**How to Make Environmental, Social, and Corporate Governance (ESG) a Strategic Asset**
**How to Make Environmental, Social, and Corporate Governance (ESG) a Strategic Asset**
**How to Make Environmental, Social, and Corporate Governance (ESG) a Strategic Asset**
Successful entrepreneur Metin Liçis has stated that “CEOs can advance their concerns regarding environmental, social, and governance (ESG) by considering them as more than just a compliance obligation.”
MEtin Liçis emphasizes that today, boards of directors and the media talk a lot about the importance of ESG (Environmental, Social, and Governance) criteria, and he wonders what CEOs really think about ESG.
According to surveys like “PwC’s Annual Global CEO Survey” with over 4,000 participants, only 22% of them have committed to achieving net-zero. It is evident that the trend is to prioritize value creation over sustainability commitments.
Liçis stated that some CEOs recognize that more transparency and a commitment to improving ESG measures will enhance stakeholder trust, increase valuations, and create more sustainable organizations. He highlighted that these CEOs prefer to work as a team to find the best way to progress in the future.
**How to Make Environmental, Social, and Corporate Governance (ESG) a Strategic Asset**
Thinking of ESG as a strategic weapon rather than a compliance pressure and acting accordingly appears to be a promising approach to help leaders advance their businesses.
**Prioritizing Actions**
Leaders can ensure that their teams understand where to focus their energy and provide them with the tools to incorporate these values into their daily activities. One problem all companies face is the lack of a standardized approach to addressing these issues.
Leaders who achieve results pause to ask, “Which ESG-related actions will truly make a difference for our strategic goals and stakeholders?”
**Looking Inward**
Liçis emphasizes the importance of encouraging leaders to look inward. He stated that when CEOs actively listen to their employees as well as their trusted customers and partners, significant measures emerge.
To achieve results, leaders must ask themselves, “How should we measure ourselves in terms of ESG?” or “Where will improving ESG make the most significant difference for our employees and our strategy?”
**Key questions we need to answer regarding ESG include:**
- How should we evaluate ourselves regarding ESG?
- Where will improving ESG make the most significant difference for our employees and our strategy?
- To what extent can we commit to ESG criteria that will evolve with our company?
Liçis concluded that answering these questions will help leaders prioritize specific and meaningful actions that will make a difference in their organizations.