How To Deliver A Successful ESG Strategy
VentureBeat, Friday, May 5,2023
Over the last 20 years, there has been a massive cultural shift in the business world. The elements that have always been considered essential for business success (e.g., a strong value proposition, product-market fit and sound financial planning) remain relevant, but they are no longer enough.
There is a new necessary component today: an appropriate environmental, social and governance (ESG) strategy.
The pressure for companies to measure up on ESG comes from all fronts - regulatory bodies, customers, investors and even their own employees. In its early days, a business may still be able to prosper without devoting too much thought to ESG, but as it grows larger and time goes on, this becomes much less likely.
Enterprises that disregard ESG will find it more challenging to raise investment capital and to nurture a positive public image, particularly when compared to competitors that can point to a solid ESG track record.