While it's always been important, ESG (Environmental, Social
and Governance) has shot up the ranks as a top concern for
businesses in recent years. The pressure is on from all angles,
with customers, investors, the government, and employees all
scrutinising a company's ESG policies.
One of the initial challenges when it comes to developing an ESG
strategy is the huge range of potential topics that you could
explore. Trying to decide which environmental, social and
governance challenges to prioritise can be tricky, but in this
article, we'll be sharing 7 steps you can follow that will help
you develop a strong ESG strategy.
- Carry out a materiality assessment
A formal materiality assessment is used to benchmark how
different ESG issues rank in terms of importance for your business
and your stakeholders. Starting with a materiality assessment can
help to prioritise different issues and initiatives as you develop
your ESG strategy and can also suggest where you
