Knowledge > Omnevue's approach

May 7, 2023

ESG Reporting for SMEs

The Omnevue Scorecard™ consists of 23 measures which comprehensively measure a company’s ESG impact.  The Omnevue Scorecard™ is an open resource.

 

The first ESG accounting platform & methodology tailored to SMEs

✓ Uses documentation that already exists in your business
✓ Accounting grade, cloud-based platform secures data & confidentiality
✓ Automates ESG accounting in line with International Auditing Standards (ISAE 3000)

Omnevue Scorecard™

We measure ESG impact using a proprietary scorecard of 23 measures developed by Dr Marc Lepere (Founder and Chief Science Officer) as part of his research at King’s College London. There are 6 environmental, 9 social, and 8 governance measures. The data used to compile the scorecard is verified by Chartered Accountants who have also been certified in ESG.

The Omnevue Scorecard was developed in four steps:

  1. Fifty metrics were selected from the Refinitiv database (of 400+) and mapped to the World Economic Forum Framework (September, 2020).
  2. Each measure was assessed against 6 ESG disclosure properties. Only metrics that fulfilled all 6 properties qualified.
  3. The qualifying metrics were tailored to SMEs in workshops.
  4. The final selection of 23 metrics was cross-checked with European Union mandatory disclosure requirements to ensure it was ‘compliance ready’ for Sustainable Finance Disclosure Regulation (SFDR).

The methodology was tested and refined with the University of Edinburgh and Redrice Ventures; a private equity venture capital company working with the British Business Bank.

In 2023, the Omnevue Scorecard was updated based on client feedback and to align with the incoming International Sustainability Standards Board (ISSB) S1 and S2 requirements. The updated scorecard of 23 metrics has a higher efficiency per metric than the previous 29 metrics – that is, the degree of alignment relative to the number of metrics – when compared to SFDR requirements.

Omnevue’s reporting criteria

 

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