What is ESG?

Environmental, social, and governance (ESG) initiatives are topics of discussion everywhere – in the workplace, social media, news outlets, and beyond. And for good reason.

Recent public advocacy efforts around climate issues, diversity and inclusion, data privacy, and more have been driving forces in pushing ESG to the forefront.

While stellar products and services used to be enough for businesses to attract new customers, investors, and employees – and win their loyalty over time – that’s not fully the case anymore. It’s still certainly a large piece of the puzzle for business success, but interested parties increasingly want to dive deeper and understand how the companies that they’re engaged with support sustainable ESG initiatives.

Environmental, Social, and Governance are three key factors when measuring the sustainability and ethical impact of a company’s business practices.

But what do each of these categories look like when we examine them more closely? Let’s break it down further with some specific examples:

1. Environmental – Overall environmental impact and responsibility

How is an organization working to manage …

• Climate change
• Waste and pollution
• Resource depletion
• Greenhouse gas emissions
• Deforestation
• Carbon footprint

2. Social – Management and interaction with people, other businesses, and cultures

How is an organization putting their best efforts forward when it comes to …

• Employee relations and diversity
• Working conditions
• Impact on local communities
• Health and safety practices
• Conflict resolution

3. Governance – Accurate, ethical, transparent internal procedures and data management

How is an organization conducting itself ethically with regards to …

• Financial reporting
• Data privacy policies
• Executive pay strategy
• Donations/political lobbying
• Corruption and bribery
• Ethical Data sourcing, enrichment, and management

What are our ESG commitments at Precisely?

There’s no doubt about it: embracing ESG programs impact people, planet, and business.

So while our ESG solutions help our customers accurately demonstrate and quantify their commitment to these initiatives, we’re also dedicated to making our own strides at Precisely.

Some of the key drivers for ESG at Precisely are focused on environmental stewardship and diversity, equity, inclusion, and belonging.  What’s that look like in practice? Here’s a peek:

Environmental efforts
Including, but not limited to:

• Pro bono product initiatives around wildfire risk
• Environmental compliance and awareness program for all employees
• Data center consolidation and hybrid cloud strategy
• Conservation and recycling
• Remote workforce policy
• Global facility resource reduction

Social efforts
Including, but not limited to:

• Girls Who Code corporate sponsorship
• Precisely Women in Technology (PWIT) employee research group
• Diversity & Inclusion Council
• LGBTQ employee resource group
• Corporate-sponsored volunteer hours
• Employee training and education

Leading Voice in Ethical Data Management

Including, but not limited to:

• Trust Center for Data Integrity Suite
• Thought leadership and education around data privacy
• Ethical data management policies and practices
• ESG due diligence for M&A transactions

Making an impact – together

When it comes to ESG, we’re all on this journey together.

If your organization is making ESG a priority, we’re here to help make sure your efforts are comprehensive, compliant, and built on a solid data integrity foundation that supports success for your reporting and analytics.

And no two organizations are the same. That’s why our Precisely Strategic Services team will tailor your experience to the unique data challenges and business initiatives of your business. We’ll work with you to define the strategy, business case, and metrics that deliver the outcomes you need.

Find out more about how we can help optimize your ESG efforts to make the biggest impact.