www.foodsafetyselect.com - Food Safety Select
Posted 18/11/2021

What is ESG?

What is ESG?

Environment, Social and Governance (ESG)

ESG is one of the most important problems facing Australian companies across all industries today. Our human-led, tech-powered ESG consulting services will help you bolster and prepare for the ESG revolution.

ESG goes beyond environmental issues like climate change and resource scarcity - it encompasses all non-financial topics that are not typically captured by traditional financial reporting.

ESG consulting offers specific value when navigating the shift of expectations on businesses from being more focused on Corporate Social Responsibility (CSR) to predominantly ESG-focused. CSR has been on the business radar for many years and provides a qualitative measurement of a business's impact on society and its stakeholders. On the other hand, ESG is a way to quantifiably measure a company's impact on society and the environment, using metrics that deliver long-term stakeholder value.

More than ever, organisations are developing sustainability strategies that focus on creating value amongst a broad group of stakeholders - including employees, customers, suppliers, investors, and community groups - whilst managing their broader obligations to society and the environment. Stakeholders are also demanding companies be more and more transparent about their performance.

Environmental

  • Managing carbon and climate change vulnerabilities
  • Water, waste and pollution management
  • Transition to a circular economy
  • Renewable energy and clean technology
  • Consideration of the unique rights of First Nations peoples to access, maintain and protect their lands

Social

  • Human capital development
  • Health and safety
  • Ethical supply chain and sourcing
  • Human rights
  • Privacy and data security
  • Community engagement, including a focus on First Nations peoples


Governance

  • ESG reporting
  • Risk-mitigation and management
  • Board diversity
  • Executive pay
  • Tax transparency
  • Business ethics
  • Policies that enhance corporate behaviour including protection of human rights


Why PwC?

Our overarching purpose is to build trust in society and solve important problems. We genuinely care about our people, the broader Australian society as well as our clients and the industries they operate in. We want to be a part of creating a sustainable and transparent future for generations to come.

Visit the PwC website to learn more about ESG and how we are supporting end-to-end ESG transformation to position your business for a sustainable tomorrow.





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