ESG Pillar 1: Develop Low Carbon and Smart City
HERE ARE FIVE BENEFITS OF ESG FOR BUSINESSES ESG benefits businesses by:
1. Offering A Competitive Advantage, 2. Attracting Investors And Lenders, 3. Improving Financial Performance, And 4. Making Company Operations Sustainable .
Any organization that invest in ESG initiatives can gain a competitive advantage by offering environmentally friendly products and reducing resource waste. Additionally, ESG initiatives can make a business more attractive to investors, as even small efforts can improve a company's bottom line and ROI. By integrating ESG principles into core operations, businesses can identify cost-saving opportunities and reduce operational costs, ultimately benefiting their bottom line and overall success.
KEY STAKEHOLDERS
Employees
5
1
Media
2
6
Customers and Tenants Contractors, Suppliers and Vendors
Business Partners Government and Regulatory Agencies
7
3
Investors and Shareholders
Local Community and NGOs
4
8
The organization must consider their unique industry environment, business model, and cultural content when discussing stakeholder and ESG-focused incentive metrics. Engaging with internal and external stakeholders throughout the sustainability process is crucial for addressing evolving stakeholder priorities and achieving Sustainable Development Goals.
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MSCA 2023 I VOL.5
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