Identify your goals
To determine what you want to do, review the relevant regulations and discern the expectations of your customers and other stakeholders.
1. What priorities do they have?
2. What metrics do they watch?
Next, appraise your current state. Think in terms of policies, processes, staff, data and metrics.
3. What are you already doing?
4. What are you equipped to do?
5. Maybe more importantly, what are you not equipped to do?
Then, consider factors outside of ESG.
6. What business objectives matter to you?
The business objectives of cost control, resource management, risk management, and compliance often align with ESG objectives. In many cases, they come with best practices and commonly accepted metrics that you might already incorporate into your business. Consider these common ESG topics, along with the associated work and metrics that you might already have: