ESG ESG Why is ESG Important? Simply put, ESG is crucial both for the sustainability of our planet and the sustainability of your business. ESG stands for the Environmental, Social and Governance elements and impacts of your business. Customers and investors are already demanding that businesses are committed to their ESG practices and reporting; and can be held accountable. Without ESG, these stakeholders will look elsewhere. Strong evidence is emerging to show that investing in ESG can also improve your business’ performance in a number of ways. This means that the same practices that will create a healthier and happier planet, also point us towards business prosperity. By incorporating ESG, you can be a driving force for change and in doing so, unlock the potential and long-term value of your company. A clear focus on aligning ESG with your core business strategy, and getting reporting right can: • Build your reputation: Showcasing your genuine commitment to ESG is powerful and you can improve the reputation of your business through demonstrating your positive environmental and social impacts. • Gain increased trust: Transparency is key to increasing the trust of your stakeholders and can attract new investors, clients and customers. • Make better decisions: A balanced approach to decision-making will result in better decisions that consider a broad scope of impacts and risks. • Attract and retain talent: A company’s ESG credentials are becoming increasingly more important to job seekers. Research shows that nearly 40% of workers will look for a new job if they think their organisation is not doing enough on ESG. • Boost staff morale and productivity: Employees are more satisfied, loyal and work harder if they know they are working for an inclusive and ethical employer. Furthermore, investing in professional development can increase the capacity of your staff team. • Improve your efficiency: Create more efficient ways of working through transformation focused on ESG. • Reduce costs: Identifying ways to reduce energy consumption, water use and waste can lead to fewer resources being needed to run operations. • Mitigate compliance risks: Help to avoid future legal or non-compliance issues by identifying ESG risks early on. Advising ESG Auditing ESG Christine Eder “Being an entrepreneur, a woman and a mother passionate about supporting our clients going green and showing my kids our beautiful planet, I often come across polluted cities with a lack of sanitation, extreme weather or see gender inequality in times where we all are aware of our social responsibility and talk about change. But where is this change? We are talking about ESG while a war is erupting next to our freedom. Now it is the time to change. Changing our thoughts, our strategy, our future.” Christine Eder is an ESG partner with a strong international audit background serving clients in Europe, USA and China with auditing financial and non-financial information for more than 20 years. She is passionate about supporting charities and doing pro bono work for clients. She is a member of the Sustainability Group at the Austrian Chamber of Tax Advisors and Public. Christine supports clients develop a transparent ESG risk management and sustainability reporting compliant with applicable Sustainability Reporting Standards. Moore Interaudit interaudit@moore.at SUSTAINABLE DEVELOPMENT GOALS Ways to engage with ESG: Integrate ESG into your business strategy, Manage your ESG risks, Report transparently and accurately on your ESG measures and ensure that investments both into your company, and by your company, are ethical and sustainable Your browser does not support HTML 5 video, please use a more recent browser Play video