Businesses are nowadays taken out of their current financial performance and, step-by-step, placed in evaluating their environmental, social, and governance (ESG) management performance. Thus, progressive businesses see ESG as not a buzzword or regulatory burden but rather as a value-unlock opportunity, a way to achieve long-term financial performance. ESG advisory services are at the center of this transformation; they enable the corporation to incorporate ESG issues into core strategies and empower the further building of reputation, climbing the ladder of sustainable growth.
Financial Performance and ESG Interaction
For years, conventional wisdom has said that focusing on ESG was at the cost of financial return. However, a growing body of research belies this conventional belief and shows that firms with strong ESG practices outperform their peers financially. The reason is that ESG factors are linked to the risks and opportunities that affect a company’s long-term success.
This makes people consider:
- Factors
