ESG criteria and SDGs form the most important framework in which the impact of organizations acquires a broader social significance. On the one hand, ESG criteria and SDGs offer tools for developing an impact strategy and managing your organization. On the other hand, they offer opportunities to make your impact visible, for example to customers, investors, governments and other stakeholders.
Connecting impact with SDGs and ESG criteria is a challenge for many organizations. Because what information is actually relevant? What do we focus on? And how do we translate information in the right way into the right benchmarks? Impact helps with that. We help you integrate SDGs and ESG information into your organization’s strategy and translate your impact into globally recognized goals and criteria.
Sustainable Development Goals
Sustainable Development Goals (SDGs) are 17 goals (and 169 targets), which have been agreed by the United Nations (UN). They are goals to make the world a better place by 2030. They provide companies and organizations around the world with a compass to tackle climate, poverty and education challenges.
SDGs therefore offer you as an organization concrete opportunities to contribute to a better world. Empact is happy to help you determine these opportunities, implement SDG opportunities in a strategy, measure SDG impact and benchmark these metrics.
Environmental, Social and Governance
Environmental, Social and Governance (ESG), or ecological, social and governance criteria, are a set of standards in the field of sustainable business. Ecological criteria relate to how you deal with nature. Social criteria are about your organization’s relationship with suppliers, employees and the community in which you operate. Board criteria examine how a company is run and include executive pay and tax strategy.
For investors, ESG information is crucial in determining the risks of an investment. The simple idea behind this is that companies that create value not only for the owners – but for all stakeholders – will achieve better returns in the long run. It is therefore of great importance as an organization to comply with ESG criteria. We at Empact are happy to help you with that.