When we first began collaborating with our clients in 2021, there were three crucial insights we wish we had possessed from the start.
- Chief sustainability officers are primarily hired to focus on the environmental aspect of ESG, without involvement in S or G related tasks or reporting.This becomes particularly apparent in large organizations.
- Interestingly, the communication surrounding ESG is far from balanced. Although it is assumed that environmental, social, and governance aspects receive equal attention, the reality is quite different. Social and governance narratives often take a backseat, with only 28% of companies incorporating ESG ratings in their reports. Surprisingly, this discrepancy exists despite the fact that a staggering 88% of institutional investors meticulously evaluate ESG matters with the same rigor as financial metrics.
- ESG's organizational placement within companies resembles a game of corporate musical chairs. Rarely positioned directly under the CEO, it finds its home in various departments such as Finance and HR, indicating its dispersed yet essential role within the overall corporate structure.
What have you wanted to know before embarking on the ESG journey? email us hello@communique.global
