Reducing our human impact on the environment and meeting new sustainability requirements set by governments and stakeholders require organizations to actively improve their sustainability/ESG performance in all aspects of their business. Improving their ESG performance will require organizations to firstly review their business activities and supply chain and identify how they impact the environment, their employees, and the communities in which they do business. It requires that they also look at their financial activities and identify where bad environmental and social practices are impacting or could impact their bottom line.
Secondly, it will be helpful to benchmark their current performance against known criteria/ standards in the industry to determine how well they are performing, giving them credible data to base their business decisions. Thirdly, they will be able to identify areas where improvements are needed with the data collected. At this point, programs and projects can be created and implemented to address these areas.
Organizations ignoring the need to examine their ESG performance expose themselves to business risks that can cost them clients, employees, and investors. The cost to mitigate issues arising from the negative impacts of an organization’s business activities and the activities of its suppliers have been known to be very costly. Understanding this, the need to balance profit-making activities with activities that benefit the environment and society at large becomes justifiable.
EnvironFocus offers ESG Performance Benchmarking and Improvement services to our clients. Our staff will work with your organization through the process of measuring and benchmarking your ESG performance to develop and implement sustainability programs in alignment with your existing business activities based on industry best practices. Using a combination of frameworks, we can identify areas in your business that will mitigate your business’s risk-taking into consideration the financial, environmental, and social aspects. Once we determine your risk areas/ materiality, we help you improve your sustainability profile with program development and implementation based on your business processes. You will have the option to tap into our in-house ESG programs [EnvironFocus-KCEP, Safe Drinking Water Project, Access to Clean Energy, Sustainability Webinar Series]. Finally, we will showcase your new programs and processes in our online magazine and our vast global network to give your business the recognition it deserves.
This service helps organizations improve their brand reputation and reduce their business risk in the communities they serve, translating to increased market share locally and globally and more revenue generation. Investors are interested in businesses with a good reputation.
You will have the option to take advantage of our GRI – Sustainability Reporting services at an additional cost. If you would like to find out more about how we can help, get in touch with us at 1800 474 2650 or send an email to firstname.lastname@example.org
ESG Performance Benchmarking and Improvement
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- EnvironBuzz™ Mag, Best Green Business Blog on the Web - January 14, 2022