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An environmental, social and governance (ESG) strategy is defined as a business model that emphasizes social responsibility. All businesses seek profits, but today’s investors and shareholders want to see businesses making efforts to make the world a better place as they generate those profits.An ESG plan is the key to achieving financial, efficiency and growth goals. It’s easy for a company to want to become more environmentally and socially conscious. That said, it can be much harder to know if companies are actually meeting these goals without a way to track them.
(1) Focus on the best strategy.
(2) Establish the goal, from top to bottom.
(3) Conduct a materiality analysis
(4) Use an objective third party
(5) Engage with all stakeholders
(6) Asses cost
(7) Construct an ESG team in the business of the company
(8) Manage the supply chain
(9) Recognise the dynamic process
(1) Risk and opportunity assessment
(2) Regulatory requirements
(3) Review of new product
(4) Due diligence of the third party
