Are you ready to implement sustainability initiatives in your workplace?
According to a report by PWC, 91% of business leaders believe their company has a responsibility to act on environmental, social, and governance (ESG) issues.
The ESG criteria were developed as a yardstick for potential investors to evaluate how companies perform as ‘stewards of nature’.
The three letters E, S, and G underline the following:
E, environmental, targets the company’s impact on climate change and the efforts to reduce greenhouse gas emissions and energy savings.
S, social, focuses on the company’s societal impact and relationships through human resource policies, working conditions, diversity, inclusion, fair wages, and respect for human rights.
G, governance, explores the internal structures, ethical practices, transparency in corporate governance, procedures, and management of legal and regulatory risks.
What is driving the ESG momentum?
Government regulations and shareholder preferences are pushing organizations to rethink their workplace to align with ESG. The forces combine to make a case for sustainability:- Companies can no longer turn a blind eye to the inescapable effects of climate change and critical social issues.
- More and more, consumers are leaning towards brands that contribute to the well-being of society and the planet, prioritizing them over companies solely focused on profits.
- Investors now integrate ESG metrics into their decision-making process, recognizing that robust performance not only forecasts future financial gains but also reduces business risks.