In the past year, we have seen economic challenges prompt some businesses to bring their environmental, social and governance (“ESG”) goals to a halt. These short-term moves will prevent long-term growth, which goes against the objective of most businesses of finding a credible and realistic path that can deliver growth.
Experts believe that incorporating ESG into a company and making it the business’ focus allows businesses to be more accountable and socially responsible. By incorporating ESG into the core of a business’ commercial strategy, businesses can build commercial resilience and value while meeting the impact challenge.
So, how else can ESG help make businesses stronger?
Enhanced bottom line
Implementing circular business models offers significant commercial benefits by taking waste and making it into a valuable resource, which helps drive profitability as well as sustainability.
A good example of a company that has properly adopted a circular business model is Philips, which employs a model that ensures that materials are reused at the end of their life cycle, helping decrease raw material costs. This move also improves the company’s bottom line by decreasing operational expenses and opening up new opportunities in the market by demonstrating that businesses can be both profitable and sustainable.
Integrating ESG effectively involves more than risk mitigation or compliance as it offers businesses an opportunity to generate shared value for all shareholders. It also helps build lasting partnerships with suppliers, communities and consumers while developing trust and complying with existing and any new regulations that may be implemented.
Attracting stakeholders
Effectively integrating ESG allows socially conscious consumers to find brands that have values that are similar to theirs easily as consumer preferences continue to be shaped by environmental and ethical considerations. Investor sentiments also seem to be influenced by a business’ commitment to ESG principles, with more investors injecting their capital in organizations that demonstrate actual commitment to their environmental, social and governance objectives.
Incorporating ESG into their commercial strategies allows companies to tap into new markets, attracting talent and creating lasting relations with stakeholders with the same vision to create a sustainable future.
Currently, businesses can position themselves as leaders in the transition toward a future that is more sustainable. The best way to do so is to integrate ESG and climate action into their operations. This will unlock new avenues for profitability and economic growth while also driving positive environmental impact. Additionally, integrating ESG into a business’ strategy may offer a business competitive advantage.
Entities that have taken the initiative to incorporate many ESG practices, such as Coyuchi Inc., will serve as case studies in the years to come as other businesses look for inspiration in their bid to ramp up ESG to the next level.
NOTE TO INVESTORS: The latest news and updates relating to Coyuchi Inc. are available in the company’s newsroom at https://ibn.fm/COYU
About ESGWireNews
ESGWireNews (“ESG”) is a specialized communications platform with a focus on the Environmental, Social and Governance (ESG) sector and public companies committed to sustainable corporate practices. ESGWireNews is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, ESG is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, ESG brings its clients unparalleled recognition and brand awareness. ESG is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from ESGWireNews, text “ESG” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.ESGWireNews.com
Please see full terms of use and disclaimers on the ESGWireNews website applicable to all content provided by ESG, wherever published or re-published: https://www.ESGWireNews.com/Disclaimer
ESGWireNews
Los Angeles, CA
www.ESGWireNews.com
310.299.1717 Office
Editor@ESGWireNews.com
ESGWireNews is powered by IBN
