Question

What are some techniques used to integrate traditional drivers and ESG drivers? - a. Materiality Assessment

b. Integrated Reporting
c. ESG Integration in Decision-Making
d. Engagement and Stakeholder Dialogue
e. Incentives and Performance Metrics
f. ESG Risk Assessments
g. ESG-focused Innovation
h. Supply Chain Integration

Answer 1

Some techniques used to integrate traditional drivers and ESG drivers include materiality assessment, integrated reporting, and ESG integration in decision-making.

Step-by-step explanation:

Integrating traditional drivers and ESG (Environmental, Social, and Governance) drivers can be achieved using various techniques. Some of these techniques include:

1. Materiality Assessment: This involves identifying and prioritizing ESG issues that are relevant to the organization's stakeholders and business operations.
2. Integrated Reporting: This is a reporting framework that combines financial and non-financial information, including ESG performance, to provide a holistic view of a company's value creation.
3. ESG Integration in Decision-Making: This involves incorporating ESG factors into business decisions and strategies to ensure alignment with sustainability goals.

These techniques, along with other approaches such as engagement and stakeholder dialogue, incentives and performance metrics, ESG risk assessments, ESG-focused innovation, and supply chain integration, help businesses merge traditional drivers with ESG considerations to drive sustainable and responsible practices.