The InnoESG Prize Series provide an incentive for leading companies to promote themselves to
potential investors and customers by showcasing their proven track records of Philanthropy and Sustainability.
Environmental, social, and governance (ESG) issues are no longer treated as an afterthought by companies. The growing momentum behind the ESG movement has brought sharp focus on how companies integrate environmental, social and governance strategies into their business and culture.
As a result of changing market dynamics, increased global regulation, and advocacy from key players, there’s a greater acceptance of stakeholder capitalism whereby corporations are oriented to serve the interests of all stakeholders (customers, suppliers, employees, shareholders, and communities), versus just shareholders.
Companies are now not only tasked with incorporating a sustainability strategy that outlines the management of material ESG issues, but also effectively communicating its management approach, tactics, and progress of those issues to multi-stakeholder. Only then will they get a return on their impact through higher ratings and the ESG brand equity benefits.
SocietyNext Foundation is an independent registered non-profit organization.