The Fast-Moving Consumer Goods (FMCG) industry has been in the spotlight for many of these conversations, and FMCG businesses are quickly embracing new practices and initiatives to ensure they are operating in a way that is socially and environmentally responsible.
Let’s explore some FMCG sustainability trends and why looking at sustainability can help you get started into making sure all your ESG data is in order.
Reliable Environmental, Social and Governance (ESG) data is critical for measuring a company’s sustainability performance and its impact on society and the environment. It is imperative for FMCG companies to get a good handle on their ESG data and reporting for the following reasons:
Starting to examine the sustainability status and progress of a company means diving into sustainabilty data. This is where a lot of businesses get stuck, because sustainability data can be quite complicated. But the very process of starting to focus on one area, such as sustainability, allows you to replicate the same investigation into the two other types of ESG data (social and governance), providing you will the tools you need to achieve greater ESG conformance and a more positive brand reputation.
FMCG companies that prioritize these sustainability trends and implement good ESG reporting will ensure that they operate in a socially and environmentally responsible way and consequently, be better positioned to succeed in the future as sustainability regulations and reputations continue to mount in importance.
Explore how DataAssured can help your organisation manage its data quality, build trust across the FMCG industry and enable quicker, more impactful decisions to achieve your sustainability goals.
You may also like to read our eBook: Generating Value with Sound ESG Data Management
Head of Sales for CleanChain, is an expert in the maximization of profit for companies through the use of ESG tools, data technology and impact sourcing. He was an entrepreneur and worked as director of sales for multiple businesses prior to joining ADEC Innovations.
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