From the Desk of: Cheryl Sullivan, Senior Communication Manager, North America / IFS PACsecure, IFS International Featured Standards
Environment, Social, and Governance (ESG) are criteria for assessing a company’s desire to do their part to make the world a better place. Under the Environment pillar falls climate impact while the Social pillar focuses on how companies manage their relationship with their stakeholders, e.g., employees, suppliers, customers and their communities. The Governance pillar looks at the leadership, innovation, and financial wellness of the company.
At the heart of ESG is a company’s ability to identify risks, align its management of operations for a sustainable future, and to be aware of the impact it has on all three areas.
Small and medium-sized enterprises may find the many dimensions of sustainability rather confusing now that environmental and climate protection, social issues, and corporate governance needs to be taken into consideration. They face the challenge to understand the various regulations and implement measures in a target-oriented manner.
The IFS ESG Check is a good start
To assist companies in getting started, IFS developed the IFS ESG Check – a tool that helps companies find their path on the rocky road to a greener future. It records involvement in environmental, social, and governance issues to guide businesses into the next phase of their growth. The IFS ESG Check is a benchmarking tool that creates the foundation on which businesses can align their sustainability management, identify risks, and plan their further engagement.
Why an IFS ESG Check is a good start for more corporate sustainability
The IFS ESG Check helps companies find orientation, evaluate the status quo, identify risks, and plan for the future. The check provides a starting point from which businesses can monitor their progress and look for opportunities to build on their corporate sustainability.
Advantages of the IFS ESG Check
- The IFS ESG Check is a simple assessment and easy-to-use tool to check a company’s maturity level regarding sustainability.
- It helps enterprises get ready for the evolving legal landscape concerning Environmental, Social, and Governance (ESG) principles.
- The check is a sound basis for entry into more comprehensive sustainability assessment systems.
- The information and documentation are readily available when your customers or regulatory bodies request it.
- The IFS ESG Check is recognised by renowned retail companies as a trusted tool to document sustainability management systems.
How it Works
The basic module of the IFS ESG Check focuses on recording a company’s sustainability management system. As an optional additional module, the IFS ESG Check allows companies to evaluate their carbon footprint management system and determine their footprint.
Companies determine their current situation and status quo by completing a self-assessment form. An auditor verifies the answers given. This unique combination ensures that the data are robust and trustworthy and can be used to plan the following steps, take measures to improve sustainability management, and identify additional potential.
For more information, visit ifs-esg-check.com.
Book your free IFS ESG Check
IFS has developed an exclusive IFS ESG Check industry training with our dedicated training partner, ImpactBuying BV. It is linked to the content and background of the IFS ESG Check self-assessment form, including the Carbon Footprint module. It will help you understand what steps you need to take to grow on the ESG journey.
The training is free for 1,000 IFS certified or IFS Global Markets assessed companies. The training sessions take place online in two blocks of 4 hours each on two different days. It includes a preparation package that takes 2 hours for each module. From September 2022, courses in different languages will become available. Late registrants, non-IFS certified, or global markets assessed businesses will pay a moderate fee.
Interested? Register here: https://impactbuying.com/ifs-esg-check-training