Stakeholders, customers,and investors, are increasingly influencing their decisions on the ESG aspects of an organisation
ESG is concerned with the impact an organisation has on its internal and external stakeholders across Environmental, Social and Governance (ESG) elements of their organisational practices.
Environmental criteria reflect the impact the organisations have on the surrounding environment, such as the effects on biodiversity or carbon emissions. It also addresses the effects of climate change and environmental changes on the organisation itself.
Social criteria are established from the interactions and relationships the organisations have with internal and external societal stakeholders, such as employees, customers, and communities.
Governance criteria focus on the organisation’s leadership and corporate policies. These policies direct the organisation in terms of executive pay, board diversity and structure and corruption.
It is imperative for companies to comply with ESG regulations to create value and it is becoming a matter of significance in the United Arab Emirates. However, the plethora of regulations and constant changes in regulatory demands have only complicated the efforts made by organisations. Increasingly organisations are moving away from a piecemeal approach to taking a holistic view to address ESG compliance. Through this they can better manage business processes, create transparency, and meet reporting requirements.
About ESG Health Check
At PKF, we provide Environment, Social Governance (ESG) consulting services in Dubai, Abu Dhabi, Sharjah & UAE. With the understanding that time is a valuable commodity, we have optimised and streamlined the processes in conducting an ESG assessment. We have developed a simple but effective 3-step technique to increase the accessibility for organisations in the United Arab Emirates to engage with their ESG practices.
