Step 1

Pre-Execution of Sustainability/ESG
Enhancement

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Sustainability (market demands) focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. The concept of sustainability is composed of three pillars: profits, planet, and people. 

Sustainable Business is an enterprise (business alignment) that has minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that strives to meet the triple bottom line. Increasingly, companies are making public commitments to sustainability that that work toward a more sustainable future.

Environmental, Social, and Corporate Governance (ESG) are three central factors in measuring the sustainability and sustainable business credibility of a company. ESG as “a generic term used in capital markets and used by investors (capital interest) to evaluate sustainable corporate behaviours and to determine the future financial performance (potential) of companies.”

Sustainability/ESG Enhancement Tools and ESG Reporting System is complementary relationship. The Tools embed People-Centric Approach so your team members understand the specific behaviors they need to exhibit in achieving results. The People-Centric Approach is useful in involving internal or externalpeople (empowerment) to working towards Sustainability/ESG together.

 
 
 
 

People-Centric Approach

ESG-Goodwill

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What Do People Want to Feel?

Objective of Step 1:

The Pre-execution of Sustainability/ESG Enhancement stage encompasses ensuring readiness of sustainability enhacement, by preparing the organization to understand and accept the criticality of the need for Sustainability/ESG performance.

Tasks:

  1. Determining what needs to Sustainability/ESG Enhancement.

    1. Survey your company.

    2. Understand why enhancement is necessary.

  2. Ensuring support from management and the C-suite.

    1. Talk with stakeholders to obtain support.

    2. Frame your gap as one that positively impacts the entire company.

  3. Creating the need for Sustainability/ESG Enhancement.

    1. Market a compelling message about why enhancement is best.

    2. Communicate the enhancement using alignment.

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In business, sustainability refers to doing business without negatively impacting the environment, community, or society as a whole.

Sustainability in business generally addresses two main categories:

  1. The effect business has on the environment

  2. The effect business has on society

The goal of a sustainable business strategy is to make a positive impact on at least one of those areas. When companies fail to assume responsibility, the opposite can happen, leading to issues like environmental degradation, inequality, and social injustice.

Sustainable businesses consider a wide array of environmental, economic, and social factors when making businesses decisions.

 

These organizations monitor the impact of their operations to ensure that their short-term profits don’t turn into long-term liabilities.

SocietyNext's

Sustainability/ESG

Enhancement Tools

Aligning Sustainability/ESG

with Market Trends

Executive

ESG Forum

Understanding preferences of Regulatory

Authority, Capital Market, Community, etc

http://ESGforum.com

To learn more about  ESG Forum Tickets,

please email us esgforum@societynext.org.

Aligning Sustainability/ESG

with Customers

Know your customers better because only they can help you get more lead and more business. Understanding customers is the key to giving them good service which in turn results into strong customer relationships and new sales through positive word-of-mouth recommendation. 

In this sustainability era of business, successful organizations need more than just operational excellence. 76% of customers believe it is no longer acceptable for companies to solely make money. They would switch to a business that support sustainability/ESG issues over one that does not. They also willing to pay more for sustainable items and make sustainability important for all businesses.

Companies must thrive and grow while simultaneously solving some of the world’s biggest challenges (beside product values and/or service values). 

The Customer Sustainability Preferences Survey Report (Annual) aims to understand Customer Sustainability Preferences.

The insights will be shared in the Certification Workshop. 

To learn more about  briefing on ESG Matrix  

please email us esgmatrix@societynext.org.

Turning

Sustainability/ESG Enhacnement

into Measurable ESG Gap

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No matter the business type, organisations trying to create sustainable prosperity cannot survive without a sound sustainability values. The first step to creating an effective solutions and knowing where you’re heading is knowing where you stand right now.

5-min online survey tool for team members will provide you with  group results. The survey combines the Customer Sustainability Preferences Survey data with your unique input and, utilizing a gap analysis tool, will compute your company’s current position on the “Gap of Sustainability Expectations (ESG Gap)”.

From Sustainable Business perspective, the results can be used to strengthen your enhancement by re-prioritizing sustainability topic focus, translating abstract strategic objectives into action-based targets, and involving stakeholders e.g., internal/external ambassadors.

Benefits:

  • Discover ways to thrive as a sustainable business

  • Future-proof decision-making in an uncertain world

  • Create a strategy that attracts like-minded customers

The assessment process details will be shared in the Certification Workshop.

To learn more about  ESG Gap,

please email esggap@societynext.org.