Never underestimate the value of stakeholder engagement. Stakeholders offer meaningful insights shaped by their direct experiences with your company, whether as customers, employees, or partners. Those who regularly interact with the company possess informed perspectives on ESG issues, derived from daily experiences and firsthand observations. Through structured and organized discussions, we can gather valuable and impartial feedback, pinpoint areas for improvement, and even uncover innovative solutions. Effective stakeholder engagement thus becomes crucial in driving meaningful progress in ESG performance.
Who are considered stakeholders of a Company?
Each stakeholder group has specific interests and expectations related to ESG, influencing company strategy, transparency, and overall sustainability performance. Stakeholders ususally include the followings:
1. Investors and Shareholders
2. Employees
3. Customers and Consumers
4. Suppliers and Business Partners
5. Regulators and Governments
6. Community and Society
7. Financial Institutions
8. Media and Public Opinion Leaders