What is ESG Reporting?
🌟 New Partnership Alert: Full Bin MENA FZ-LLC and ESG Pro Limited
We are excited to announce a groundbreaking partnership with ESG Pro Limited, a renowned leader in environmental, social, and corporate governance (ESG) solutions. This strategic alliance is set to revolutionize sustainability practices in the Middle East and North Africa.
Our collaboration with ESG Pro Limited enables us to leverage our expertise in waste management and recycling, aligning it with their innovative ESG solutions. Together, we aim to enhance sustainable practices across industries, support businesses in transitioning to greener operations, and contribute significantly to the Sustainable Development Goals.
This partnership is not just about combining forces; it's about a shared vision for a sustainable future. We are committed to driving innovation in the ESG space and creating a lasting positive impact on the environment and society.
ESG reporting has the core objective of enabling interested third parties to gain a perspective on an organisation’s impact across the three topics of Environment, Social, and Governance. Its impact may be used to guide investment, and to quantify the firm’s desirability as a component of one’s supply chain.
However, ESG reporting is no longer merely a tool for investment fund managers. Since 2005, it has matured into a methodology which enables the smallest SME, not-for-profit organisations, and public bodies alike to demonstrate their own characteristics in a measured manner.
Your ESG report may be seen as a way of establishing your organisation’s honesty, integrity, and transparency. What is the reality of how you impact the environment – which is far more than carbon emissions – and how is your organisation run? Does it contribute positively to the community, and does it deliver on promises to be a quality employer? In short, is your organisation a benefit to society?
Which ESG framework should we use?
Since the majority of organisations have not yet begun their ESG reporting, we steer our clients through the tried and tested Global Reporting Institute (GRI) framework so there a solid foundation. With the GRI complete, the next logical step is to incorporate the Sustainability Accounting Standards Board (SASB) framework, because this introduces industry-specific components. From there, there are many choices. The key is to get the basics right first, and to formulate a strategy.
What’s clear is that those corporations with a stronger ESG position are outperforming those without a clear strategy.