In this case study from ACG, Shivshankar S.R, CEO of ACG Films and Foils, delves into the ESG strategy that ACG is implementing to improve its organisational sustainability and the requirements needed to ensure its success: education, communication and innovation.
Key insights:
- Providing an outlet for communication, education and questions is vital in keeping all stakeholders informed to ensure a successfull rollout of ESG values.
- Diversity and inclusion are important elements of an ESG strategy and leaders need to take care to ensure that their day-to-day actions do not create or reinforce biases.
- A successful ESG strategy also helps manufacturers to view processes from a design perspective. Taking an innovation ‘value engineering’ approach to systemically analyse the elements of various functions can lower the cost of goods, products and services.
Underpinning business growth with ESG values
With an increased call for accountability from markets and stakeholders alike, companies need to be addressing environmental, social, and governance (ESG) in a strategic and integrated manner aligned with their business as a whole, rather than undertaking ad-hoc initiatives. It’s important to flag that an effective, holistic ESG strategy can actually help - as opposed to hinder - companies to focus on increasing competitiveness, growth and revenues.