For those who hear the phrase ‘ESG’ and shrug or pay it only lip service: think again. Companies who develop and deliver on their Environmental, Social and Governance considerations not only ensure they are meeting their statutory obligations but can become better businesses too.
Better in terms of attracting and retaining a committed workforce, better in terms of engaging with their local communities, and better in terms of attracting the interest of investors. For SMEs struggling with challenging economic headwinds and getting themselves noticed, spending more time and effort to consider ESG could be a worthwhile exercise.
I advise companies and organisations, from start-ups to large firms – and a global non-profit – on creating frameworks and strategies around improving their ESG corporate credentials. Much of what I discuss with big businesses can be useful for small and medium sized companies too.
Despite some claims that ‘ESG is dead’, there’s a growing awareness of the role of ESG in helping companies better understand risks and issues and put the appropriate mitigations in place. And there’s a huge interest in this area. In 2020, I set up a group on LinkedIn – ESG in Real Estate – which now has over 6,500 members from around the world.