Sustainability Magazine November 2023 | Page 67

ESG
Sustainability - A much broader , umbrella topic that is comprehensive of general environmental and social wellbeing . This can also include economic stability , community engagement , and other ethical practices of business .
Why become accredited for ESG proficiency ? ESG accreditation is more than simply a tick-box exercise . For professionals and businesses , it ’ s a chance to showcase proficiency in the key sustainability pillars that impact global market trends , therefore opening up new methods of building trust and aligning with partners and key stakeholders . Also , as investors begin to pay closer attention to ESG , accreditation is one of the ways to showcase clear proficiency to a set standard or framework .
Aside from stakeholder engagement , organisations can shift the mindset of their employees through education and
documentation of key climate targets and metrics to boost the importance of ESG among teams .
ESG compliance can be measured by a few different accreditation frameworks , however , this is not exhaustive – organisations are encouraged to go above and beyond their requirements and consistently challenge their positions to incorporate new innovative sustainability efforts into their strategies .
Key ESG accreditation and frameworks Navigating the different ESG certifications and requirements can be challenging for businesses undergoing this process for the first time . There are a number of accreditations in the market today and lots of information to decipher .
Many of the frameworks out there today are there to provide professionals with the ability to successfully report on their ESG credentials in a way that is presentable to a number of business applications .
sustainabilitymag . com 67