Are you ready for the ESG revolution?

Though the thought of undertaking Environmental, Social and Governance (ESG) reporting and becoming compliant might seem overwhelming at first, many companies will find that they are already contributing to many aspects of ESG reporting. Do you train on bribery and tax evasion? If so, that is a key factor in reducing the risk of a governance failure. Maybe your company does diversity audits? Or has a progressive HR policy? If so, you’re already ahead on the social aspect. Does your organization have a recycling policy? Then you’ve already got a head start on the environmental reporting front. 

How new rules in the EU, UK and US are changing the face of corporate reporting

Upcoming EU legislation: Scope, reach and what you should do now

On 10 March, 2021 the EU parliament formally requested that the EU Commission, the bloc’s executive arm, draw up legislation for a new directive aimed at harmonising ESG reporting.

The proposed new corporate due diligence and corporate accountability directive will cover companies that sell to the EU, not just those based there. Business will be required to identify, address and remedy their impact on human rights and the environment. Crucially, this is likely to go up and down the value chain, which means customers as well as suppliers. Businesses could be sued inside the EU for human rights violations or environmental damage committed by their customers or end users of their products in third countries. 

Environmental, Social and Governance factors are changing the corporate world

What is Environmental, Social, & Governance? ESG Explained

ESG – Environmental, Social and Governance – is the hottest acronym in the business world. The term is crowding out the old CSR (Corporate Social Responsibility) approach in favour of a more holistic view that considers the carbon footprint as well as the number of women on the board. 

3 Main Aspects of ESG

There are three main aspects of ESG to know about.

• Reportings
• Ratings
• Regulations.

Reportings are what the company says about itself. Ratings are what other people say about the company’s ESG efforts, most importantly investors. Regulations are government standards for ESG actions or disclosures.

Global businesses are no longer working on environmental, social and governance issues in a silo. They are bringing them together under the banner of ESG to demonstrate the positive impact their existence is having on the world.

2023 was yet another exciting year for growth at VinciWorks. With two more leading elearning providers, DeltaNet and EssentialSkillz, being fully merged into our brand, we are now able to offer around three times as many courses, and in multiple formats. We offer video courses, five-minute knowledge checks and in-depth courses that can be adapted to suit specific industries and roles. 

Our development team has also been busy. We’ve built an in-browser editor into our courses and will release our “client portal” in 2024 to allow clients to seamlessly manage their staff’s training. We have also added multiple integrations to Omnitrack, software that allows businesses to manage data collection, follow-up, approvals and reporting, all from one centralised portal.

Let’s take a look at our achievements in 2023, before raising a glass to a new year.

2.3m video views

This number has almost doubled since last year and includes 3.8 million hours of video streamed. In 2023, we increased our video capabilities, allowing us to produce video courses using professional actors. We also have several courses that include both film and text, such as our new course on artificial intelligence. 

Our most popular video courses in 2023:

• Inclusion Essentials
• Neurodiversity
• Intersectionality
• Allyship
• Sexual Orientation

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