ESG: Environmental, Social and Governance
The future of business development is the implementation of ESG policies. What does this mean?
Environmental, Social and Governance or environmental, social and corporate responsible management,
i.e. in order for Nord holding’s business to be sustainable and successful, we must invest
by creating added value throughout the whole chain: society, environment, contractors, consumers, employees and owners.
In other words, ESG defines the approach to successful sustainable management of our company.
This approach stems from the concept of the so-called three “P’s”:
people, planet, profit (PPP). At the heart of the concept is that if companies turn their attention to this
“threesome”, they will triple their profits.
Meaning of the three factors that underlie the ESG:
view your company as a manager of nature, planning active actions for its conservation, e.g. protection from harmful emissions and greenhouse gases, preservation of clean oceans and seas, fertile land.
show the company’s attitude towards people: responsible management of its relationships with employees, suppliers, customers, other communities to create a favorable living environment.
must be at a high level, which is achieved through quality management, transparency in decision-making, risk assessment, internal control, audits and more.
The importance of ESG is assessed through
the company’s image
Any responsibly managed company with developed environmental, social and corporate policies will be more competitive and more attractive to investors, which will also lead to financial stability and sustainability.
In the long run, companies with effective ESG policies will be more adaptable to crisis situations and new regulations, will strive to develop innovation and protect their reputation.
Globally, governments, businesses and society are increasingly sensitive to environmental and social issues. Therefore, regulatory changes at European Union level, driven by the idea of tackling climate change, are also intensifying. Timely action on the ESG aspects will ensure compliance with the provisions, which will become increasingly stringent.
Our team promotes sustainable
practices and solutions
A sustainable ESG policy in Nord holding
Every month from the 1st to the 5th we announce several environmental or social initiatives that aim to solve a case, make nature cleaner or help the socially disadvantaged.
The budget is in the amount of BGN 5,000 to 10,000 every month.
All employees of Nord holding vote from the 6th to the 20th of the month for each initiative.
The management supports this ESG initiative, which has collected the most points.