The environmental, social and governance (ESG) agenda is one that has become increasingly important to organisations.
British Business Bank defined ESG as “a set of standards measuring a business’s impact on society, the environment, and how transparent and accountable it is”. An organisation’s ability to positively contribute to the environment and communities it serves can have a huge impact on investment opportunities, the number of consumers that want to engage in the business, and a company’s ability to attract and retain top talent.
This chimes with data from OpenText which found that also two-thirds (64%) of 18 to 24-year-olds wouldn’t buy from a company again if that organisation was accused of working with unethical suppliers. Other data from the CBI found that two-thirds of investors take ESG factors into consideration when investing in a company – meaning that this has the ability to boost business whilst also having a positive impact on the environment.
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