However, ESG reporting can not only improve investor relations, but also create a bond with customers, local communities and employees, who will appreciate working in a transparent and fair phone code philippines environment. In turn, creating an organisational culture around ESG activities can instil a certain sense of belonging among employees. Companies that care about their employees and promote the values of diversity, equality and inclusion have lower staff turnover and higher levels of job satisfaction. It is also an undeniable fact that young people are increasingly paying attention to social responsibility issues. Companies that adhere to these principles are more attractive to young talents and are able to attract forward-looking and highly qualified people, which of course impacts the company's productivity and innovation.
Another advantage of this type of reporting is cost optimization. They allow companies to better control resource consumption and analyze it for waste. Reducing the use of water, materials or energy on a large scale results in significant savings. Data of this type can also help design a circular economy. With CO2 emission certificates becoming more expensive and raw materials becoming increasingly difficult to obtain, such measures not only have a positive impact on a company's performance, but also serve society and the world at large.