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Is an ESG agenda just another tick box?

by Sam Baldwin

2 April 2024

Too often, UK companies see developing an ESG agenda as a tick box exercise. Yet research shows that having a solid ESG strategy helps businesses attract and retain customers and employees, improve efficiency, and increase profits. Read more!

Too often, UK companies see developing an ESG agenda as a tick box exercise. They dismiss it as a necessary evil. Something that needs to be done to comply with changing regulations, but that does not lead to actual business outcomes.

They could not be more wrong.

A fully developed and integrated sustainability strategy can bring real material benefits to your business. It can be beneficial in both the medium and long term.

 

How can Ecovis help?

At Ecovis, we specialise in helping businesses construct ESG strategies that deliver real commercial results. Learn more about how we can help you embed sustainability into your business plan.

 

How An ESG Agenda Can Add Value to Your Business

71% of respondents to the recent SIFA survey recognised that ESG would have a significant impact on performance and valuation over the next decade.

This change is not solely driven by regulators.

In fact, the same report showed that stakeholders most likely to influence a business to implement a sustainability strategy are their customers and their employees [Source: SIFA ESG Review 2023/24].

An ESG agenda could be the key to attracting and retaining both your ideal target audience and the very best employees for your business.

The statistics speak for themselves:

  • 86% of young people would prefer to support or work for companies that care about the same issues as they do (PwC)
  • 75% of employees are more likely to stay with a company based on their employee benefits package. (One Medical)
  • Proper implementation of ESG strategies can affect operating profits by as much as 60%. (McKinsey)

To learn more about starting your sustainability journey, have a chat with our experienced and dedicated ESG team by clicking the button below.

Let’s talk!

 

How we can help

No business is too small to harness the benefits of a properly implemented ESG agenda.

It can enable your business to plan for the long term, develop fresh strategies for old problems, such as attracting investment and retaining customers, as well as helping you discover new ways to improve efficiency and cut costs. .

To learn more about how a sustainability strategy can benefit your business, please feel free to get in touch with me – I look forward to speaking soon.

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