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:
- Creating an “in-house” team to manage ESG reports and implement strategies.
- Hiring consultants to develop all or part of their ESG plan.
- Learning about effective ESG planning through interviews, focus groups, and literature reviews.
- Inviting employees to propose and contribute to company-led ESG programs.
- Hiring communications agencies to clarify their ESG strategy to their customers, investors and employees.
- Learning from business and thought leaders from around the world at conferences.
- Investing in programs that improve workplace culture.
- Using recognized frameworks (#ESGframeworks) to guide their goal setting and process evaluation.
- Adopt ESG as a talent management tool to entice ESG savvy employees.
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 You Do It?” Icsc.com. 2022. https://www.icsc.com/news-and-views/icsc-exchange/esg-sounds-great-but-how-do-you-do-it. Accessed 30 June 2022
Cornell SC Johnson College of Business. 2021. “EMI Conference – the Emerging Markets Institute Conference 2021.” Cvent.com. 2021. https://web.cvent.com/event/ddf0c8a3-b5f7-4f10-9241-141ed83def3b/summary. Accessed 30 June 2022
Cornell SC Johnson College of Business. 2021. “Emerging Markets Multinationals: Building the Future on ESG Excellence.” Brochure. https://cornell.app.box.com/v/emiconference2021brochure. Accessed 30 June 2022
“THE 17 GOALS | Sustainable Development.” 2022. Un.org. https://sdgs.un.org/goals. Accessed 30 June 2022
Thygesen, Tine. 2019. “Everyone Is Talking about ESG:What Is It and Why Should It Matter to You?” Forbes, November 8, 2019. https://www.forbes.com/sites/tinethygesen/2019/11/08/everyone-is-talking-about-esgwhat-is-it-and-why-should-it-matter-to-you/?sh=5cf5189232e9. Accessed 30 June 2022
Read the next post in our 11 part ESG Series:
What is Materiality Analysis in ESG?
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