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Environmental, Social and Governance

Environmental, social and governance (ESG) are a set of standards for company operations and is a measure of an organisation’s awareness of social and environmental factors which are now becoming criteria used by many socially conscious investors. It can be thought of as a form of corporate social credit score and considers various factors from the Environmental, Social and Governance fields such as:

Environmental

Waste and pollution
Deforestation
Climate change
Resource depletion

Social

Conflict
Health and Safety
Employee relations & diversity
Working conditions
Local communities

Governance

Board compensation, diversity and structure
Tax strategy
Executive pay
Corruption
Political affiliations and donations

esg

This is now becoming more important for every organisation and can certainly add creditability and weight to a company’s reputation which can help to give an edge in an increasingly competitive market.

Investors in recent years have shown interest in putting their money where their interests are aligned and as a result, brokerage firms and mutual fund companies have started offering Exchange Traded Funds (ETF’s) and other financial products that follow ESG criteria. This is often referred to as sustainable or socially responsible investing and to assess a company based on ESG criteria, investors will look at a broad range of behaviours.

The benefits that an organisation will get from implementing ESG initiatives include improving environmental performance, managing risk, improving people relationships, as well as legal compliance and transparency.

Vassallo Associates can offer consultancy services to help an organisation with its ESG goals, these services are categorised in line with the 3 specific areas of the ESG shown in the 3 columns above.

Environmental
ISO 14001 Environmental Management
ISO 50001 Energy Management

Social
ISO 45001 Occupational Health & Safety Management
ISO 2600 Social Responsibility

Governance
ISO 37001 Anti-Bribery Management

By utilising our consultancy services, you can bring your company in line with the ESG criteria that is now becoming so important for companies to stand out from the crowd and strengthen their investment potential as well as aligning with the UN’s Sustainable Development Goals.

Contact us now to arrange a pro bono (no obligation) consultation to discuss your requirements.