Have you heard of ESG? It stands for Environmental and Social Governance, and it is the collective name for a growing body of standards and requirements that cover these areas. The driving force is institutional investors demanding that if they are to invest in an organisation, it must meet certain standards.
Now, not many of us may have institutional investors, but I would not be surprised to see the Charity Commission focus more on this in the future.
So is now a good time to review your own ESG policies? You might start with checking your compliance with any of the following that apply to your situation:
- Companies Acts in relation to climate-related, environmental and employee-related
- Bribery Act
- Modern Slavery Act
- Equality Act
- Health & Safety at Work Act
- Common law obligations/duties, e.g. the law relating to negligence and nuisance
- Consumer Protection
- Environment Act
Even if none of them apply, or if any do, we recommend that you also update your STEEPLE analysis which looks at external factors that may affect your organisations ability to deliver its impact. Included in these are Environmental, Social, and Legal factors.
We are planning an Autumn webinar for Board trustees on STEEPLE and other helpful tools, but if you would like to know more in the meantime, why not book a FREE 20 -minute insight call at https://zorva.info/free-insight-call/