What are ESG credentials and why are they important?

Posted 4 months ago

A hot acronym in the business world – ESG is short for Environmental, Social, and Governance. It’s a collective term for a business’ impact on society, the environment, and how transparent and accountable they are.

ESG is broad and deep topic covering many areas such as:

Climate change
Equality, diversity, and inclusion
Health & Safety
Cyber security
Risk management
Learning and development

Research by business services provider DWF suggests that organisations who are failing to improve their environmental, social and governance (ESG) credentials are struggling to attract new talent.

They found that two in five businesses are failing to find staff due to their ESG policies being perceived as “weak” and found that 61% of businesses are losing out on work due to poor ESG credentials.

These statistics emphasise the importance of organisations taking ESG principles more seriously to look better in the eyes of the public and remain an attractive business partner. Additionally, the new figures highlight the fact that workers are assigning more responsibility to employers in helping to tackle climate change.

Ultimately, adopting ESG measures is now more important than ever, not only for society and the environment, but to boost your business. Here are just a few benefits your business could see from boosting its ESG credentials:

Lower costs
Improve business reputation
Attract new customers
Reduce staff turnover rate
Win tenders

Educating staff on ESG

Businesses who educate, engage, and empower employees in ESG topics will not only bolster worker satisfaction, but accelerate positive organisational change.

Looking at the list of topics covered by ESG, you’d be forgiven for thinking that educating staff on these topics would be massively time consuming. But we can step in to help…

Here at iHasco, we annually deliver millions of training courses that cover ESG topics. And by delivering them online through our simple and effective platform, staff can complete their training at a time and place that best suits them. No more losing time to travel or forking out for accommodation and venues – everything can be done digitally!

Some of our most popular courses surrounding ESG include:

Ready to get started? We’re ready when you are. Claim your free, no-obligation trial to any of these courses today or request a bespoke quote and we’ll be in touch to discuss your training requirements.