The Digital CFO

  ESG isn’t a new concept but it has gained more importance in recent years due to its acceptance. ESG has become a key developmental metric for both investors and clients.  ESG rating shows how an organization is doing on key developmental metrics. It stands for Environmental, Social, and Governance, and it is expected that every organization must perform well on these metrics. You will get investments based on your performance of these factors.  If you don’t know what these metrics are, then this article could be an eye-opener for you.  The first factor is related to Environmental and it is expected that you should play a role in keeping the environment safe. And you can do so by switching to clean technology. Also, you should try reducing your carbon footprint by controlling your energy consumption.  The second factor is related to Social and in the context of an organization, it stands for attracting talent and providing everyone equal gro...

    Before starting ESG reporting , you should know what ESG is and how it could impact your business. It stands for Environmental, Social, and Governance. Simply put, your business should be environment friendly; you should treat employees like your family, and your business process should be transparent.   Why should be worried about your ESG score?   If your company isn’t doing good on the key developmental metrics – Environmental, Social, and Governance – you won’t get investment. Also, you will face roadblocks while walking in the path of growth. Governments of the world and investors prefer businesses that score high on the key developmental metrics.   Your next question should be ESG where to start and the answer is to check how you score on Environmental, Social, and Governance factors. For example, you should check your energy bill. If your energy consumption is high, it shows that you are adding to the carbon footprints of your country. Similarly...

If your company isn’t doing well on ESG measurement , you could have a big problem in the future. Everyone including world governments, global investors, clients, and non-governmental organizations working to save the environment wants companies to behave responsibly. Let’s discuss responsible behavior The first is the environment where you have to score high. You use energy that increases your carbon footprint. You should look for ways to make your business energy-friendly. It is your responsibility to reduce your carbon footprint and it is possible only when you use clean and green technology. You should optimize your energy consumption to become an energy-friendly company. Second, is the social front where you need to practice equality. Your ESG reporting should show that everyone is equal in your business and you give equal opportunities to everyone. Your business should be a place where anyone can find a place based on talent instead of color, caste, religion, or region. It is...