Strategic Consulting Services
Corporate social responsibility today reflects a global mindset and increased attention on companies by consumers and investors alike, not just around their sustainability and climate action objectives, but also their ethics, how they treat their employees, and how they extend a helping hand to the community. What is now important in this current climate is a way to measure and manage the return on investment (ROI) measurement through the development of new international standards such as SASB (Sustainability Accounting Standards Board), TCFD (Taskforce on Climate-Related Financial Disclosures), and the United Nations (UN) 17 Goals of Sustainable Development, which are based around environmental, social, and governance (ESG) criteria which are now a requirement for financing consideration for impact investors and ESG funds.
Global Biofuture Solutions understands the history that has led to the development of current global regulations and standards, and we leverage our expertise, network, and resources to support organizations with consulting services for all areas of ESG from planning and research to root cause analysis and implementation guides.
What Is the Difference Between CSR and ESG?
CSR, which stands for “corporate social responsibility,” has been on the business radar for years and refers to “softer,” qualitative issues. As time went by, social issues came into focus and measurement technologies and scientific reporting has also advanced and it now has become possible (and desirable) to quantify a company’s sustainability and societal impact, using metrics that matter to investors.
ESG investors Now Have Deep Pockets
In spite of all of the 2020 challenges that the Covid pandemic brought to the business community, it was a record year for ESG investments. According to Blackrock’s first Global Client Sustainable Investing Survey, $23 billion was invested in ESG companies in 2020, compared to $450 million in 2019. Further, half of the C-suite respondents wished to double their organizations’ exposure to sustainable assets within five years.
Investors Now Have Better Tools to Manage ESG Investments
A wide variety of business services for ESG investors have been created or expanded to measure and manage the evaluation and quantification of ESG data.
Rules of Engagement for ESGThe Global Biofuture Solutions top five principles below outline our recommended approach to solving the ESG puzzle for any organization.
Ensure that your company’s ESG data and strategy are easy to access and find in one single place on your website. You want to get credit for all of the great work you are doing.
Social: A responsible investing factor dealing with employee engagement and development, labor relations, human rights practice, product safety, and consumer protection.
Governance: A responsible investing factor dealing with management structure, board accountability and independence, executive compensation, audits and internal controls, and shareholder rights.