ESG stands for Environmental, Social, and Governance – a comprehensive framework used by the top socially conscious investors to evaluate a company’s ethical practices and capacity to operate as an environmentally sustainable business. When your business is ESG certified, you’ll get the attention of the people who really matter when it comes to getting your project off the ground.
01
Unlike the other two pillars, there are already well-established mechanisms in place to monitor the environmental impact of businesses. Companies have the ability to gauge their environmental efficiency by tracking factors such as their commitments to stopping climate change, their use of natural resources, the frequency and scale of their pollution and waste production, and how many environmental opportunities they create for their community.
02
03
Skyrocket your company’s sustainability by dropping your energy consumption, shrinking your carbon footprint, and cutting costs!
Many people use these terms interchangeably, okay… maybe not bears, but it’s important to remember that sustainability is just one component of the broader ESG framework. While sustainability is centered around operating a profitable company without causing excessive harm to the environment or the many critters that live in it, ESG practices include a more comprehensive approach to evaluating a company’s impact on the environment, social issues, and governance.
Being a sustainable company means having the ability to achieve financial success without compromising on ecological responsibility. However, you should always strive to put ESG practices into play, because they go beyond sustainability by also encompassing your company’s social and ethical impact.
Companies with high ESG performance have lower risks, higher returns, and greater resilience during a crisis.
Millions of American consumers prioritize a company's positive environmental impact before making purchasing decisions. As a result, businesses that prioritize ESG practices have a significant advantage in attracting these environmentally conscious consumers.
Optimize your operations, reduce waste and emissions and promote a culture of responsibility and efficiency among your employees when you invest in ESG practices.
When prioritizing ESG practices, you can proactively comply with regulations and avoid any potential downtime or penalties associated with non-compliance. Implementing sustainable practices not only ensures adherence to existing regulations, but also future-proofs your company against any upcoming environmental policies.
When you implement ESG practices into your business, younger generations will be drawn to your company because of your positive impact on both society and the environment. On the other hand, businesses associated with ecological disasters or social welfare scandals can face long-lasting reputational damage and require significant investment to recover.
When you adopt waste reduction practices like limiting printing and installing LED lights to more impactful interventions such as onsite renewable energy generation, you can not only reduce your environmental impact, but also experience significant cost savings in the long run.
For many years, it has been widely recognized that sustainability is not only beneficial for the planet but also for business. When you switch to solar, you can save between $20,000 and $97,000 over the lifetime of your solar panel system, depending on the cost of electricity in your area.