Governmental bodies and private and non-profit sector organizations are all essential stakeholders in the generation of shared value. By ensuring strategy is aligned with the wider sustainability agenda, organizations can become benefactors in social and environmental welfare while simultaneously securing economic prosperity.
With extensive and tailored service provision, EMG is a trusted partner in the realization of success through the practice of ESG.
Integrating an appetite for economic progress with ESG objectives provides not only a roadmap for competitive growth but can strengthen market position and where appropriate, transform and differentiate an organization in carving out a niche market.
An organization built upon responsibility is one informed of its social and environmental impacts and as such, one poised to tap into growth and investment opportunities. The process of developing a strategy captures this vital information which can be used to inform and enhance an organization’s development. Many forward-thinking organizations are already looking beyond their own immediate operations to those of their entire value chain and generating positive impacts on a global scale.
While our services are always tailored to meet the specific needs of the client, our services can be segmented into three general categories:
- Creating a first ESG strategy (for organizations new to the process)
- Optimizing an ESG strategy (for organizations that already have an ESG strategy)
EMG has extensive experience in creating holistic strategies that are integrated with an organization’s core objectives to generate real and measurable progress.
Our ESG strategy services include:
- Situational research & analysis
- Vision identification
- Benchmarking & performance
- Policy development & integration
- Action planning & targets
- Risk assessment & mapping
- Carbon footprinting & targets
- Positioning & communications
- Stakeholder engagement
- Strategy documentation
- ESG strategy implementation
- Code of Conduct & Ethics
About ESG strategy
Ultimately, ESG is a policy, the implementation of which integrates social, environmental and economic concerns into the values, culture, and decision-making processes of an organization or business. Better practices are established, and the employment of these practices necessitates the carrying out of strategies and operations in a transparent and accountable manner. It is becoming increasingly clear that organizations which make ESG central to their core values contribute both to their own wealth and to the wealth of society in general. Trust is built up with the community, and the organizations achieve an “edge” when it comes to attracting good employees, partners, and organizations with which to cooperate. Responsible attitudes can help build enormous worth for organizations and their shareholders.
The link between ESG and business success is becoming increasingly recognized worldwide. Above all, ESG is about sensitivity to the contexts, societal and environmental, in which it is being implemented, and it is related to performance. It is about moving beyond declared intentions to effective and observable actions and measurable societal impacts.
Performance reporting is all part of transparent, accountable and, hence credible, corporate behavior. There is considerable potential for problems if stakeholders perceive that an organization is engaging in a public relations exercise and cannot demonstrate concrete actions that lead to real social and environmental benefits.
This means that the central focus becomes valuing and protecting the workforce, the social community, and the environment, while ensuring economic stability and inclusive growth—the so called “triple bottom line”— people, planet, profit/benefit (society, environment, economy).
Success in implementing the triple bottom line (people, planet, and profit) is measured, not only by how prosperous or economically successful the organization is (profit) and/or the financial bottom line), but also by how positively the measures that are taken impact society (people) and the environment (planet).
Forming and developing meaningful and strategic partnerships with NGOs/foundations and other non profit organizations require the upholding of the organization’s values and ethics and a clear understanding of its current activities, as well as an appreciation and integration of the policy procedures that have already been established across that organization.