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Environmental, social, and governance criteria are used as a framework by organisations to evaluate their success in these areas, as well as manage risk and capture opportunities. The key objectives of ESG go beyond making short term profit, aiming to create positive social and environmental outcomes, and long-term sustainability.
Businesses are under increasing external pressures from socially responsible investors to make ESG related disclosures, and all types of investors are more regularly considering ESG integration as standard in the investment process.
Creating your ESG Strategy
Beyondly’s flexible ESG offering enables you to choose the ESG factors most relevant to your business and create your own timeline, so you can start small and take advantage of low initial costs to begin your ESG roadmap.
By listening and understanding, we determine the most feasible and tailored approach to help achieve your specific ESG goals. This can include conducting materiality assessments and interviews with key stakeholders, through to data analysis and reporting on recommended improvements in each ESG area.
Environmental criteria address a company’s environmental impact and environmental stewardship. The escalating frequency of natural disasters due to climate change, alterations in environmental conditions leading to heightened depletion of natural resources, and health concerns stemming from pollution underscore the significance of addressing environmental considerations. Climate change has the potential to directly affect a company's assets and infrastructure, influence supply and demand dynamics, trigger changes in environmental and climate policies, with ensuing legal and regulatory implications.
Social criteria evaluates how a company manages relationships with and creates value for stakeholders. There is a growing investor interest in obtaining detailed information about how companies enhance workforce skills, manage risks related to supply chain oversight and product safety, as well as respond to high-profile human rights abuses, which can substantially affect brand reputation. The direct connection between employee and consumer engagement and overall profitability underscores the importance of these factors.
Governance criteria address company leadership and management philosophy, practices, policies, internal controls and shareholder rights. When information about a company or its products is limited, investors and customers tend to form assumptions about the quality of management. Insufficient accountability and due diligence can result in losses for both customers and investors. The level of transparency in disclosures and reporting serves as a reliable indicator of how well ESG factors are integrated into the daily business operations of a company. This integration not only helps prevent opposition from stakeholders but also contributes to the creation of long-term value.
Working with Janus International Europe
“I would like to thank you for an exceptional ESG report providing plenty of scope for improvement within our business and much food for thought for myself as I formulate our sustainability roadmap process. We will digest the content of your report and the recommended actions ready to implement them next year."