a catalyst to ESG according to Jonah , the first being that it promotes transparency and accountability .
“ Both transparency and accountability are fundamental to help accurately measure ESG metrics for a positive impact ,” he explains .
“ Having strong corporate governance basically establishes the foundation in the organisation to be able to strategise , guide and execute all ESG initiatives with meaningful metrics .”
The second ? Aligning stakeholders . “ It helps align business and social impact strategies across diverse stakeholders of a company ’ s value chain ,” Jonah explains .
“ If a company wants to have a lasting and positive impact , it needs to focus on the issues that are meaningful to its mission as an organisation .
“ The key to having a successful ESG strategy is to develop it aligned with the company strategy and business priorities . This way all the material aspects of ESG will be relevant to your corporate stakeholders .”
Expecting the unexpected As climate risk increases , reporting can become more challenging for companies that are not prepared . But for those that have the foresight to be on top of regulations , keen reporting can be an essential risk management tool .
70 June 2024