Environmental, Social & Governance
Considering recent events such as the Covid-19 pandemic, COP26, and @government discussions around the climate crisis, it stands to reason that ESG is taking on an even greater significance in the #business world.
What is ESG?
Short for “Environmental, Social & Governance,” ESG considers the impact a company has on its employees, customers and the communities where it operates. The ESG factors are used to evaluate companies on how far advanced they are with #sustainability.
@Forbes informs us that, ESG has been brewing for a while, and is hitting the mainstream now, driven by united demand from employees, investors and customers. All three groups seem to have shifted from a passive to an active stance and are forcing companies to step up against climate change and social injustice.
What will happen if businesses don't take ESG seriously?
The @financial times completely backs this by stating that, Businesses that don’t put environmental, social and corporate governance front and centre stand to lose out in the #furure. In fact, #data from numerous studies have shown a positive relationship between ESG scores and financial returns.
“For consumers, ESG issues are influencing what companies they work for, buy from and invest in. Similarly, businesses are putting much greater focus on ESG as their customers and investors lean in,” says @Gina Mastantuono, @ServiceNow’s Chief Financial Officer. ESG, she says, is no longer a niche #investment focus: “It’s mainstream -it’s good business.”
What are you doing about it?
Finally, the @Harvard Business Review says, the most fundamental reason to try to raise your company’s ESG performance is that all human beings -in and out of corporate settings- have an obligation to behave in prosocial ways. But apart from the moral case, there are very real payoffs for focusing on ESG issues. Those extend beyond the benefits companies might enjoy because of productivity increases due to higher employee engagement, or sales increases due to more loyal and satisfied customers. What are you doing about ESG?
To find out how we can help you with your ESG, call us on 0203 875 4468 or send an email to firstname.lastname@example.org
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