PHILIPPINE companies should start adopting environmental, social, and governance practices to thrive, according to an IBM Consulting official.
Three-quarters of executives agree that sustainability drives better business results, while 72% view ESG as a revenue enabler, he said, citing an IBM Institute for Business Value study published on Feb. 27. “Though the market data show that more businesses are incorporating sustainability across their organizations, the key is to embed it throughout the business — truly bake it into operations — rather than treat it as an add-on,” he said.
He added that being transparent about business operations could help an organization’s bottom line by promoting a positive company reputation.
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