ESG: Environmental, Social, Governance
Environmental, Social, and Governance (ESG) refers to a framework for stakeholders to understand how a company manages risks and opportunities related to environmental, social, and governance factors. Below we’ll explain each component, why companies should invest in ESG, and how Green Impact can help. Are you interested in implementing ESG strategy for your company, but don’t know where to start?
Environmental
Environmental factors refer to an organization’s environmental impacts and risk management practices. This includes direct and indirect greenhouse gas emissions, impacts on natural resources, and the organization’s resiliency against climate risks (flooding, fires, climate change, etc).
Social
The social category refers to an organization’s relationships with stakeholders. This can be measured through metrics such as diversity, employee engagement, labor practices, and influence on the communities in which it operates.
Governance
Corporate governance refers to how an organization is led and managed. Governance encompasses factors such as leadership incentives’ alignment with stakeholder expectations and internal controls to promote transparency and accountability.
Why Invest in ESG?
Consumers
Investors
Value Creation
Sources: Perillon, McKinsey
ESG Reporting Made Easy
Start with an ESG Roadmap to guide you as you become an ESG leader in your industry. Green Impact’s ESG experts create customized and detailed road maps so companies like yours can create a cohesive ESG strategy and measurable goals to work towards!
Are you interested in ESG but don’t know where to start? Take our free ESG Assessment!
With a Net Zero Cloud implementation, your team can host your ESG data in one single source of truth. Our expert materiality assessments will give you a clear starting point to understand your current environmental, social, and governance impacts. Customized analytic dashboards will help you stay on track to meet your goals, delivering data-driven insights to inform your next steps.
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