Let Numbers Be Numbers
Carmen Perez, Director, Data Insights, CECP
As originally featured on CECP's Insights Blog
How many times have you been tasked with charting a new course, only to be overwhelmed by the number of choices when picking a direction? Already there is a lengthy list of “S in ESG” metrics that relate to people and community initiatives. Each company is on a journey of narrowing its focus on those most critical for the company’s strategy, which will, of course, be different from corporate peers. However, if our collective goal is to solve some of the world’s most pressing challenges, we need to find a way to measure the whole picture.
If we consider the range of “S in ESG” metrics a representation of the bricks, steel, and materials needed to create a better a better world through business, how can we build a (metric-driven) bridge to the future together?
Take, for example, community-driven initiatives. These types of programs do not have broad consensus around a metric or two that are the most common. Or, in the case of the environment, it might be Greenhouse Gas Emissions. In the case of governance, it might be a Board diversity metric. Based on challenges our network continued to repeat and with all the current standards and reporting in mind, it’s time to pivot and prepare for the future of “the S in ESG.”
This week CECP released What Counts: The S in ESG, New Conclusions, a paper that centers on a bold goal for companies to report Total Social Investment using a shared definition by 2020.
Read the complete blog: https://cecp.me/2w6QKUb
