ESG (Environmental and Social Governance) has forced a reassessment of the core of corporate strategy. High performance on ESG measures can help a business grow in several ways. These range from increasing investor confidence to risk management. A company promoting strong ESG performance will also be ahead of the game as legislation in the area continues to develop.
Demonstrating a robust sustainability strategy will equip firms with the tools and knowledge to thrive in the face of our changing climate. The present climate crisis is an emerging financial crisis, and firms willing to expand their expertise in this area stand to better understand the future of investment.
Planet Mark have helped the London Pensions Fund Authority (LPFA), the largest local government pension provider in London, measure and report its carbon footprint in their first year of certification. They have set a carbon reduction target of 5% annually and if they are able to achieve this, they will save the carbon equivalent of burning 185kg of coal.
There is increasing consensus among the boardrooms of financial services firms that the industry will be held accountable for more than just financial outcomes in the future. Good intentions must be combined with commitments and robust measurements to demonstrate continuous focus on carbon reduction. Planet Mark equips company with the tools to measure and reduce their carbon footprint, and communicate their sustainable successes.