Customers today often look to work with environmentally and socially friendly organizations to do business with. This has become especially important for organizations in the financial services industry. Many different regulations have been put in place to hold financial institutions to a certain standard regarding how they operate their organization.
ESG stands for environment, social, and governance. For many organizations, addressing ESG initiatives has become a strategic priority they are focusing on creating more sustainable business models. Each part of ESG strategies should focus on the different criteria that organizations are measured on and how you can focus on making a significant change that can make an impact in each of these areas.
As you create a strategy to address the environmental aspects of your organization, you should consider the following:
As you create a strategy to address social conflicts, you should consider the following:
As you create a governance strategy, you should consider the following:
Organizations with strong ESG strategies considering the above criteria set themselves up for success. Businesses and individuals alike are more interested in doing business with organizations that are helping the world than ever before. When you demonstrate that you have an ESG strategy, you show that you care about more than just your business but also the world around you.
As your organization begins implementing ESG initiatives that will create a positive impact, it is important to ensure that you have sustainable and efficient technology to help support them. Read about how Extreme Networks has been Advancing our Sustainability Footprint and how our solutions can help your financial organization be more responsible and efficient with how you do business.
Learn about how Extreme Networks is making a difference with our 2022 Corporate Social Responsibility Report.