According to Peter Drucker\u2019s now iconic maxim, \u201cWhat gets measured gets managed.\u201d
\nEvery successful initiative requires high-quality metrics that can be clearly defined and whose changes are genuinely linked to what we want to measure.
\nIn addition to their informational role, metrics serve another extremely important purpose. A well-chosen metric not only tells us to what extent we have achieved our objectives \u2014 it also influences the way we perceive the part of reality connected with our activities. For example, GDP (Gross Domestic Product) has become such a key indicator in our society that it is almost impossible to talk about a country without mentioning its GDP.
\nThis indicator describes the total value of final goods and services produced within a country over a specified period of time, usually one year.<\/p>\n
GDP per capita is often used as an indirect measure of societal well-being, but this approach has obvious limitations.
\nIf a country is hit by an earthquake, the money spent on reconstruction may cause GDP to increase \u201con paper\u201d, yet people and families affected by the disaster would hardly consider themselves better off.
\nMoreover, GDP does not account for factors such as the length of the working week, environmental pollution, the share of the population suffering from mental health problems, income inequality, access to education, women\u2019s rights, access to clean water, and many others.
\nThe development of alternative measures of human well-being proved to be a crucial step.
\nThese measures increased the visibility of aspects of the economy that had previously been overlooked as difficult to quantify, despite being highly important to the people living within it.
\nThey also became a powerful tool for those advocating positive change in society and the environment.
\nThe existence of clearly defined and widely recognised alternative measures of well-being gave greater weight to arguments in favour of greener solutions.
\nIn addition, these measures enabled both private and institutional investors to make more informed decisions about which companies should receive their capital.
\nThe awareness that society expects the companies it supports to act
\nresponsibly,
\npromote equality,
\nand develop sustainably creates a powerful incentive for action - one that no company can ignore in the long term.
\nwhere
\ncompanies choose to allocate their capital.
\nThese measures therefore influence not only reporting,
\nbut also real business decisions.<\/p>\n
They help investors assess environmental and social performance.
\nThey also make sustainability easier to compare across companies.
\nAs a result,
\nbusinesses have a stronger incentive to improve their impact.
\nClear ESG metrics
\ngive greater visibility to environmental and social issues.
\nThey allow investors to make more informed decisions,
\nwhile encouraging companies to act responsibly,
\npromote equality,
\nand develop in a more sustainable way.
\nA company\u2019s future may depend on whether it takes
\nthe right steps toward sustainable development.
\nSo what are some examples of ESG metrics?<\/p>\n
Environmental \u2013 environmental metrics
\nWater consumption
\nEnergy consumption
\nGreenhouse gas emissions
\nSocial \u2013 social metrics<\/p>\n
Length of the working week
\nSize of the gender pay gap
\nDiversity in the workplace
\nGovernance \u2013 governance metrics
\nRepresentation on the management board
\nExecutive compensation
\nAnti-corruption policy<\/p>\n
These examples are only the starting point
\nwhen it comes to the metrics a company can implement in order to improve its impact on society and the natural environment.
\nWhat is more, companies with stronger ESG performance tend to perform better overall.
\nWant to learn more about ESG and sustainable development? Join us at the Warsaw ESG Summit!
\nSummit!<\/p>\n
Click the link:\nhttps:\/\/sknkonsultingu.pl\/events\/konferencja-warsaw-esg-summit-2024\/<\/p>","protected":false},"excerpt":{"rendered":"
Zgodnie z kultow\u0105 ju\u017c maksym\u0105 Peter\u2019a Druckera, cz\u0142owieka nazywanego ojcem zarz\u0105dzania, \u201cWhat gets measured gets managed\u201d. Do sukcesu ka\u017cdego przedsi\u0119wzi\u0119cia potrzebne s\u0105 dobrej jako\u015bci mierniki, kt\u00f3re mo\u017cna odpowiednio \u015bci\u015ble okre\u015bli\u0107 a ich zmiany s\u0105 faktycznie powi\u0105zane z tym, co chcemy zmierzy\u0107. Opr\u00f3cz roli informacyjnej, jest jeszcze jedna niezmiernie wa\u017cna rola, kt\u00f3r\u0105 odgrywaj\u0105 mierniki. Dobrze dobrany […]<\/p>\n","protected":false},"author":3,"featured_media":6334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[1],"tags":[107],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/posts\/5550"}],"collection":[{"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/comments?post=5550"}],"version-history":[{"count":2,"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/posts\/5550\/revisions"}],"predecessor-version":[{"id":5553,"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/posts\/5550\/revisions\/5553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/media\/6334"}],"wp:attachment":[{"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/media?parent=5550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/categories?post=5550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sknkonsultingu.pl\/en\/wp-json\/wp\/v2\/tags?post=5550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}