Thursday, November 2, 2023
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People at Decospan, are always committed to sustainable practices. They believe this initiative is driven primarily by intuition and a genuine desire to have a positive impact on the environment. Now, they are taking an important step forward by embedding the principles of ESG – Environment, Social and Governance – in their strategy. Louise Chys (Compliance Manager) and Pauline Ollivier (Compliance Coordinator) enlightened on how it is shaping their new sustainability strategy.
What does ESG stands for?
ESG stands for Environment, Social & Governance – three fundamental criteria when it comes to measuring sustainability. It serves as a cornerstone for responsible and sustainable business. Louise explains: “Decospan has always been aware of its environmental and social responsibilities. However, our actions were driven by intuition and a genuine desire to improve our environment. Now we are formalising these practices using ESG within a sustainable strategy.”
The European Green Deal & Corporate Sustainability Reporting Directive
In recent years, the world has become acutely aware of climate change and the need for immediate action. Europe has set the goal of becoming a climate-neutral continent by 2050, through initiatives such as the European Green Deal. Pauline stresses, “To achieve these goals, legislative frameworks are being created, including the Corporate Sustainability Reporting Directive, which imposes obligations on larger companies. This reporting goes beyond financial aspects and now includes sustainability targets – that’s where ESG comes in.”
“Decospan has always been aware of its environmental and social responsibilities. However, our actions were driven by intuition and a genuine desire to improve our environment. Now we are formalising these practices using ESG within a sustainable strategy.”
Decospan has embarked on a comprehensive initiative to examine and evaluate its current sustainability efforts.