Why ESG & Sustainability
- Enhanced Reputation and Brand Value:
Clear ESG and sustainability practices demonstrate a commitment to responsible business operations. This transparency builds trust with stakeholders, including customers, investors, and the community, thereby enhancing the organization’s reputation and brand value.
- Risk Management and Compliance:
Understanding and integrating ESG and sustainability factors help organizations identify and mitigate risks associated with environmental impact, social responsibilities, and governance structures. This proactive approach ensures compliance with regulatory requirements and reduces the likelihood of financial penalties and legal issues.
- Operational Efficiency and Cost Savings:
Implementing sustainable practices often leads to increased operational efficiency and cost savings. By optimizing resource usage, reducing waste, and improving supply chain management, organizations can lower operational costs while contributing positively to the environment.
- Attracting Investment and Talent:
Investors and top talent are increasingly prioritizing ESG and sustainability criteria when making decisions. Clear and effective ESG practices make an organization more attractive to socially responsible investors and skilled professionals who value purpose-driven work environments. This can lead to increased capital inflow and a more engaged, productive workforce.
The majority of large companies worldwide have undertaken ESG (Environmental, Social, and Governance) and sustainability initiatives. According to a report by Thomson Reuters, 95% of major global companies disclosed ESG information in 2021, showing a consistent increase from 91% in 2019 and 92% in 2020 (TR Tax & Accounting) (Thomson Reuters: Clarifying the complex). Additionally, a KPMG survey highlighted that 71% of the N100 companies, which represent the top 100 firms in each country, include sustainability data in their financial reports (KPMG).
Despite this high rate of reporting, many companies still lack a formal understanding and commitment to ESG principles. This gap underscores the need for specialized ESG expertise to ensure comprehensive and effective sustainability strategies.
At Imara Sustainability Experts, we partner with you to support your sustainability growth, offering tailored solutions within your budget to ensure your long-term success.
