Many consumers are expecting businesses to address social and environmental impacts with transparency. By doing so, it can help raise customer loyalty, enhance brand equity, and improve social licensing to operate and grow as a business. 

Businesses that prepare for new supply chain demands and standards by showing how operations and products meet environmental, social, and governance (ESG) related criteria, could improve its market access and de-risk current and future capabilities for supply chain participation. 

Did you know? 69% of companies say sustainability performance will be taken into consideration when selecting new suppliers and renewing contracts.

Adopting environmental, social and governance (ESG) measures could help businesses grow revenue by influencing new product and market opportunities, and spurring innovation. It could enable the development of strategies to attract new customers, while retaining and growing market share with the organization’s existing customer base.

Certain environmental measures like reducing greenhouse gas (GHG) emissions could help cut costs and strengthen the businesses bottom line. Energy usage can be a significant driver of emissions for businesses and could be addressed by investing in systems that reduce electricity, natural gas, and/or propane consumption in buildings and in manufacturing processes.

Learn more about green transition programs.

Did you know? 69% of companies say sustainability performance will be taken into consideration when selecting new suppliers and renewing contracts. 

Organizations that measure and report on environmental, social, and governance (ESG) criteria are becoming ideal and preferred candidates for opportunities; whether negotiating a loan with a bank, seeking financing from investment companies, or even accessing insurance, ESG is becoming an important part of the cost of doing business. 

Company-wide engagement on environmental, social, and governance (ESG) commitments could create meaningful improvements in talent recruitment and retention capabilities and could contribute to better productivity and innovation. 

The desire to understand environmental, social and governance (ESG) related risks is growing among consumers, investors, lenders, and regulators. Aligning operations to keep pace with policy developments relating to ESG could help businesses mitigate risks related to reputation, regulations, supply chain, export, cost of capital, etc.

Learn more by exploring climate-related articles, research, reports, and action plans