Environmental Social and Corporate Governance
We provide organizations with a completely turn-key solution for creating and implementing all the structures and processes needed to implement and/or improve ESG.
Environmental, social, and governance factors can be a competitive differentiator and a means to advance the communities we serve.
'There is a clear opportunity for credit unions to use ESG as a competitive differentiator and a means to advance financial well-being for all.’
ESG is becoming increasingly important in financial services because:
- Regulators and policymakers are paying attention to it.
- Consumers, especially young adults, and employees increasingly demand more equitable, ethical, and sustainable organizations.
- The discipline represents a set of risks and opportunities that are becoming more salient for financial institutions.
Benefits of Improved Social Governance
ESG factors were previously considered outside the purview of traditional corporate responsibilities. But a transformation has occurred over the past couple of decades. Outside of government mandates, many companies have begun to work with stakeholders to address issues of mutual concern.
The pandemic, social unrest, and environmental and climate-related events have added to the pace of change. According to Korn Ferry, 86% of employees and consumers want to see a more equitable and sustainable world post-pandemic, and 43% of employees are reconsidering their current jobs because their employers aren’t doing enough to address social justice issues.
Mounting evidence suggests a high commitment to ESG is correlated with stronger financial performance by attracting top talent and customers and reducing costs (e.g., lower energy consumption) and regulatory and legal burdens, McKinsey & Co. reports.
In this context, it’s not surprising that ESG and sustainability considerations are increasingly incorporated into organizations’ strategies, risk calculations, performance metrics, and public reporting. According to KPMG, 90% of North American companies report on their sustainability efforts (read more).
Improve Member Finances
Attract More Members
Improved Financial Performance
Enhance Community Involvement
Get More Grants
Improve Overall Governance
How Flowster Can Help
Our experts will perform a thorough analysis of your existing SOPs and other forms of ESG documentation & processes. We'll then work with your team to transform any current assets into digital assets that are both easy to use and easy to maintain.
Process Discovery
Our team of process & compliance experts will perform a thorough analysis of your existing systems & processes and then we'll work with your to prioritize which areas need the most attention.
Content Conversion
If you don't already have it, once we've helped you to develop the governance roadmap that will deliver the highest or fastest ROI, our team will create the governance processes and checklists needed to improve compliance and operational efficiency.
Optimize & Improve
As soon as any new process documentation is made available to your team, we'll immediately start to collect feedback and look for ways to streamline the documentation so that users are able to achieve the desired outcome with less effort.
Maximize Results
Wether your goal is to raise awareness, recruit more volunteers, or increase donor contributions, our team will work tirelessly to help your organization achieve the results you need to succeed.
