In the last several years, environmental catastrophes and increasingly stark social divides have shifted global perspective and ingrained a renewed sense of global responsibility – few places more significantly than in boardrooms and businesses. strategies have quickly become a powerful tool for leaders to demonstrate good corporate citizenship, and how they are helping to make a positive impact within the communities they operate in.
Ultimately, this pressure is a good thing. It forces businesses to think outside-of-the-box on how they approach these challenges – both internally and externally. Externally, the general public, partners and community leaders have higher expectations for businesses to demonstrate how they are making a positive impact in the communities they operate in.
For sustainability commitments, begin by looking at institutional bodies guiding the discussion globally. For businesses that operate in multiple countries, global groups such as the UN and its climate control mandates have spent a lot of time and energy framing the problem and examining concrete steps organizations across different industries can take.
Having employees play a central role in shaping a company’s ESG strategy, including identifying and supporting community-driven not-for-profits and social causes, can have an immensely positive effect on business outcomes. Fostering an ecosystem of impact helps to improve employee retention and attract new talent with skillsets and passion to further elevate the impact of its programs.
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