Build and manage your CSR - ESG approach
Environmental issues, social issues, governance... CSR and ESG encompass many facets of corporate life. Evaluating a company's performance on the basis of these extra-financial criteria requires the collection and analysis of multiple data. With its N'Gage platform, Energisme facilitates the collection and centralization of data, then generates extra-financial reports.
What is a CSR approach?
CSR (Corporate Social Responsibility) is an approach that consists in integrating social and environmental issues in business activities and relationships.
While CSR was a purely voluntary approach, sustainable development and environmental protection become a regulatory obligation in 2019 with the PACTE Law. The text stipulates that “all French companies, without exception, must take into account environmental and social issues in the management of their activities.
To combine economic viability and positive impact on the environment and society, companies can rely on the ISO 26000 standard. This standard defines the scope of CSR around 7 themes:
- the environment
- human rights
- communities and local development
- labor relations and working conditions
- organizational governance
- Fair practices
- consumer issues
What are the 3 pillars of CSR?
CSR is based on three main pillars to ensure a balance between economic performance, social concerns and environmental issues.
The implementation of a CSR policy within a company should in no way be an obstacle to its development. CSR includes economic criteria to be followed as a list of good practices for responsible relations in its commercial activities with customers, suppliers, partners :
- To ensure an optimal quality of service
- Satisfy and develop customer loyalty
- To practice a fair and equitable pricing policy
- To pay its invoices on time
- Support local suppliers
- Be transparent with investors
Concern for the well-being and experience of employees is also a component of CSR. A responsible company is a company that takes care of its employees:
- Promote equal opportunity and diversity
- Respecting employees’ rights
- Train employees
- Guarantee optimal health and safety conditions in the workplace
Finally, companies are invited to make their model compatible with the fight against climate change.
- Reduce their energy footprint
- Limit greenhouse gas emissions
- Limit waste production
How to set up and manage a CSR approach?
Rigorous management
With its many facets, CSR is sometimes perceived as a constraint. However, when it is rigorously managed, it strengthens the company’s competitiveness, its image with its stakeholders and its communication with its partners.
What is an ESG strategy and how to implement it?
ESG stands for environmental, social and governance criteria. A complementary concept to CSR, ESG is applied in the context of a non-financial analysis of a company.
ESG criteria offer investors another grid for analyzing a company, in addition to financial criteria.
The development of ESG therefore reflects the growing consideration of companies’ CSR performance in investment decisions.
The environmental criterion takes into account your eco-responsible approach: energy performance, reduction of greenhouse gas emissions, waste management policy and, in general, the prevention of all environmental risks in the company’s activity.
The social criterion covers respect for employee rights, employee training, prevention of work-related accidents and psychosocial risks, the quality of social dialogue and relations with subcontractors.
Finally, the governance criterion aims to ensure parity between men and women in the management team, the independence of the board of directors and the presence of an audit committee.
The steering of energy efficiency and environmental objectives is a step towards potential investors. By using the N’Gage platform, you can monitor these indicators in real time and easily communicate them to all current and potential stakeholders.