Our aim is to help build a more sustainable future on the principle of inclusivity. Every little step taken towards sustainability matters. We narrowed our scope and set priorities to focus on those standards which would align with universal values, priorities and capacities, fitting all small and medium businesses.
Your self-assessment through ESG Bay’s questionnaire covers a comprehensive set of ESG data points bringing together current legislation, industry standards, leading frameworks and common best practices. At the same time it gives you the flexibility to select which information you assess to be material and what to include in your disclosure.
In recent years we have witnessed an exponential increase in sustainability reporting worldwide, characterised by a multiplication of reporting standards, frameworks, guidelines rules and regulations at national and global levels.
Sustainability reporting guides, tools, frameworks and standards are useful in supporting a company’s reporting practices when interpreted by a broad team of advisors, which requires access to resources, resources small and medium businesses might lack. The use and interpretation of sustainability reporting guides, tools, frameworks and standards usually require an expert or entire departments. ESG Bay breaks this barrier by providing a tool that saves vital resources for small and medium businesses.
Although different industries focus on their own fields, when it comes to sustainability, we share the same values. Through our reporting experience you not only will disclose what your company deems important, but gain more insight on metrics of universal importance, such as greenhouse gas emissions (GHG), recycling, waste and pollution reduction, child labour, antislavery regulation and anti-bribery policy etc.
It allows stakeholders and potential customers to get a much wider picture of an organisation. For companies it is an opportunity to affirm their pursued values, to understand their impact on the environment, to analyse their operations and management, and where applicable, to identify the areas needing improvement and adjust their strategy.
Front runners and early adopters will not only attract environmentally conscious investors first but also appeal to like-minded customers.
The many benefits range from affirming your organisation’s mission and pursued values, improving reputation, to increasing employee loyalty and retention rates.
The many benefits of disclosing company’s sustainability targets and ESG related performance include improved reputation, attracting capital, building and maintaining consumer trust, increased innovation and efficiency, waste reduction and even improvement of risk management within the company and across their supply chain
Conducting this assessment will enable the business to mitigate its negative ESG impacts and promote understanding of ESG risks and opportunities. And finally, a sustainability orientated company meets the expectations of its own employees, who are an important primary audience of its day-to-day performance. The positive impact on the workforce as a whole is not to be overlooked with the work commitment and participation in company’s sustainability projects.
Non-financial reporting is outside-oriented by design. Public sharing of companies’ information with their key stakeholders is a unique communication platform for sustainability issues and impacts.
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