Mess4ge’s Post

🌱 Why Preparing for ESG Reporting is Crucial for SMEs With the rising focus on sustainability, SMEs are increasingly expected to disclose their Environmental, Social, and Governance (ESG) performance. Properly preparing for ESG reporting is essential, as it often requires a tailored approach based on the industry, company size, and overall strategic goals. 🔍 Are you ready for ESG reporting? Our experts at Mess4ge are here to guide you through every step of the process, ensuring your company meets these evolving expectations and stands out in today’s marketplace! #MESS4GE #MESS4GEProject #ErasmusPlus #ESGReporting #Sustainability #SMEs #ESG University of Galway | University of Nicosia | SGS | ECOLE Enti COnfindustriali Lombardi per l’Education | IDEC S.A. | Σύνδεσμος Α.Ε. & Επιχειρηματικότητας | Léargas

[media support] 𝐄𝐒𝐆 𝐅𝐎𝐑𝐔𝐌 𝟐𝟎𝟐𝟒 | 𝐅𝐑𝐎𝐌 𝐈𝐃𝐄𝐀𝐒 𝐓𝐎 𝐀𝐂𝐓𝐈𝐎𝐍 🌍 Are you wondering how to implement ESG in your business? What criteria to follow? Who provides certification? 🤔 Let’s join the ESG Forum 2024: "ESG – From Ideas to Action," hosted by Saigon Times on June 13, 2024, at Rex Saigon Hotel, HCMC. 🏨✨ 🤝 In coordination with the EuroCham Green Growth Sector Committee (GGSC), the forum will start with the “Green Morning Vietnam! Workshop” to introduce the overall ESG topic from its history to global trend and particular focus for Vietnam. 📌 The forum will be followed by the ESG Series Masterclass organized with the ESG & Sustainable Business Transition Alliance endorsed by the various chambers of commerce including BeluxCham, CanCham, CCIFV, CCIPV, CEEC, DBAV, HKCham, GBA, NordCham. ⭐ Key takeaways: 🔹 Get information about the current ESG trends but also addresses the business issues through in-depth discussions in each field through ESG 🔹Series Masterclass to call for action 🔹Explore where we are on the ESG journey, the readiness level of businesses for ESG, what is hindering businesses from practicing ESG, and what support businesses need to promote ESG implementation. 🔹Have the opportunity to practice ESG with experienced speakers from the industries in the ESG Series Masterclass. 🔹Discuss the fields of ESG in buildings, Finance Transition and ESG Disclosure, and ESG reporting and ranking framework. ✨ A unique aspect of this event is that, this is the very first NET-ZERO Carbon Event in Vietnam. Additionally, sponsoring businesses will receive two NET-ZERO CARBON certificates from the organizers, in collaboration with ESGs & Climate Consulting and PlanetZezo.Earth. 👉 For more information, please contact Mr. Hans Phan at huyhan@thesaigontimes.vn

ESG Metrics for MSMEs 🌎 Micro, Small, and Medium-sized Enterprises (MSMEs) are increasingly recognized for their impact on the global business landscape. As larger firms adapt to transparency in their operations, MSMEs are also drawn into the fold of sustainability reporting. Against this backdrop, Project Savannah, inaugurated in June 2023 by UNDP, MAS, and GLEIF, provides a beacon for MSMEs to align with global reporting standards, setting the stage for a harmonized approach to Environmental, Social, and Governance (ESG) metrics. MSMEs are often at a distinct stage in the sustainability journey compared to larger corporations. The image provided offers a strategic view of ESG metrics that can guide MSMEs in structuring their sustainability reports. These metrics include direct and indirect greenhouse gas emissions, energy consumption patterns, and the nuances of social aspects like workforce composition and safety measures. Each metric is a thread in the larger tapestry of sustainable practices, contributing to the holistic picture of an enterprise's impact. For instance, Scope 1 and Scope 2 emissions are crucial indicators of an enterprise's direct and energy-related carbon footprint. By reporting on these, MSMEs can not only monitor their impact but also identify areas for improvement and efficiency enhancements. Similarly, metrics on water consumption and waste generation offer insights into resource stewardship, a key aspect of environmental responsibility. Social metrics such as headcount, youth, and women hires, and workplace safety reflect an MSME’s commitment to fostering an equitable and safe working environment. These metrics not only enhance internal practices but also shape external perceptions, potentially influencing customer and investor decisions. The governance metrics presented—business registration, compliance, and transparency in financial transactions—serve as indicators of an MSME's adherence to ethical practices and regulatory requirements. This commitment to governance can play a vital role in securing trust and investment. The overview provided by these metrics equips MSMEs to communicate their sustainability efforts effectively. With these measures, MSMEs can align with global sustainability trends, address stakeholder concerns, and potentially unlock new market opportunities. Source: United Nations Development Programme #sustainability #sustainable #sustainablebusiness #sustainabilityreporting #esg #climatechange #socialimpact #business

Despite the significance of ESG for all businesses, one cannot help but wonder whether Sarah who runs a small tailoring business in her backyard, or George with a carwash just outside his yard will prioritize ESG given the lack of profit they may be generating, or perhaps the lack of knowledge on sustainable practices. The high costs of living has made many small businesses extra cautious about how they spend and forced them to prioritize profit over everything else. There is little to no consideration for impacts of their activities on the environment, the safety of their employees or even compliance to the conditions outlined in their registration documents. How then does one help the likes of Sarah and George adopt and appreciate ESG as an important tool towards business prosperity? Asking because I am not fully aware, but do we perhaps have funding or incentive-based programmes in Namibia where small businesses can be eligible by proving integration of ESG into their business activities? Where tools such as this can act as a guideline. Justina Kafula is this part of what DBN does with the MSMEs they fund? Of course we do not always want money to be the main motivation for people to do good or be environmentally conscious, but given the tough times we are living in, it might be our crutch. Nevertheless, I am a firm believer of the power of information. So let us not stop helping our entrepreneurs understand the significance of ESG, even for small businesses.

Because #ESG matters for small businesses, but the frameworks for public companies are not right-sized for them. "Project Savannah, inaugurated in June 2023 by UNDP, MAS, and GLEIF, provides a beacon for MSMEs to align with global reporting standards, setting the stage for a harmonized approach to Environmental, Social, and Governance (ESG) metrics." More insightful efforts are listed in the comments; go read the full thread!

#MSME represent around 90% of the businesses in the world, and therefore are crucial to the transition to a #sustainable economy. These metrics come very useful and complement IFC - International Finance Corporation ‘s Sustainable MSME Finance Reference Guide: https://lnkd.in/e66ajUeq #sustainability #bankingsector #sustainablefinance

Today, let’s discuss some of the prominent digital platforms that help organizations track, monitor, and align their operations with the United Nations Sustainable Development Goals (SDGs). These platforms offer powerful tools for understanding and improving impact in relation to the 17 SDGs. Here are some of them: SDG Compass United Nations Global Compact Dashboard SDG Action Manager by B Lab and UNGC SDSN TReNDS (Sustainable Development Solutions Network) ESG Data Platforms like Refinitiv, Bloomberg, and MSCI Global Reporting Initiative (GRI) TruCost SDG Evaluation Tool Sustainable Development Goal Tracker (Our World in Data) Reporting Platforms like CSRHub and EcoVadis SDG Indicators Global Database These digital platforms provide vital insights and practical tools to help organizations navigate their sustainability journey in alignment with the SDGs. Whether through performance assessment, reporting, or data analysis, these platforms enable businesses and other entities to better understand their impact, set realistic goals, and be more accountable for their contributions to sustainable development.

Enhance Your Business Sustainability Journey with SDGme! 📈 Unify your approach to sustainability with SDGme - an all-in-one portal and assessment tool. We bring together the UN Sustainable Development Goals (SDGs), the Ten Principles of the UN Global Compact, and core Environmental, Social and Governance (ESG) methodologies into a unified framework. This simplifies things for businesses of any size, sector, or location. Rapidly map, target, and report on your sustainability performance, gaining valuable insights to drive progress. SDGme is especially helpful for: ↳SMEs: Streamline your sustainability efforts without a dedicated team. ↳Large organizations: Get started or enhance existing programs. Your SDGme assessment goes beyond reporting, revealing areas for improvement across your ESG performance. It also maps your results to the SDGs, providing a strategic lens to translate global challenges into business opportunities. Start building your competitive advantage today with SDGme! Visit our website for more info. Ahmer Arif Zubair Anwar-Bawany #sustainability #ESG #SDGs #Business #Impact

Nearly 48% of enterprises in APEJ have increased their sustainability/ESG investments. This APEJ upward adjustment in investment is above worldwide average depicting a pattern of overall increased spending on sustainability/ESG. Download IDC Sustainability Readiness guide to learn more and set the right direction for your ESG market strategy today: https://bit.ly/3SB6Ux8 #Sustainability #ESG

ICYMI Nearly 48% of enterprises in APEJ have increased their sustainability/ESG investments. This APEJ upward adjustment in investment is above worldwide average depicting a pattern of overall increased spending on sustainability/ESG. Download IDC Sustainability Readiness guide to learn more and set the right direction for your ESG market strategy today: https://ow.ly/8sKJ50RkF3v #Sustainability #ESG Melvie Espejo Dr. Chris Marshall