Sustainable stewardship and reporting is an important area of focus for Chief Sustainability Officers (CSOs) and Sustainability Managers. As sustainability initiatives become a larger part of the corporate agenda, having reliable data and information to monitor progress is essential.
ESG stands for ‘Environmental Social Governance’ and covers a variety of issues important to today’s business environment such as climate change, waste management, human rights, gender equality, animal welfare, and access to clean water.
Increasingly companies are incorporating ESG considerations into their operations in order to meet customer demands for more ethically driven products or services. ESG measurements provide a way for businesses to measure their environmental footprints, assess their social impact and ensure good governance practices are adhered to. Such metrics are critical to understand when evaluating sustainability performance as they provide insight into the success or otherwise of sustainability initiatives from both a bottom-line perspective as well as a societal one.