how to store inventory intelligently to how to prepare for a variation in demand. These tools allow the manager to make better decisions.
Meanwhile, social aspects are slowly gaining importance on the public agenda, as economic, political and health crises affect Latin America. For that, technological solutions are needed that are aligned with the objectives of the human resources area. The only way to efficiently hire, evaluate and train employees is to have a very clear definition of the company’s objectives, where it wants to go and how it intends to chart this path. Without this connection, it is impossible to efficiently manage human capital.
Also in this aspect, the management tools help the social area to better understand the profile of its employees, identify imbalances within the teams, evaluate equity and productivity factors, and also have all this data organized on the same platform for the manager analysis. We must not forget that coordination and teamwork are the driving force of any organization to reach the desired destination.
In other words, under the ESG criteria they should not only consider the financial details, but also the aspects that may affect the performance of the company in the future, because the best interest is to combine the economic profitability and the long-term risks in the different pillars of an organization, in order to achieve total success. In this way, Argentine companies will speak the language of the global market.
Director of International Market of TOTVS in the operations of the South, North and Andean.
Source: Ambito
