You’ve likely heard about it before, but don’t quite know what it really is, or why it’s important. But worry not, because you’ve come to the right place. We’re here to help clear things up so you can be the star of the show at your next party.
WHAT IS CORPORATE RESPONSIBILITY?
Corporate Responsibility is how environmental, social, and governance principles function in an organization. Also known as ESG. These standards act as a guideline for how a company operates and makes decisions with regards to those three aspects.
The environmental aspect refers to the way the company operates with regards to the protection and conservation of nature.
The social aspect is how a company manages its relationships with all its stakeholders, with a focus on the communities where it operates in.
The governance aspect refers to how a company manages itself in terms of leadership, organizational structure, audits, internal and external controls, and transparency.
WHY IS CORPORATE RESPONSIBILITY (ESG) IMPORTANT?
As investor sentiments and priorities begin to shift toward companies that better align with their values, companies are finding that having a strong ESG presence is to their benefit in addition to the inherent benefits of ESG itself.
Many financial advisors have also tailored their recommendations in favor of companies that follow ESG criteria as they became more appealing to investors.
IS CORPORATE RESPONSIBILITY A NEW THING?
ESG has always been around, but only more recently has it been given a more formal name. Companies have always been aware of their corporate responsibilities, but never has there been a better time to reevaluate their practices. In addition to the practical ethical values of following ESG criteria, investors are also becoming increasing influenced when it comes to their investment decisions.
DAYTONA HOMES AND ESG
Here at Daytona Homes, we make sure to incorporate ESG guidelines into everything we do. Beginning with our dedicated ESG committee, we're constantly striving to ensure that we uphold our corporate and social responsibilities. From using sustainable home building practices to community events and philanthropic activities, all the way to encouraging and supporting a diverse team, Daytona Homes aims to be a leader in ESG for years to come.
