How ESG Helps Grow Your Business
Fulfilling your sustainability goals isn’t just a tick-box exercise.
You’ll need your strategy to be backed by a measurable ESG framework, so you can anticipate what’s next for your business and gain a competitive advantage in the crowded market.
Complying with regulations can also bring huge benefits to your business, creating long-term value for your brand and securing your relationships with clients and colleagues.
Benefits
Compliance with regulatory requirements
The regulations landscape is constantly changing and influencing ESG requirements around the world, so it’s critical that businesses keep up-to-date. Delivering a compliance-driven strategy can help to protect your reputation and business.
Business growth
Requests for information on supply chains, green status and governance structures are quickly becoming the norm, so businesses need to adapt to get ahead of the competition and grow sustainably. Businesses that have aligned their operations to their customers’ values will grow and generate successful returns.
Cost reduction
Delivering a strong ESG strategy can lead to all kinds of savings, from energy and water usage to waste and raw materials, so it’s a win-win for your business as well as the environment.
Investment
By positioning your business in the right way from the outset, you’ll attract clients and investors looking to work with green and ethically sound businesses.
Talent acquisition and retention
Employees are becoming increasingly concerned with the ESG credentials of businesses. Socially responsible and responsive businesses will attract and retain valuable talent. From pay equity and workforce diversity to embracing health and safety regulations and mental wellbeing, businesses must do more to keep staff turnover down and productivity and loyalty up.
Resilience and futureproofing
Working to an ESG framework provides financial and operational support, so you’re prepared to resist the impacts of market economic factors, reputational damage, and more. It also helps you deliver value to your stakeholders, security to your employees and an exceptional service to your customers. By monitoring the ins and outs of your industry, you’ll ensure you remain compliant today and resilient tomorrow.
Case study
International employee advisory and policy creation
Since 2017, Kelly's advised a consultancy business providing training to a broad section of the community. This focuses on diversity, inclusion, equality and entrepreneurship and provides employability and wellbeing skills to under-represented groups.
They’ve needed advice on the National Minimum Wage for staff funded by the Erasmus Plus scheme. Kelly's also given guidance on Brexit, terms and conditions relating to travel abroad, and the drafting of a travel and expenses policy.
Many of their employees work flexibly, and they’ve required support with contracts to fit different situations. The advice has also focussed around COVID-19 and issues arising from working from home, employees with health conditions, and employees moving to new locations.
Kelly Gibson Employment lawyer