Developing Your ESG Strategy for Long-Term Value
Want to build a business that lasts? Sustainable business practices prioritize long-term stability over short-term financial rewards. Strategically, they help you improve performance and address risk while positively impacting the planet, community, or society.
When your business strategy integrates Environmental, Social, and Governance (ESG), it can help you better measure your impact on your community and beyond. This in turn can increase stakeholder trust, help your company thrive amidst future change, and better tell the story of your organization.
Why ESG Initiatives Matter
Increasingly, stakeholders are looking for more transparency that your company’s practices are helping the environment it serves. With the EU requirements in the form of the Corporate Sustainability Reporting Directive (CSRD) becoming law to proposed SEC rule changes in the US, companies should prepare themselves to adapt to increasing ESG compliance requirements.
Whether your business has an ESG program in place or is in the process of developing one, it’s attracting increased scrutiny from stakeholders and regulators alike. So your statements and reports published around your ESG goals, targets, and achievements must be defined appropriately to avoid greenwashing and to be executed effectively.
If you’re a board member, head of sustainability, or finance personnel in charge of ESG initiatives at your company, Centri can support you with the guidance needed to confidently move forward in your ESG journey.
Our 5-Step Approach to Helping You Build An Effective ESG Program
Looking For More Support?
Here are some other related services that can be helpful depending on the goals you have for your business.
Because cannabis companies can have a significant environmental footprint, understanding evolving ESG standards should be a top priority. By addressing ESG factors, you can reduce your risks or liabilities and create value for your shareholders, customers, employees, suppliers, communities, and the environment.
Disclosing how to manage the risks and opportunities related to ESG should be a focus for life sciences companies. ESG standards can help you demonstrate your commitment to improving human health and well-being, addressing social and environmental challenges, and operating with integrity and transparency.
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Centri’s team of experts is ready to help you with your ESG Advisory needs. You can learn more about our specialists on the One Team page.
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