{"id":19758,"date":"2022-10-12T08:21:28","date_gmt":"2022-10-12T08:21:28","guid":{"rendered":"https:\/\/www.moorethompson.co.uk\/blogs\/?p=19758"},"modified":"2022-10-12T08:21:30","modified_gmt":"2022-10-12T08:21:30","slug":"what-does-esg-mean-for-your-business","status":"publish","type":"post","link":"https:\/\/www.moorethompson.co.uk\/blogs\/what-does-esg-mean-for-your-business\/","title":{"rendered":"What does ESG mean for your business?"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Environmental, Social and Governance (ESG) is a set of regulations designed to assess a business\u2019 influence on society, the environment, and its transparency on such matters.<\/p>\n\n\n\n

With the CBI revealing that ESG impacts two-thirds of those looking to invest in a business, you will not only help the environment, but also grow your company.<\/p>\n\n\n\n

Utilising an ESG strategy shows that your company is working towards meeting future environmental legislation, which may aid your growth even further.<\/p>\n\n\n\n

Environmental<\/strong><\/p>\n\n\n\n

The environmental aspect of ESG centres on how you recognise and reduce your business\u2019 effect on the environment.<\/p>\n\n\n\n

This includes your supply chain, operations, and products\/services.<\/p>\n\n\n\n

Social<\/strong><\/p>\n\n\n\n

Secondly, social refers to how your business affects workplace culture and society as a whole.<\/p>\n\n\n\n

Equality and fairness are a big part of this, and it\u2019s important for you to offer equal opportunities to your staff, along with those operating in the supply chain.<\/p>\n\n\n\n

Governance<\/strong><\/p>\n\n\n\n

Thirdly, governance looks at your decision-making, reporting, and the administration that goes into running your business.<\/p>\n\n\n\n

Additionally, it focuses on the ethics of your company, as well as transparency with stakeholders about your endeavours.<\/p>\n\n\n\n

Is ESG reporting mandatory?<\/strong><\/p>\n\n\n\n

Yes, it is mandatory, but only for companies with over 500 employees, or more than a \u00a3500 million annual turnover.<\/p>\n\n\n\n

In 2019, the UK passed a law that will require all greenhouse gas emissions to be brought to net zero by 2050.<\/p>\n\n\n\n

To reach this goal, the Government has pushed reporting obligations, and these are likely to continue to grow.<\/p>\n\n\n\n

Need business advice? Get in touch with our team today.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Environmental, Social and Governance (ESG) is a set of regulations designed to assess a business\u2019 influence on society, the environment, … What does ESG mean for your business?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26,4],"tags":[],"class_list":["post-19758","post","type-post","status-publish","format-standard","hentry","category-blog","category-business"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/19758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/comments?post=19758"}],"version-history":[{"count":1,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/19758\/revisions"}],"predecessor-version":[{"id":19761,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/19758\/revisions\/19761"}],"wp:attachment":[{"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/media?parent=19758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/categories?post=19758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/tags?post=19758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}