How Your Company Can Articulate Its ESG Plan Effectively
- Media Manager
- Aug 28, 2023
- 1 min read
Forbes
Written By: Jeffrey Bartel - Forbes Councils Member
Published: August 29th, 2023
Environmental, social and governance factors are becoming increasingly important considerations for companies of all sizes. That's because investors, consumers and stakeholders are seeking transparency and accountability from companies. According to research from Morgan Stanley, 70% of investors make decisions based on sustainable investment criteria, and another 14% actively consider doing so. This underlines the ongoing significance of incorporating ESG into your company's operations.
Creating and articulating an effective ESG plan not only aligns your company's actions with core values but can also enhance its reputation, attract investment and foster long-term sustainability.
A strong ESG plan should adopt a multifaceted approach. From an environmental perspective, it involves assessing your company's efforts to minimize its carbon footprint. This could range from reducing emissions and implementing energy-efficient practices to sustainable sourcing and waste management. Social factors, such as workforce diversity and community engagement, are equally important. Acknowledging the crucial influence of effective governance, an ESG plan taps into the company's leadership structure, board composition, ethical practices and transparency.
