Environmental Social and Governance 

The ESG lens helps assess how an organization manages the risks and opportunities created by changing conditions, such as shifts in environmental, economic, and social systems. Your business, like every business, is deeply intertwined with environmental, social, and governance (ESG) concerns. It makes sense, therefore, that a strong ESG proposition can create value here. 

Environmental

The environmental element involves identifying at how a company or organization uses natural resources across its operations. In other words, this element considers how these companies or organizations use energy and manage the environmental impact that their operations have.

Some factors considered here include:

• Climate change.
• Carbon emissions.
• Opportunities in renewable energy and clean technology.
• The use of natural resources.
• Biodiversity and land use.
• Waste management.

Social

The social element focuses on companies, people, culture, and their effect on the broader community. This element focuses on a company’s business relationships, the suppliers it uses, its contributions to the community, and the working conditions of its employees.

Some factors considered here include:

• Product liability
• Social opportunity
• Product safety and quality
• Human capital management and development
• Supply chain labor standards
•  Privacy and data security

Governance

Finally, the governance element involves looking at a company or organization’s internal controls, practices, and processes it has in place to comply with legislation and regulations. This, for instance, include that a company uses accurate and transparent accounting methods, implements proper shareholder voting processes, and doesn’t engage in any illegal practices.

Some factors considered here include:

• Corporate governance
• Business ethics
• Board diversity
• Text transparency
•  Accounting

Asppec has a team of qualified professionals who can help you to develop ESG strategy for your organization, provide you support on development of oportunites, initiatives, targets, development of performance indicators, and final reporting of ESG. 

Drop an email to discuss the oportunities further.