Radha Curpen is featured in CBA National on the remarkable evolution and importance of ESG. The article looks at how ESG is a crucial part of business and explores how the absence of ESG practices create a risk to an organization's reputation, and consequently its investors, stakeholders and community engagement.
Radha recommends that organizations involve many different departments in developing an ESG framework, including management, legal, compliance, financial and operational. “The ESG requirements will look different for different organizations. There is no ‘one size fits all,’” she says. “It will depend on the priorities of the business, the business sector, the interests of the key stakeholders and the location where the business is operating."
Radha encourages organizations to carefully review their ESG goals for accuracy and consistency, particularly if they are public. “The information will be scrutinized whether it is by the public, by the company’s employees, investors or regulators,” she advises. “So anything that is inaccurate and incomplete can be harmful and can result in reputational harm or legal risk to the company. It can also undermine the ESG narrative and make it difficult for stakeholders to understand the commitments and progress on ESG issues.”