Purpose-led reporting. Sustainability. Corporate responsibility. Environmental, social, and governance risks and opportunities. ESG.
Being responsive to stakeholders goes by many names. But one thing is clear - the changing nature of our world and the demands of our societies make it an important part of any successful energy business venture.
Increasingly today, leading companies are creating value across a broader group of stakeholders, including investors, employees, customers, and suppliers, while more thoughtfully managing societal expectations around corporate responsibility. Stakeholder groups are calling on companies to not only do more on key sustainability topics, but also to be more transparent about those efforts.
In many instances, traditional financial metrics tell only part of a company’s story. A company’s ability to demonstrate how environmental, social, and other trends are truly and functionally integrated into its strategy, operations, and long-term prospects is, and will continue to be, critical to meeting shareholders and other stakeholders information needs. ESG initiatives go beyond just doing the right thing. They support the improvement of a society’s perceptions of a company, build competitive positioning, and can tangibly increase market value. We’ve noted that a well-executed and well-communicated ESG strategy often creates intrinsic value by appropriately managing key risks and cultivating opportunities. And, if a company is transparent about how it is addressing stakeholder ESG interests, market value often increases over time.
It’s time. ESG is here to stay. We help you operationalize it.