The C-suite is increasingly taking environmental, social, and governance (ESG) programs seriously. Investors, boards, customers, and employees are all demanding that companies measure and report on their ESG performance.
How well companies execute on their ESG goals has reputational, operational, and financial consequences. Is your company prepared to meet key ESG objectives? Take our self-assessment to compare your organization with 1,000 others across industries worldwide.
How you compare
You have work to do, but don’t fret! You’re among the 23% of survey respondents who rank as beginners (60% are intermediates, while 17% are leaders).
Perhaps your organization is early in developing its ESG program, or struggling to prioritize ESG among other priorities and goals. For fellow beginner organizations, environmental goals top the wish list: 71% cite reducing carbon emissions as the top ESG goal.
Beginners face many challenges in meeting their ESG goals. High costs, low budgets, and difficulty balancing ESG with other vital goals top the list of beginner challenges. Yet realizing ESG initiatives has real benefits, too. Improved employee engagement and reduced costs are the biggest results that beginners see from investing in ESG.
How you compare
You’re on your way! You’re among the majority (60%) of survey respondents who also rank as intermediates (23% are beginners, while 17% are leaders).
You’re making progress, but there’s more to do. Perhaps your organization is still defining its ESG goals, or you’re struggling to hire relevant ESG talent, or still settling on a reporting strategy amid the maze of competing frameworks. Well, you’re not alone. There are a lot of priorities for intermediate organizations to juggle.
But keep at it! Every company—leaders included—faces challenges, yet the reputational and bottom-line benefits for organizations that do ESG well pay rich dividends.
How you compare
Congratulations! You’re among the 17% of survey respondents who rank as leaders (23% are beginners, while 60% are intermediates).
ESG-leading organizations are adept at using digital enterprise platforms and technologies, such as AI and cloud, to manage ESG programs and define policies. And being in the lead is paying off. Nearly two-thirds of leaders are growing revenue, while more than half are seeing greater shareholder value thanks to ESG initiatives.
Now is not the time to get complacent. There’s still work to do, and challenges to overcome. A lack of relevant ESG skills and talent can hamper additional progress. Leaders are particularly prone to ESG skills gaps, with 60% citing hiring as their top challenge.