
In my
last blog, I outlined five benefits of a gold-standard ESG benchmark for sustainable companies. Ten years ago, it would have been too soon to develop this benchmark. Ten years from now, it may be too late. Here are at least 7 reasons that now is the right time to create a gold-standard benchmark for ESG performance.
1. Leading companies are ready
The business community has already started to set gold-standard ESG performance benchmark-like goals for their environmental initiatives. Wal-Mart, GM, Ford, Toyota, Unilever, PepsiCo, P&G, Kraft, DuPont, Kimberley Clark, and others have embarked on zero-waste initiatives. California has regulations that require all new commercial buildings to be zero-net-energy (ZNE) by 2030. Interface is using its “
Mission Zero” to climb “Mount Sustainability” by 2020. These leading companies know that attaining these stretch goals will make them stronger, more resilient, and more successful. Aggressive “zero” or “100%” goals for KPIs in the gold-standard benchmark will not shock them. They already agree with them.
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