Every business is deeply intertwined with ESG concerns. It makes sense, therefore, that a strong ESG proposition can create value. ESG stands for Environmental, Social, and Governance. ESG refers to the aspects of investing that are sustainable, responsible, or ethical. It’s a system for assessing a company’s or investment’s long-term viability in three areas: environmental, social, and governance.
This includes the energy your organisation consumes and the garbage it produces, as well as the resources it requires and the effects for living beings. Last but not least, carbon emissions and climate change are included in this criteria. Every business consumes energy and resources; every business influences and is influenced by the environment.
Discusses your company’s relationships and reputation with individuals and institutions in the communities where you do business. It also covers labour relations, diversity, and inclusion. Every business functions in a larger, more diversified society.
It is your company’s internal system of practices, controls, and processes for governing itself, making successful choices, adhering to the law, and meeting the needs of external stakeholders. Every legal entity, even a corporation, requires governance.
Environmental factors look at the conservation of the natural world, social factors examine how a company treats people both inside and outside the company and governance factors consider how a company is run.
Socially responsible investing, ethical investing, sustainable investing and impact investing are more general terms.
Any business’s environmental, social, and governance concerns are inextricably interwoven. Because it is considered as a strategy to protect businesses from future hazards, ESG has grown in relevance among investors, legislators, and other key stakeholders.
ESG consulting is the process of discovering any investment opportunities in a company’s portfolio as well as divesting from those that are not ecologically or socially responsible. Sustainable Investing encompasses this concept. Sorditcon is India’s first ESG consulting company that helps businesses and investors to identify what impact they have on society and the environment. Sorditcon informs their clients how much their investment is worth in different currencies by taking into consideration ethical impacts.
A corporation or organisation’s environmental, social, and governance (ESG) implications are detailed in an ESG report. It allows the business to be more open about the threats and opportunities it confronts. It is a communication tool that is crucial in persuading sceptics that the company’s efforts are genuine. ESG reporting includes both qualitative and quantitative measures that are used to assess a company’s performance in relation to ESG risks, opportunities, and initiatives.
A company must consider different factors while deciding its ESG policies. To begin with, it must assess where it stands when it comes to adopting ESG measures. Sorditcon helps businesses determine the most critical areas where ESG needs to focus on. It is critical to know that before adapting ESG policies your company must conduct an assessment among your investors, board, employees and customers. This will help in identifying key priority areas for ESG.
Make yourself aware about the latest ESG standards, frameworks and policies. You must know how to allocate resources and define your strategies with accountability measures.
Businesses that are serious about their environmental, social, and governance policies make it a priority for senior management and attach compensation to ESG measures. According to a Pay Governance survey conducted in January 2021, 29% of organisations have included ESG measures in their incentive compensation programmes, up from 22% in 2020.
Sorditcon Private Limited is India’s first ESG consulting company. We advise the green solution that aids in creating sustainable value for businesses. We specialise in ESG and CSR advisory, Branding and Marketing, Waste Management, Baseline and Impact assessments and ESG & E-waste Compliances and Reports.We are your one stop destination for ESG reporting, ESG consultancy, Digital Marketing and many more.