Using tools to aid your reporting
It’s more important than ever for businesses to not only set their ESG goals, but actively work toward them for the benefit of people, profit, and the planet. Here are three top tips to make your ESG strategy a reality:
Create a cross-functional ESG teamAs ESG is a company-wide initiative, the responsibility should not sit with one department. No matter your company size, it is important that a dedicated team is built who are committed to creating, implementing, and managing the ESG programme.
Deliver continued training and communicationsESG and sustainability reporting can often be mistaken as ‘hot topics’ that come and go. To gain internal mobility, continue to deliver regular training and updates on progress with your business’ ESG goals and integrate it within the company culture.
Make use of the tools availableESG reporting tools can support in several different ways. Most importantly, they offer a central source for data to be collected and analysed, making it easier to identify trends and spot opportunities using trusted insight. These tools also support improving cross-function communication, offering a central engagement platform for stakeholders to report on.
Greenwashing is a problem. That's why the practice of just sticking a label like ESG on a company or a project isn't good enough. We need to have a systemic approach. We have to approach it from the ground up with systems design, not from the top down with labels.
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth