The Environment, Social, Governance (ESG) initiative is an umbrella framework that considers a company’s impact and dependencies on the environment and society, as well as the quality of its corporate governance.
- E is the fundamental ethic and stands for Environmental minimising and how the impact of a company affects nature and our planet
- S is an important element of the intelligence where the Social contributions of a company and its fairness in society are measured
- G is the core part of the proposition and encompasses the Governance processes used for decision making, reporting and ethical behaviours
Savanti have already discovered that you don't have to be a 'tree hugger' to take on board the principles of ESG, you just need to embrace the ideology wholeheartedly.
Although there is mounting pressure on companies to be clearer about their ESG policies, it is a massive and sprawling topic and there is no denying that this makes it challenging for many to know where to begin.
Savanti have already assigned a specific ESG project owner who is working on the core principles and moving them forwards into an initiative. Although we have a relatively new understanding of ESG, with the time we have invested in understanding our current maturity level and areas of highest impact we know exactly where we need to focus and how we can tackle these initiatives in the best way.
The financial bottom line is not the only factor that we considered when assessing the value of Savanti, we have also prioritised the interests of all our stakeholders and are pushing our ethos and credentials to the forefront of our work ethics.
We are aware that this is going to be a long journey, but we are viewing ESG as an adventure for Savanti as a consultancy, our clients and anyone else within the cyber security industry that we cross paths with along the way!
Our next blog will cover the first part of our exploration. Watch this space for insight into our sustainability materiality assessment, which resulted in six sustainability topics that will form the basis of Savanti’s ESG strategy.