ESG initiatives can be worthwhile investments not only in bettering the lives of others, but in creating long-term economic value. Yet, social initiatives tend to be difficult to set, and their progress and impact challenging to measure. In a survey of more than 600 companies, a small number of organizations emerged as more advanced in their social strategy. This article discusses five lessons we can all learn from what these social impact leaders have done.
If you have a sustainability role at a big or medium-size company, you probably have a good idea of how well your environmental efforts are going. You might have a resource-use reduction plan, a target for lowering your emissions, and some decarbonization projects underway.