Five Reasons to Develop Women to Lead and Influence Your Corporate ESG Operating Models
You’ve definitely heard the acronym by now: ESG, or “environmental, social, and governance.” It’s the new movement for clearer corporate accountability in lieu of growing interest in the environmental and social outcomes of businesses. As investors continue to consider the risk and value of ESG, there’s a lot more pressure on national and international corporations to build ESG operating models to practice and report their accountability.
It’s no wonder why. Building a tailored ESG initiative has become another step in future-proofing your business’ operations, outlook for investors and stakeholders and your public-facing brand. Of course, that doesn’t mean it’s easy. Successful corporate ESG programs have a lot of moving pieces, and there isn’t much room for error now that companies are expected to measure and report the ESG impact on their supply chains, general operations and partners.
In most cases, building an ESG team will require legal experts, internal auditors, technology experts and communicators. Of course, a commitment to diversity while assembling this team is important to keep in mind — not only is that a critical part of ESG, but it’s also essential to maximize success.