In today's world, businesses must go beyond profit-making and focus on Environmental, Social, and Governance (ESG) factors. ESG activities are critical for businesses to target investments, track progress, and secure profitable contracts. Consumers are demanding more transparency and better practices than ever before. Therefore, service and goods providers must prioritise ESG matters and make them a core part of their corporate strategy.
ESG considerations are not only good for the planet, but they are also good for business. Failure to implement an ESG strategy can result in losing support from employees, customers, and investors. As ESG frameworks become more widespread, organisations may lose their license to trade in stricter regulatory/ESG environments.
Investing in optimum ESG credentials can help businesses attract investors, customers, and top talent. With so much competition for talent, customers, contracts, and investors, it is not a space where anyone wants to be playing catch-up.