The Top 12 Most Impactful ESG Actions You Could Take to Improve Your Owner Managed Business

In today’s business landscape, sustainability and responsible practices are no longer mere buzzwords. Customers, investors, and even employees expect businesses to prioritize Environmental, Social, and Governance (ESG) factors. Embracing ESG initiatives not only helps the planet and society but also brings several benefits to your small business. If you’ve not thought about it yet, here are twelve of the most impactful ESG actions that you can take to enhance your business while making a positive impact, writes Clive Scrivener, Founder & Partner at Wimbledon based Chartered Surveyors Scrivener Tibbatts.

1. Implement Energy Efficiency Measures
Reducing energy consumption not only lowers your carbon footprint but also saves costs. Evaluate your energy usage, upgrade to energy-efficient equipment, install LED lighting, and consider renewable energy sources to reduce both environmental impact and operational expenses.

2. Adopt Sustainable Supply Chain Practices
Assess your supply chain and choose suppliers that align with your sustainability goals. Prioritize those who emphasize ethical sourcing, fair labour practices, and reduced environmental impact. Collaborating with like-minded partners strengthens your commitment to sustainability.

3. Reduce Waste and Implement Recycling
Take steps to minimize waste generation by implementing recycling programs, encouraging reusable packaging, and reducing single-use items. Educate your employees and customers about recycling best practices, ensuring a responsible waste management system.

4. Enhance Employee Well-being and Diversity
Prioritize the well-being of your employees by offering a healthy work environment, work-life balance, and wellness programs. Promote diversity, inclusion, and equal opportunities, creating a vibrant and productive workforce.

5. Encourage Community Engagement
Support local communities by participating in initiatives that address social issues. Volunteer, sponsor local events, or collaborate with nonprofits to make a positive impact. Engaging with the community fosters goodwill and strengthens your brand reputation.

6. Develop Ethical Marketing Practices
Ensure your marketing messages are transparent, honest, and ethical. Avoid greenwashing or making false claims. Focus on authentic storytelling, highlighting your genuine sustainability efforts, and showcasing the value you bring to customers and the planet.

7. Foster Innovation and R&D for Sustainability
Invest in research and development to identify sustainable alternatives for your products or services. Embrace innovation that promotes environmental conservation, resource efficiency, and circular economy practices. Stay ahead by anticipating future sustainability trends.

8. Embrace Responsible Governance
Establish strong corporate governance practices by implementing transparent reporting, ethical leadership, and accountability. Create a framework that addresses stakeholder concerns, ensures fair practices, and upholds ethical standards throughout your organization.

9. Prioritize Water Conservation
Identify areas where water is used inefficiently in your operations and implement water-saving measures. Optimize water consumption, invest in water-efficient technologies, and raise awareness among employees to conserve this precious resource.

10. Offer Sustainable Products and Services
Develop sustainable alternatives or modify existing products and services to align with eco-friendly standards. Consider factors such as materials, packaging, production processes, and end-of-life disposal. Offering sustainable choices attracts environmentally conscious customers.

11. Invest in Employee Training and Education
Equip your workforce with the knowledge and skills needed to embrace sustainable practices. Conduct training sessions, workshops, and awareness campaigns to empower employees to contribute to your ESG initiatives effectively.

12. Measure and Report Progress
Establish metrics to measure your sustainability progress regularly. Transparently report your achievements, challenges, and goals to stakeholders, showcasing your commitment to continuous improvement. Embrace sustainability reporting frameworks such as the Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB).

By incorporating these 12 impactful ESG actions into your own business, as we are trying to do at Scrivener Tibbatts, you can make a substantial difference. Embracing sustainability not only improves your brand reputation but also attracts customers who prioritize ethical practices. Remember, every step, no matter how small, contributes to a more sustainable future for your business and the world. Start today, and let your ESG journey lead you to greater success while creating a positive impact on society and the environment.

If you would like to discuss something related to a property valuation please contact Clive Scrivener direct via email at Clive@scrivenertibbatts.co.uk or call 020 8971 2983.