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How ESG can help your business thrive in 2024

by Sam Baldwin

27 February 2024

Developing an ESG strategy will give your business a competitive advantage. Dive deeper into how ESG can transform your business and how you can improve your approach to ESG with our complimentary 2-minute ESG Insight Quiz.

Developing an ESG strategy will give your business a competitive advantage. Dive deeper into how ESG can transform your business and how you can improve your approach to ESG with our complimentary 2-minute ESG Insight Quiz.

 

Acquire top talent and keep up with changing regulations

According to recent research by Deloitte, 89% of executives are proactively working to hold themselves accountable on ESG. This trend shows no signs of stopping.

Small and Medium-sized Enterprises (SMEs) simply cannot afford to dismiss the opportunity. No business is too small to benefit from a properly implemented ESG strategy. It can enable businesses to do good, cut costs, increase efficiency, and facilitate long term strategic planning.

To learn more about where your company could improve, take our free ESG test by clicking the button below.

Take the ESG starter quiz

 

Employee Acquisition

SMEs often do not have the resources to offer higher salaries or better benefits than their larger competitors. Here ESG becomes your secret weapon! By developing an ESG strategy, smaller companies can still attract top-class talent.

86% of young people would prefer to support or work for companies that care about the same issues as they do, according to research by PwC.

Many workers recognise that businesses with a sensible ESG strategy are better employers, treat their staff with greater respect and are more democratic in sharing the rewards of the business’s success.

 

Global Change

As global regulators increasingly focus on improving ESG standards, many SMEs will need to revise their approach to the topic to remain competitive.

According to recent research, 42% of businesses are already feeling the pressure of navigating changing regulations.

In the next few years, this number will only increase as one million UK businesses could be affected by Europe’s expansion of corporate sustainability disclosure standards, impacting direct and indirect trade with the EU.

To learn more about how we can help your business comply with changing regulations, get in touch with our team.

 

How we can help

Navigating the changing ESG environment can be tricky. However, companies that take a proactive approach to developing an ESG strategy will give themselves a distinct competitive advantage.

To learn more about how you can improve your approach to ESG, take our free 2-minute starter quiz to get an instant ESG awareness snapshot.

 

Take the ESG starter quiz

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