ESG Compliance

An Environmental, Social and Governance Report (ESG) is a statement from a company announcing its current commitment to any environmental, social and governance issue. It states how they are going to act in the future regarding these credentials.

The purpose of an ESG report is to state the purpose and values of the company. This will lead to increased trust from stakeholders such as investors, suppliers, customers, and employees. An ESG is a communication tool to document your company’s efforts to be environmentally and socially conscious.

Companies only need to create one ESG report, which they will keep updated and use whenever it is required.

While not a legal requirement, it is important to show your customers and clients that you care about ESG issues. There is a shifting expectation of what information companies need to share. 

There is a growing demand for companies to be honest and transparent in their disclosure on their ESG commitments from their stakeholders and the UK Government.

Customers, clients and shareholders are starting to base decisions on a corporation’s commitment to combating climate, social and governance issues. 

There is not set date by which an ESG report needs to be completed. However, getting an ESG report done is beneficial to financial and organisational progress.

Getting an ESG report done and advertising it will boost your business’s image for customers and investors, so the sooner you get this advertised the better. Being transparent with your company’s values and functioning is beneficial to performance, so we encourage you to get your ESG report done soon.

Enistic is a tried and trusted brand, helping some of the best-known businesses and largest companies in the UK comply with sustainability regulations. We have the expertise and know-how to successfully guide you through the process. 

You will need to include the following in your ESG report:

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• – Details on your environmental reports and plan of action.
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• – Details on your social reports and how are you going to improve them.
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• – Details on your governance reports and plan of action.

The purpose of an ESG report is to state the purpose and values of the company. This will lead to increased trust from stakeholders such as investors, suppliers, customers, and employees. An ESG is a communication tool to document your companies efforts to being environmentally and socially conscious.

An ESG report can:

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• – Show transparency to your customers about the running of your business
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• – Adds to the company and brands story
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• – Provides investors with useful information
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• – Show shared values between customer and company values
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• – Opportunity for the company to demonstrate its stance on global issues
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• – Failure to manage ESG risks can lead to reputational damage which affects company profits