Environmental, Social, and Governance (ESG) has beyond basic buzzword
status. It is emerging as the foundation of enduring company success.
Integrating ESG concepts into your company's core can enhance brand
recognition, attract discerning investors, and optimize operations.
Understanding the ESG Puzzle
Making ESG a Reality
To truly embed ESG into the business, should
begin by assessing your current ESG performance. Identify the strengths and
weaknesses to identify areas for improvement. Next, set distinct, measurable,
and achievable ESG goals aligned with your overall business strategy. Integrate
ESG considerations into every decision, from product development to supply
chain management. Build strong relationships with stakeholders, actively
seeking their input on ESG issues. Regularly report on your ESG progress to
ensure transparency and accountability. Foster a company culture that values
sustainability and empowers employees to contribute to ESG initiatives.
Finally, invest in innovation to find innovative solutions to address ESG
challenges and drive sustainable growth.
References:
- United Nations Global Compact: https://www.unglobalcompact.org/
- Sustainable Accounting Standards Board (SASB): https://www.sasb.org/
- Task Force on Climate-related Financial Disclosures (TCFD): https://www.fsb-tcfd.org/
- Global Reporting Initiative (GRI): https://www.globalreporting.org/
Prepared
by:
1. Dr Anis Sabirin binti Baharom
2.
Dr Wan Nazirah binti Wan Adnan.
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