Environmental, Social, and Governance (ESG)

Companies are identifying Environmental, Social, and Governance program as a key component of public, non-financial reporting to investors and other stakeholders. ESG a way of judging a company by standards and metrics that do not commonly relate to financial performance.

Some common examples include the following:

• An energy company states its products are more eco-friendly. They then implement an ESG reporting process to substantiate their statements.
  
• A food company states they will reduce water usage by 25% in 2030. They then implement an ESG plan that includes data collection and reporting to evidence their reduction.
  
• A manufacturer & importer makes a commitment to eliminate child labor from their supply chain. The company then implements an ESG process to ensure this goal is achieved.

The Environmental Social and Governance factors are a subset of non-financial performance indicators which include ethical, sustainable and corporate government issues. This means making sure there are systems in place to ensure accountability and managing the corporation’s ESG objectives.

Each industry and company has its own set of material ESG issues and related business impacts. ESG data and records covers a broad realm that may depend on geography, leadership priorities, and other factors.

Share-ify assists companies with the management of their ESG program through a comprehensive method of requirements definition and management along with data collection.

For assistance with your ESG program, please contact [email protected]