ESG Explainer: A beginner’s guide to purpose driven ESG

Governance Institute of Australia in association with its Sustainability Committee and CPA Australia are proud to present the ESG Explainer to drive purpose driven ESG.

ESG has become an increasingly necessary practice for business requiring them to be transparent with stakeholders. Investors are looking beyond the financial bottom line and want to understand how companies are managing their impacts on the environment, their employees and society.

A major part of ESG growth has been driven by environmental concerns and responses to climate change. However, ways for companies to address social issues have also gained prominence. Companies with a multi-dimensional environmental and social governance mindset can effectively address risks in a variety of ways including increased investor pressure, regulatory change, stakeholder influence, climate change and enhanced risk management.

An ESG framework can enhance risk management, improve strategic decision-making, attract investors and talent, and build trust with stakeholders.

The ESG Explainer provides a useful one stop shop for governance professionals, helping them detangle the complex web of information on sustainability reporting frameworks and standards. The Explainer is aimed at making it easier for governance professionals to implement an ESG framework by taking them through a step-by-step approach. It is particularly aimed at assisting SMEs on their ESG journey by making it simpler to adopt an ESG framework. SMEs will come under increasing pressure to report over the coming years as trickle down regulation require supply chains to report quality data and information on ESG metrics.

We are confident the ESG Explainer will support governance professionals on the journey to more sustainable business practices and investments.