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The benefits of including ESG in your business strategy are increasing, and Speeki is leading the way when it comes to helping organisations operationalise ESG initiatives to drive growth opportunities, reduce costs, and future-proof their brands in the eyes of an increasingly conscious public.
To maximise the value of having ESG strategies, companies need to recognise all the elements of the ‘S’ and the ‘G’ – not only environmental aspects – and start to focus on the risk areas that might be impacting their business performance. For example, HR teams can use ESG to deliver a safe environment where people can speak up, and to fight against harassment, discrimination, bullying and other fundamental human resources elements.
At Speeki, we have adopted an ESG risk model that outlines what we consider the 19 risk areas of focus to look at ESG from a broader perspective. From diversity and inclusion, health and safety, human capital management and data protection to transparency and ethics and integrity, we believe that HR professionals can really help to manage and develop ESG initiatives in each of these areas across the business.
The key message for all HR professionals and management teams is to start to tease out what ESG means, then find out the best way to focus on the fundamental elements of ESG and the thinking from a stakeholder perspective. Then you can use ESG to truly add value to your organisation.
To learn more about ESG, including how to build strong ESG initiatives, how to manage key ESG risk areas from an HR perspective, and how to generate real data for your ESG efforts, listen to The HR Gazette’s HRchat podcast – Episode #478 here: