Environmental, Social, and Governance (ESG) reporting has become an essential part of corporate leadership. This tends to positively impact a company’s reputation, legal standing, and financial performance.
Many EHS professionals are already familiar with ESG-related programs and have access to a wealth of data. So, they’re well-positioned to lead the charge on initiatives designed to improve the organization’s competitive edge.
- Putting together an ESG strategy is a five-step process that starts by developing your mission.
- The next step is to determine your objectives and strategies for measurement to support this mission.
- Once you’ve developed your measurement strategies, identify your organization’s risks and opportunities.
- To ensure success, you’ll want to take steps to gain buy-in from both senior leadership and your employees.
- And finally comes reporting and transparency to build trust in the organization’s commitment to sustainability.
For EHS professionals tasked with supporting ESG initiatives, having these five steps at the ready provides a road map for success. By following these steps you’ll be positioned to make fundamental changes—building trust among stakeholders while bolstering reputation and financial performance.
Developing and reporting on ESG performance demonstrates strong corporate leadership and governance. This positively impacts a company’s brand, legal liability, and financial position.
EHS professionals are uniquely positioned to take the lead on ESG initiatives. You’re already managing several programs that fall under the ESG umbrella. You have a great deal of data at your fingertips. And you understand the value engaged employees people bring to the programs under your purview.
In short, you’re in a perfect position to drive performance improvements across the organization and help maintain a competitive edge.
Many organizations have a lot of this data at their fingertips.
Organizations can strengthen their ESG programs by capitalizing on the data they already have available. By evaluating this data and flowing it into your reporting framework, you can pinpoint improvement areas and tackle obstacles that stand in your way. You’ll want to determine not only what you’re going to measure but how often as well.
Perhaps you produce:
- An annual ESG report,
- with quarterly updates,
- and monthly stakeholder reviews.
Reporting is the first step towards transparency.
Ultimately, transparency means communicating your ESG ambitions and following through. Showcase the steps you are taking to make a positive difference. Using your reporting standards keeps your employees, management teams, customers, or investors in the loop as progress is made!
Keeping your ESG data organized, up-to-date, and transparent is no easy task.
ESG is an essential part of any success story, and transparency into the data and goals companies have for their environmental, social, and governance policies allows for sustainable growth. Collecting and measuring data will help you create actionable strategies that lead to sustainable development.
As a leader in the ESG landscape, KPA can provide reliable guidance toward achieving your organization’s sustainability objectives. We understand that developing a proper ESG program takes time, so research what goes into it as much as possible before starting your journey.
Get a jump-start on your ESG efforts today – give KPA a call to see how we can help you develop and maintain an effective program.
How KPA Helps Support Your ESG Goals
KPA’s here to help by providing consulting, software, and training to align with your ESG mission.
KPA provides consulting and training to help ensure you’re minimizing your impact on your local environment. This can span ensuring compliance with environmental regulations, to helping develop strategies and best practices for reducing your environmental waste streams.
KPA’s 35 years of health and safety experience are here to help you develop an initiative that shows you put people first. Rely on safety program data, comprehensive training library, and usage metrics to demonstrate your organization values people both inside and outside the company.
Lean on KPA’s comprehensive policy and training libraries along with in-depth reporting to demonstrate your organization follows good governance practices. This is governance that spans ethical sales practices, adherence to a comprehensive code of conduct, and audit trails that demonstrate your commitment to good governance.