7
OPINION
Benefits of an ESG report
This report allows firms to highlight their responsible business practices, community and sustainability commitments, and social innovations.
W e know that the work we do impacts our clients, communities, and teaming partners. We have a responsibility to make life better for those around us, and an environmental, social, and governance (ESG) report can help us do so.
An ESG report is a way to take inventory of our current practices, set goals for the future, and track our progress as we work toward these goals as a company. Our company chose to go through the process of creating an ESG report to help us track our progress around our environmental impact, company culture, and leadership. We published our first report in 2023. This report is publicly available on our company website. Our ESG report will be updated annually, and the second version of the report was published in April. See the latest report here. Benefits of an ESG report include: ■ Risk mitigation. Considering environmental and social concerns increases resiliency and reduces
risk (operational, legal, reputational, etc.).
Lalitha Benjaram, EIT
■ Marketing. An ESG report allows prospective clients, partners, and employees to see how a company’s values are reflected in their work and organization. ■ Employee engagement. Compiling an ESG report requires expertise and input from many different people in an organization. Including employees in the creation of the report and execution of its goals is necessary and can increase employee engagement.
Innovation and adaptability. Considering sustainability and social responsibility in all aspects of the business challenges us to innovate and adapt as the industry changes.
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See LALITHA BENJARAM, page 7
THE ZWEIG LETTER MAY 6, 2024, ISSUE 1536
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