2021-09-20T06:32:00Z

How to calculate the company's ESG score and how to get the level of its impact?

EzzAbdelfattah - PeerSpot reviewer
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AC
Real User
2023-10-09T16:31:43Z
Oct 9, 2023

They say that to calculate a company's ESG impact, companies can use a variety of metrics and frameworks. One common approach, as reported, is to use the following steps:



1. Identify the ESG metrics relevant to your company and industry. Some common ESG metrics include:




    Environmental



    • Greenhouse Gas Emissions

    • Energy Consumption

    • Water Consumption

    • Waste Production


    Social



    • Employee Satisfaction

    • Customer Satisfaction

    • Diversity and Inclusion

    • Community Engagement


    Governance



    • Board Composition

    • Executive Compensation

    • Anti-Corruption Policies



    2. Collect data for the ESG metrics you have selected. This data can be collected from various sources, such as internal company data, third-party providers, and public databases.


    3. Calculate your ESG impact using the selected metrics, which can be done using a simple or more complex weighted average that considers each metric's relative importance.


    4. Track your ESG impact over time to identify trends and areas for improvement.




    The specific data that may be required to calculate the level of ESG impact will vary depending on the metrics that you have selected, but the most common are Environmental, Social, and Governance, such as energy consumption data, waste production data, community engagement data, anti-corruption policies data, etc.

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