You know when you\u2019re getting to know someone and all they do is talk about themselves? That\u2019s what some marketing content can feel like.\n Thankfully, many corporations have learned that the Impact they have on the world is at least as important as the money those brands can make. This practice has grown into what is known as environmental, social, and governance (ESG), which is used by public and private investors to evaluate the impact a corporation has on the world.\n Put another way: ESG measures the risks that a brand poses to the planet, the public, and the communities where that brand makes an impact. Those impacts can be broad \u2013 such as reducing CO2 emissions, improving the social conditions where a corporation operates, or tweaking the governance structure of how brands make large decisions \u2013 and are now looked at as important facets for investment and divestment.\u00a0\n To round out the picture, Fullintel spoke with Dave Armon, CEO of 3BL Media, a news distribution service which specializes in ESG communications. Armon says that great ESG begins with data.\n \u201cA lot of companies will start with an assessment of what works, what doesn\u2019t, and what can be measured,\u201d said Armon. \u201cNext, brands have to think about what impact they can have on the things they can evaluate.\u201d\n If no one is counting the trees falling in the woods, if one falls what difference does it make?\n This kind of ESG work is now fundamental to how an organization operates. It goes beyond communications and into operations, engineering, even investment planning, with everything tied to measurable impacts and outcomes.\u00a0\n Armon says that what can be measured and reported on, along with who leads the program internally, is key to what sets ESG apart from other types of initiatives.\n \u201cESG is not interchangeable with CSR (corporate social responsibility) or DEI (diversity, equity, and inclusion),\u201d he said, adding that while these types of initiatives are similar, ESG is more compliance driven with firm measures and reporting structures in place.\n That\u2019s not to say that all three can\u2019t coexist. It\u2019s more than ESG is its own thing and presents its own challenges.\n \u201cGreat ESG programs shine a light on where a company needs to improve,\u201d said Armon. Brands, in turn, benefit from such self-reflection \u2013 both internally and for external audiences. \u201cCompanies gain credibility when they actually say where improvements can be made.\u201d\n \n You can stumble into components of these programs running around in the wild after just a few minutes of searching on the internet. A great example is AirBNB.org\u2019s Open Homes project, which helps those fleeing persecution, war, or environmental disasters find a place to stay for free. AirBNB.org is a non-profit and separate corporation from AirBNB. It has helped more than 100,000 Ukrainian refugees flee the war in their country.\u00a0\n What stands out are the stories presented by the program\u2019s hosts. The stories are personal and inspiring.","tablet":"Have you ever visited your favorite restaurant to find it is under new management? Well for close to 400 million people who use Twitter as a source of their media diet, that's what we've been experiencing. The shrimp scampi is off the menu, the health department has been called in, and the service staff are now forced to share their tips. The vibe has been impacted.\n I\u2019ve struggled with Elon\u2019s Twitter, but what\u2019s keeping me there is the fact it is still up, audiences are engaged and as yet there isn\u2019t another restaurant in town.\n \n Why Twitter is Still Worth It:\n Challenges are real, but not fatal yet:\n If you can\u2019t measure it, it isn\u2019t real. Yes, people are leaving Twitter, but no there isn\u2019t a better replacement available yet. With so many businesses, governments, and people relying on Twitter as a syndication channel, and as a key for brand measurement we\u2019re stuck with it. To quote Trooper\u2019s seminal work, \u201cWe\u2019re here for a good time, not a long time, so have a good time, the sun can\u2019t shine every day.\u201d\n The sun is shining, in this rainy city, keep Tweeting until you can\u2019t. "}},"slug":"et_pb_text"}" data-et-multi-view-load-tablet-hidden="true"> You know when you’re getting to know someone and all they do is talk about themselves? That’s what some marketing content can feel like. Thankfully, many corporations have learned that the impact they have on the world is at least as important as the money those brands can make. This practice has grown into what is known as environmental, social, and governance (ESG), which is used by public and private investors to evaluate the impact a corporation has on the world. Put another way: ESG measures the risks that a brand poses to the planet, the public, and the communities where that brand makes an impact. Those impacts can be broad – such as reducing CO2 emissions, improving the social conditions where a corporation operates, or tweaking the governance structure of how brands make large decisions – and are now looked at as important facets for investment and divestment. To round out the picture, Fullintel spoke with Dave Armon, CEO of 3BL Media, a news distribution service which specializes in ESG communications. Armon says that great ESG begins with data. “A lot of companies will start with an assessment of what works, what doesn’t, and what can be measured,” said Armon. “Next, brands have to think about what impact they can have on the things they can evaluate.” If no one is counting the trees falling in the woods, if one falls what difference does it make? This kind of ESG work is now fundamental to how an organization operates. It goes beyond communications and into operations, engineering, even investment planning, with everything tied to measurable impacts and outcomes. Armon says that what can be measured and reported on, along with who leads the program internally, is key to what sets ESG apart from other types of initiatives. “ESG is not interchangeable with CSR (corporate social responsibility) or DEI (diversity, equity, and inclusion),” he said, adding that while these types of initiatives are similar, ESG is more compliance driven with firm measures and reporting structures in place. That’s not to say that all three can’t coexist. It’s more than ESG is its own thing and presents its own challenges. “Great ESG programs shine a light on where a company needs to improve,” said Armon. Brands, in turn, benefit from such self-reflection – both internally and for external audiences. “Companies gain credibility when they actually say where improvements can be made.” You can stumble into components of these programs running around in the wild after just a few minutes of searching on the internet. A great example is AirBNB.org’s Open Homes project, which helps those fleeing persecution, war, or environmental disasters find a place to stay for free. AirBNB.org is a non-profit and separate corporation from AirBNB. It has helped more than 100,000 Ukrainian refugees flee the war in their country. What stands out are the stories presented by the program’s hosts. The stories are personal and inspiring.What is ESG (and what is it not)?\n
ESG communications can split the difference\n
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What is ESG (and what is it not)?
ESG communications can split the difference
The post You’re So Vain: Why Great ESG Focuses on Impact, not Brand appeared first on Fullintel.
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