Essentially ESG initiatives (Environmental, Social, Governance) are sustainability and social responsibility practices which measure how companies interact with and affect their external communities. It’s becoming more important since there’s a correlation between ESG performance and financial performance. Additionally, consumers and employees are also demanding increased accountability in these areas and expect companies to do their part to improve the world we live in.
Mandatory reporting requirements are still being established and standardized, however, the Securities and Exchange Commission (SEC), investors and shareholders expect companies to be open and transparent about their performance, goals and initiatives in all three categories. In fact, more than 90 percent of S&P 500 companies now publish ESG reports in some form.
Although this year has continued to be challenging globally, we can say for certain that we are seeing a renewed momentum to address the social criteria surrounding business sustainability - in particular, workplace diversity, equity and inclusion. In fact, in 2021 more than 70 large companies established and communicated their gender diversity targets, including Airbnb, Bank of America, Bloomberg, Coca-Cola, GE, Intel, McKinsey, TaskRabbit, and Xerox.
In order to achieve gender representation goals, companies are strategizing, investing and implementing innovative programs and initiatives that drive social change. TONE Networks is uniquely designed to increase diversity and inclusion by connecting, developing and retaining early to mid-career female employees by encouraging them to grow and thrive both personally and professionally.
TONE Networks Creates Value
A strong DEI social proposition should be viewed as a value add. Companies working with TONE Networks get real results:
Ready to learn more? Find out how TONE Networks can help you achieve your social sustainability goals.