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Committing to your company’s sustainability is so important in today’s era.
Your competitors are doing it, your clients demand it and the planet needs it.
But ensuring good sustainability practices is not an easy task. There are so many aspects, areas, and guidelines to take into account that it can all seem overwhelming.
This is exactly why the Packhelp Pro team has come up with a scoring system meant to help supplier partners track their efforts, and make it easier for clients to pick the supplier that best fits their packaging needs. In this article, we are going to go into detail about ESG practices and how to ensure them, as well as dive into Packhelp PRO approach to an efficient sustainability scoring system.
Here’s exactly what we’re gonna be touching on:
- What does ESG stand for and why is ESG reporting essential?
- ESG reporting made easy: Packhelp Pro’s sustainability scoring system
- What does our ESG reporting system measure?
- How does our sustainability scoring cards system work?
- How do I improve my score?
- Why is it useful for supplier partners?
- Why is it useful for brands?
What does ESG stand for and why is ESG reporting essential?
ESG (Environment Social and Governance) factors are used to evaluate a company’s investments and approach toward sustainability.
They are valuable both internally for deciding on future strategies, and externally for investors who wish to understand risks and growth opportunities. ESG reporting is essential for companies to provide evidence of their sustainability efforts and their commitment to improving and growing, bearing in mind clients’ and investors’ needs.
ESG reporting made easy: Packhelp Pro’s sustainability scoring system
To make such evaluations easy for our packaging partners globally, we have come up with a sustainability scoring system that takes all important factors into consideration.
From social, to environmental and waste management; every aspect is accounted for in Pro and carefully analysed through our system.
The goal is to ensure that the supplier partners who choose to use our software have a way to easily measure how they’re doing, while clients get to pick the suppliers who offer the best solutions for them.
It is not an easy job, but we made it the easiest it’s ever been!
What does our ESG reporting system measure?
There are 5 main areas of focus when it comes to our sustainability scoring cards:
- Air & Climate
Each section is designed to assess your company’s sustainability efforts based on specific benchmarks.
For each one, there are standards to be met in compliance with the current regulations and the best practices to be followed.
Evaluating a company’s non-financial factors has become increasingly more important, and it’s now something investors are increasingly focusing on.
Revenue itself will not make a company successful. That’s why it is essential to have some type of system in place to measure your efforts and learn your strengths and weaknesses so that you know what can be done to improve in all areas.
How does our sustainability scoring card system work?
We want to provide our supplier partners with the most practical tool to assess their own sustainability efforts. For this reason, the way it works is extremely easy.
We’ve come up with a series of close-ended questions for each of the sections we have mentioned before: governance, environment, air & climate, waste and social.
Each answer you provide allows you to earn a point, lose a point or keep your score as is.
What’s needed from you is to simply take the survey and answer all the questions in the way that best reflects your company.
The result will represent your sustainability score and will be the amount you need to bear in mind going forward.
How do I improve my score?
Once you have taken our survey and have gotten your sustainability score, you’ll be ready to take the necessary steps to improve your company, and thus also increase your score.
The available answers during the survey should give you a rough idea of what you could do differently. Moreover, our platform provides all the insight you need on your company's performance to understand your strengths and weaknesses and learn what you can do better.
Why is it useful for supplier partners?
There is no way you’ll have a good understanding of the state of your company’s efforts sustainability efforts if you don’t keep track of everything.
Doing so is usually hard and entails using different tools, which can become messy and confusing.
Our software is extremely easy to use and will allow you to measure it all in one uniquely designed place.
As a Pro Partner, you’ll be able to use our scoring system to measure your sustainability level. This is the key to making sure you understand what is working best and what could be improved, so you take all the steps in the right direction and ensure you get closer and closer to meeting the market’s standards and your clients' expectations.
Making an effort towards sustainability will ensure that your company stands out from the rest, while also making brands which are equally as committed more likely to choose it as their designated packaging supplier.
Why is it useful for brands?
A brand’s packaging says a lot about your company's values.
You want to make sure you use packaging that is sustainable, so you can compete with other brands in the market and ensure potential clients aren’t discouraged from purchasing from you based on this aspect of your business.
As a matter of fact, today’s clients care about environmental issues more than ever and tend to support brands that have similar values. Needless to say, the majority of them won’t place an order if they don’t think your brand agrees with them and represents them.
Sustainable packaging is the area of a business that seems to be more easily achievable, or at least this is what the general buyer persona may think.
Therefore, if the sole fact that opting for sustainable choices is essential nowadays is not reason enough for you to commit to it fully, knowing you might lose some clients should do it.
Through Pro, you can easily pick the supplier which best fits your brand, in terms of available packaging solutions as well as materials used.
Full control over your packaging is what Pro will provide.
Easy management of such operations is also another aspect that will come with it.
ESG reporting is quite the essential part of your company analysis, and Packhelp Pro is here to make it as simple as possible.
Our sustainability scoring system is what most of our clients believe they’ve been missing all along, and something that will help them ensure they take the right steps towards a more sustainable approach.
In the era when environmental issues are taken seriously by many, we help our partners keep up by providing them with the right tool to understand their company’s status and what they should do to improve.
Make sure you don’t miss out and join today!