Why private companies need to catch up on sustainability
Sustainable businesses are focusing on three interlinked areas: environmental sustainability, corporate social responsibility and people sustainability. And their investors (i.e. ultimate owners) are increasingly looking at key metrics to assess progress across environmental, social and governance (ESG), and diversity, equity and inclusion (DE&I) factors in making their investment decisions. More needs to be done within DE&I particularly, as the pace of change is lagging behind public markets – and that matters. Public companies are leading private companies in three interlinked areas: environmental sustainability, corporate social responsibility and people sustainability. A diverse and inclusive culture attracts and retains the best talent, which leads to competitive advantages for those companies that have inclusive cultures.