Category: ESG Explainer
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What are the reporting frameworks? How do they differ?
There are many methods of ESG reporting because there are many types of businesses. Even within the same industry, companies will choose the ESG framework that best meets their needs.
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Where to Start With ESG in Your Organisation
Step 1: Envision Look at how the information on ESG principles and practices shared in this document applies to your company. Get a sense of where your company stands right now in each area: Environmental, Social, and Governance. Put your biases and assumptions aside. This can be tricky, but being able to look in the…
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What Does A CSO Do?
There are many benefits to making ESG the heart of your company’s mission. These include increased profits, a better reputation, and attracting talented workers. And businesses that prioritize sustainability outperform those that don’t. So how do you create an effective ESG program? Appoint a Chief Sustainability Officer (CSO) or an ESG Lead. Even though this…
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Who In the Company Should Be In Charge of ESG?
Every job is a climate job. Every employee deserves a safe workplace. Every business impacts the world. Generally, ESG falls to the CSO Chief Sustainability Officer (CSO) or a committee dedicated to sustainability issues. Some organizations add ESG to their compliance officers’ duties. If the company is small enough, the owner may choose to take…
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What Impacts the Materiality Analysis?
An ESG materiality analysis determines whether an ESG factor is important and relevant to your company. These factors become the basis for your ESG reporting. How do you decide which factors are important and relevant enough to report on? Your decision could be based on these four key areas: What is considered important: The characteristics…
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What is Materiality Analysis in ESG
Materiality: the ESG measurements that are relevant and important to your company. This goes beyond government regulations and looks at the things that are risks and opportunities for a company. Double materiality: Also called dual materiality. A company must consider relevant and important data for financial and societal issues. Every ESG framework measures dozens of…
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What are Companies Doing About ESG?
More companies than ever recognize the benefits of ESG. And there are as many ways to approach ESG as there are companies embracing it. How companies are addressing ESG: References Diligent. 2020. “What Is ESG? An Environmental, Social and Governance Guide – Diligent Insights.” Diligent.com. 2020. https://www.diligent.com/insights/esg/. ICSC. 2022. “ESG Sounds Great, but How Do…
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Why Integrate the E, S, and G?
Should a company focus on all three areas of ESG at the same time? Why not just aim at one, instead of trying to tie them all together? ESG has influenced how businesses operate due to the social and legal reforms that have been in place over the past 40 years. Even if they are…
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Why does ESG matter?
Companies benefit from ESG for a variety of reasons. Customers demand to know the impact companies are having on the world. Employees prefer to work for organizations that share their ethical values, therefore they want businesses to improve in terms of governance, social, and environmental challenges. Investors now frequently examine ESG reports before making an…
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What is ESG?
the first of our 11 part series on ESG. ESG: a way for businesses and other organizations to measure and manage their sustainability in environmental, social and governance domains. ESG stands for Environmental, Social and Governance–the three pillars of an environmentally and socially responsible company. The objective of ESG is to identify all non-financial risks…
