The Challenges
One of the biggest challenges is integrating environmental, social, and governance (ESG) into business strategy. If you aim to increase EBITDA and sell your company for the highest multiple, how does ESG align with this? The second challenge is measuring success, and the third is often resources. Companies with ESG initiatives that support the overall business strategy are more likely to invest in them, support them, and measure their success.
The Standards
Looking at key metrics can be helpful when developing an ESG strategy to understand a starting point, what success looks like and how to get there.
Carbon emissions, energy consumption, waste production, and water usage can serve as valuable metrics, alongside employee satisfaction, community involvement, and regulatory compliance. Having the right KPIs, motivations and measurements is key to success.
The Risks
Like any new initiative if the ESG strategy does not align with business strategy and corporate values, if it is not properly resourced, measured, monitored and reported on, it may fail. Without proper communication and engagement, it can fail miserably.
The Benefits
Building a successful team that can deliver growth is crucial for any company in the channel. Finding, training, and retaining the right people who can understand and exceed your partners' expectations is challenging, but when achieved, it becomes difficult to replicate. Loyalty is fostered by creating an engaging and financially rewarding environment for learning and acquiring key skills that are invaluable to our partners.
About Jola
Jola is an award-winning, supplier of business communications, specialising in mobile data SIMs. Jola sells, on a wholesale basis, to MSPs, ISPs, IT support companies and telecommunications resellers. These channel partners supply solutions to public sector organisations and enterprises worldwide.
To find out more, request our Partner Pack.
