Many businesses have already taken part including those from the Fortune 500, Blue Chip Companies, listed/would be Listed Companies, Private Companies, Family Office, International Accounting Firms, National Credit Rating Agencies, Financial Regulators and more.
Some past winners include AXA, UBS, Unilever, Pfizer, FUJIFILM, Sony, Tesla, McDonald’s, Microsoft, Anta, AAC Technologies, Agile, Alibaba Group, COSCO, Hang Seng Bank, LifeWear, MTR, NetEase, Rusal, Sunny Optical, Swire Coca-Cola, Xtep, AEON, Chinachem Group, CK Infrastructure, DBS, Haier, Pioneer, SaSa, Shenzhou International, Raffles Family Office, PwC, Fitch Ratings, Hong Kong Monetary Authority, etc.
Independent InnoESG Prize Recognition fosters stakeholder confidence, trust and employment loyalty. It facilitates sharing values and contributes towards a sustainable future through addressing the World's pressing social/environmental issues. In a competitive landscape, it can serve as an important differentiator.
Environmental, social, and governance (ESG) issues are no longer treated as an afterthought by companies. The growing momentum behind the ESG movement has brought sharp focus on how companies integrate environmental, social and governance strategies into their business and culture.
As a result of changing market dynamics, increased global regulation, and advocacy from key players, there’s a greater acceptance of stakeholder capitalism whereby corporations are oriented to serve the interests of all stakeholders (customers, suppliers, employees, shareholders, and communities), versus just shareholders.
Companies are now not only tasked with incorporating a sustainability strategy that outlines the management of material ESG issues, but also effectively communicating its management approach, tactics, and progress of those issues to multi-stakeholder. Only then will they get a return on their impact through higher ratings and the ESG brand equity benefits.
The Most Member States of the Unitied Nations to Adopt Sustainability Goals (SDGs). Sustainable Development Goals adopted by the 193 Member States of the United Nations at the General Assembly in September 2015, outlines a transformative vision for economic, social and environmental development.
90% of people believe it is important that business signs up to the SDGs.
78% more likely to buy the goods and services of companies that had signed up to the SDGs.
These goals break down each area such as poverty and climate action into an overarching objective, facts and key results, providing a framework for governments, companies and individuals to become sustainable.
Without this UN-backed framework, we cannot buy into a sustainable vision of the world. The SDGs also can be aligned with ESG for Impact, which in turn helps companies promote sustainability, philanthropy, and public social impacts.