An ESG report is a report published by an organisation about environmental, social and governance (ESG) impacts. It enables an organisation to be more transparent about the risks and opportunities it faces, providing a snapshot of the impacts for employees, investors, customers and wider stakeholders.
The ESG report’s have three key elements containing a wide range of useful topics.
Environmental: this includes topics such as climate change, pollution and waste, carbon footprint, biodiversity and natural resources.
Social: this considers issues such as labour management, health and safety, access to communication, donations and social programs.
Governance: this topic is concerned with organisational behaviour, tax transparency, board / employee diversity, corruption, instability and executive pay.
With sustainability, in every sense, becoming increasingly important for all organisations, across all industries, executives are realising that a sustainability strategy is necessary to sustain the organisation in the longer term.
In a business sense, sustainability is an approach to creating long-term value by taking into consideration how a given organisation operates in the ecological, social and economic environment. Sustainability is built on the assumption that developing such strategies foster company longevity.
As the expectations on corporate responsibility increase and as transparency becomes more prevalent, companies are recognising the need to act on sustainability. Professional communications and good intentions are no longer enough.
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