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On Tuesday (24th May) I was lucky to be joined by Giovanni Quaglia, COO of Bird-Friendly Farm Management, and Margareta Mucibabici of UiPath for our Deep Dive Live Webinar on Reporting ESG the Right Way.

Climate change, net zero transition and ESG are hot topics in our community, in our sectors and in the world – ESG considerations are a global issue!

Even Elon Musk discussed the impact of ESG this week on his Twitter profile. But in this Deep Dive Live, I spoke to the REAL experts, and got the ESG information our community wanted to help their strategy and practices!

What did we talk about in this ESG reporting webinar?

I spoke to the REAL experts, and we explored the following questions…

  • What does environmental social and governance mean, and why are these terms relevant?
  • How can you transform your future ESG reporting?
  • Why should ESG reporting be one of your most important considerations?
  • What metrics you and your business should be using when measuring ESG?
  • How can automation be your best friend in managing ESG risks?

If you haven’t got time to watch the full webinar right now, that’s okay.

I will dig deep into a few of takeaways from this wonderful session to give you an idea of what we discuss.

I’ll be honest, we are only just scratching the surface on ESG in this article. The panel and I discuss the topic of environmental, social and governance in far more important detail in the webinar.

I would highly recommend you access the whole webinar when you can to give you a deeper understanding of ESG so you can progress your organisation as you face challenges and develop your ESG strategy.

What is ESG anyway? How does it relate to climate change?

ESG stands for Environmental, Social and Governance.

These are 3 pillars that are referred to in order to measure the sustainability and ethical impact of your company or an investment in a business. 

Before ESG, there was CSR

Margareta Mucibabici brought in an interesting topic, discussing the similarities between CSR (Corporate Social Responsibility) and ESG.

She asked whether CSR paved the way for ESG to take the reins – ESG aims to measure performance based on specific metrics, something CSR was not doing.

Greenwashing is a problem in accounting and finance

Giovanni Quaglia introduced the term ‘greenwashing’ to the discussion.

Greenwashing is where companies claim to be eco-friendly and sustainable, when in fact they are not. 

Giovanni supported the reasons that companies greenwash with this statistic:

“40% of CFOs would value short term over long term gains.”

This is one of the risks we need to be careful of, and really emphasises the importance of accurate ESG reporting (which we cover deeply in the webinar, as well as telling you HOW to get your reporting off the ground)

How can we prioritise ESG? 

Easy priorities need to be the first step. An obvious option is to start going paperless, and having virtual meetings over going into the office. 

Another way to begin is to be thinking about sustainable processes, and where we are sourcing our products.

As leaders, we need to be leading the change and showing we want to have an impact through ESG. It will spread even outside of your organisation, as individuals will bring it to new roles or even new organisations.

As Giovanni pointed out in the discussion, Generation Z and millennials play a major role. 

“Younger generations are inclined to work for a company such as Tesla rather than ones like BP & Shell” 

In a world where the war for good talent is growing, companies who want to attract and retain the next generation of leaders and experts need to prioritise ESG and ESG reporting.

Finance leaders are the influencers, so let’s not waste that influence!

What else can I learn about ESG and from this webinar?

As I said, this recap barely scratches the surface of the ESG topics covered in the webinar. It doesn’t even start to get into the actionable insights and tips the expert speakers shared with us. 

Giovanni remarked that not all of us can have our focus at all times on the environment, however we can all do our bit, no matter how small.

The panel covered some of these small things you can do in this session, like what tips can help improve your ESG reporting, including metrics, funding and much more. That’s what our Deep Dive Live events are for, getting into the important and useful details!

If you would like to expand your knowledge of ESG, I would highly recommend you watch the full webinar. You don’t want to miss our experts as they discuss why:

“You can’t go green if you’re in the red.”

The final point I want to leave you with is this: the Earth is actually the majority stakeholder in your business, so let’s start valuing it!

Thanks again, and enjoy the webinar. I look forward to seeing you at one of our next events, which you can check out by clicking here