What is ESG?
ESG (Environmental, Social and Governance) is a holistic strategy for a company or an organisation that includes environmental, social and governance standards. ESG manages the impact of a company and its activities on the environment, people and the economy.
An ESG strategy includes the following sub-themes:
- Environment: climate change, pollution, water and marine resources, biodiversity and ecosystems, resource use and circular economy.
- Social: working conditions, equal treatment and other employment-related rights of its workforce, workers in the value chain, affected communities, consumers and end-users.
- Governance: labour law, responsible supply chain management, corporate culture and ethics, corruption management.
ESG information is already disclosed in many countries, and with the new requirements of the European Union, it will also become mandatory for Estonian companies with more than 250 employees. At the same time, ESG information, including on sustainable investments, will also have to be disclosed by banks and all larger companies, which may mean that small and medium-sized enterprises may also need to disclose ESG information in order to qualify for funding and state support.
What do we offer?
We provide assistance in setting up a corporate ESG strategy. We can help with the following topics:
- Mapping the current situation;
- Developing metrics;
- stakeholder mapping and engagement;
- Calculating the carbon footprint;
- Identifying resource efficiency and best practices;
- risk analyses;
- action planning and roadmapping.