Post by account_disabled on Feb 27, 2024 2:17:41 GMT -5
In the current landscape, it is increasingly relevant to identify, define and address sustainability in the corporate environment. While each business is unique, the ultimate goal is the same: manage resources in ways that maximize value for all stakeholders. How can a basic ESG guide help the process? We tell you.
According to a State Street Advisors report, 75% of investment firm executives think sustainability performance should be factored into investment decisions, but only 60% believe investors care about such an indicator.
ESG in the business environment
In this context, the emergence of new regulations and legislation aimed at curbing the effects of climate change will direct the way we do business. And large companies are beginning to reveal how they are preparing for the transformation.
According to the Goby Inc portal , a 2016 Wall Street Journal report stated that the Securities and Exchange Commission (SEC) has seen increasing pressure from financial communities and governments to develop sustainable standards.
Lack of commitment to ESG: 4 of 10 managers
ESG environmental social governance business strategy investing concept. Businessman pressing button on screen.
The conclusion is clear: organizations require an ESG action plan to operate in this new environment. It must be remembered that ESG is the abbreviation for Environmental , Social and Governance , a set of indicators that measure a company's impact on society, the environment, transparency and responsibility.
An ESG strategy demonstrates that risks are being reduced – such as adapting manufacturing processes to comply with future environmental legislation – which could be a good bet for long-term growth.
basic ESG
Since ESG components allow measuring the integration of environmental, social and governance practices in operations. However, implementing an initiative with them requires a relationship with other organizational processes, in addition to making specific adjustments and adaptations.
To make it clearer, here we share a basic ESG guide, according to the 3BL Media portal , to start an action plan.
What is an ESG action plan?
Creating a comprehensive action plan will help launch your ESG goals and drive progress on your initiatives. From clearly outlining aspirations, to identifying relevant stakeholders and communicating the value of the work, in a framework suitable for success.
basic ESG
An ESG action plan sets out the critical areas of focus to identify key issues, take action and make progress, and should include the following information:
What ESG topic will you focus on?
Who or who needs to be involved?
Why will it drive business value?
When will it be completed?
How to do it?
Once these points are identified, it is possible to create it.
ESG Action Plan Basic Guide
1. The what
Start your action plan by clearly outlining what you want to achieve. This is the most important step since it will define all the steps that follow. An example would be: Understanding organizational use of water to map risks, identify efficiencies and drive growth through ESG messaging.
2. To whom
Once you have a clear vision of what you would like to achieve, determine whether or not you have the resources to do it. What stakeholders should be involved, both internal and external? If you don't have the opportunity, what positions should be created or what partners should be brought on board to achieve this?
ESG risks in companies
3. Why
The “why” is your business case. Use this step to clearly show the value of investing in the ESG initiative and describe any barriers you may face, i.e. why investing is a good business decision.
According to a State Street Advisors report, 75% of investment firm executives think sustainability performance should be factored into investment decisions, but only 60% believe investors care about such an indicator.
ESG in the business environment
In this context, the emergence of new regulations and legislation aimed at curbing the effects of climate change will direct the way we do business. And large companies are beginning to reveal how they are preparing for the transformation.
According to the Goby Inc portal , a 2016 Wall Street Journal report stated that the Securities and Exchange Commission (SEC) has seen increasing pressure from financial communities and governments to develop sustainable standards.
Lack of commitment to ESG: 4 of 10 managers
ESG environmental social governance business strategy investing concept. Businessman pressing button on screen.
The conclusion is clear: organizations require an ESG action plan to operate in this new environment. It must be remembered that ESG is the abbreviation for Environmental , Social and Governance , a set of indicators that measure a company's impact on society, the environment, transparency and responsibility.
An ESG strategy demonstrates that risks are being reduced – such as adapting manufacturing processes to comply with future environmental legislation – which could be a good bet for long-term growth.
basic ESG
Since ESG components allow measuring the integration of environmental, social and governance practices in operations. However, implementing an initiative with them requires a relationship with other organizational processes, in addition to making specific adjustments and adaptations.
To make it clearer, here we share a basic ESG guide, according to the 3BL Media portal , to start an action plan.
What is an ESG action plan?
Creating a comprehensive action plan will help launch your ESG goals and drive progress on your initiatives. From clearly outlining aspirations, to identifying relevant stakeholders and communicating the value of the work, in a framework suitable for success.
basic ESG
An ESG action plan sets out the critical areas of focus to identify key issues, take action and make progress, and should include the following information:
What ESG topic will you focus on?
Who or who needs to be involved?
Why will it drive business value?
When will it be completed?
How to do it?
Once these points are identified, it is possible to create it.
ESG Action Plan Basic Guide
1. The what
Start your action plan by clearly outlining what you want to achieve. This is the most important step since it will define all the steps that follow. An example would be: Understanding organizational use of water to map risks, identify efficiencies and drive growth through ESG messaging.
2. To whom
Once you have a clear vision of what you would like to achieve, determine whether or not you have the resources to do it. What stakeholders should be involved, both internal and external? If you don't have the opportunity, what positions should be created or what partners should be brought on board to achieve this?
ESG risks in companies
3. Why
The “why” is your business case. Use this step to clearly show the value of investing in the ESG initiative and describe any barriers you may face, i.e. why investing is a good business decision.