FREE webinar 5th of May at 11 am – Does ESG Matter?
I am delighted to have been invited to join the Responsible Futures FREE webinar on the 5th of May at 11 am GMT+1 – Does ESG Matter? By registering you will be sent a recording of the webinar in case you can’t make the date – https://lnkd.in/eqq2MdkR
What is ESG and does it matter? Is having a sustainability and social responsibility strategy the same and how do the two overlap?
Companies, their investors, and other stakeholders are becoming increasingly interested in ESG (Environmental, Social, and Governance).
A symbiotic relationship between ESG and CSR
These two terms emerge frequently in corporate discourse: Both terms relate to the social responsibilities of businesses. While CSR holds businesses accountable for their social commitments in a qualitative manner, ESG helps measure or quantify such social efforts.
We are going to delve deep into ESG as it may not be what you are looking for or what you understand it to be and you simply need to define your sustainability and social responsibility strategy. Or do you need to be measured on your ESG to help with your board objectives and investment strategy.
What is CSR Accreditation?
Achieving CSR Accreditation is a visible testimony of excellence in Social Responsibility. The accreditation helps you integrate social, environmental, ethical, human rights and consumer concerns into your business operations and strategy.
A CSR Accreditation can be used to:
- Become ESG Compliant – It delivers the information required for ESG (Environmental Social Governance) reporting
- Identify the United Nations Sustainable Development Goals (SDG’s) which you may wish to support.
- Write a Social Value policy
- Reduce negative impact on climate change – Race to Zero
- Produce a Social Impact Report.
- Enrich, enable and engage employees, shareholders and stakeholders.
CSR-A run the only CSR Accreditation scheme in the UK and now operate globally
The CSR Accreditation is an effective way to benchmark what you are already doing with regard to social responsibility. It is a process in which you collate, measure and report on your organisation’s socially responsible activities. An accreditation will also provide you with a roadmap for planning future activity.
This is a fully holistic and inclusive approach that allows for all organisations – private, public and third sector and is for all sizes from sole traders to large corporations. It employs a white paper approach that promotes an organisation’s individuality.
The application process provides a simple and straightforward template where you record activity against the Social Responsibility ‘Four Pillars’ of environment, workplace, community and philanthropy. Each Social Responsibility Pillar is designed to help you impact report on areas such as energy performance, recycling, staff engagement, health and well-being, community engagement and support for local and national charities.
The establishment of a CSR Accreditation is a crucial component of a company’s competitiveness and something that should be led by the business itself. For companies, the overall aim is to achieve a positive impact on society as a whole while maximising the creation of shared value for the owners of the business, its employees, shareholders and stakeholders.