FINANCIAL AND CORPORATE BUSINESS IMPLEMENTATION OF ESG PRINCIPLES
& REQUIREMENTS FOR CORPORATE SOCIAL RESPONSIBILITY
Implementing ESG practices across an organisation requires having a solid ESG strategy supported by all. It needs leaders who understand and can respond to the growing regulatory demands for sustainable practices. It calls for individuals who can challenge how things are done to achieve a greener, more equitable organisation expected in today’s world. Our SPF CONSULTANCY ESG STRATEGIES ensure the clarity on: -Why and how to prioritise ESG in the organisation -Actionable frameworks to implement an effective and sustainable ESG strategy -How to lead a successful and sustainable ESG transformation
We ensure that annual reports the business or financial organisation is required to submit cover all necessary environmental, social, and governance issues in this particular manner: -ENVIRONMENTAL: They focus on how the company is combatting climate change, reducing carbon emissions and waste, and using resources and supply chains responsibly -SOCIAL: What the company is doing to improve people’s lives. This covers the company’s efforts to nurture workers and the surrounding community, how inclusive they are of people of colour and minorities, how seriously they take data protection and privacy, community involvement, and human rights and labour standards. -GOVERNANCE: What the company is doing to promote equality within the company. This covers internal controls as well as any policies, principles and procedures they have for the Board of Directors and other executives. It also looks at whether the company is making political contributions, lobbying etc.
With ESG reporting becoming a standard requirement for organisations, setting up a structured data collection process is essential to ensure compliance with regulatory mandates and industry standards. Reporting should leverage today’s cutting-edge digital tools, the ones powered by artificial intelligence, machine learning or robotic process automation technology, to create repeatable, scalable processes to collect and calculate ESG data.