Challenges in ESG implementation
In a column published by Expansión, Pablo Jiménez examines some of the main challenges companies face when designing and implementing an ESG strategy, from identifying material risks to defining responsibilities and measuring results.
In the column “Retos en la implementación de ESG” (“Challenges in ESG implementation”), published by Expansión, our partner Pablo Jiménez discusses the challenges involved in incorporating environmental, social and governance (ESG) criteria into business management.
Pablo highlights the importance of starting with a materiality assessment to identify and prioritize the risks and opportunities relevant to each company, taking into account its sector, industry, context and key stakeholders. He also examines the variety of frameworks, criteria and methodologies available to measure, report and assess ESG performance.
The article also addresses the board of directors’ role in approving and overseeing the strategy, the involvement of legal and compliance teams, and the need to remain up to date as ESG practices and standards evolve. Finally, it considers the importance of assessing the costs and benefits of these strategies from a long-term, sustainable value-creation perspective.
Read the full column in Expansión.
