The perceived significance of ESG (Environment, Social & Governance) factors has increased across all business sectors over recent years as global matters such as climate change, diversity and corporate accountability have received greater coverage. For most businesses these factors have always been considered, not least since they contribute to the best business performance. Life Sciences is not outside of these impacts as greater attention is paid to them by investors, collaborators, those procuring supplies and services and employees/recruits.
During recent One Nucleus events and other meetings, the question has arisen not infrequently of what One Nucleus is or could be doing to promote good practice and encourage adoption among our members and wider network. Creating a framework of how we can deliver the above, expecting ourselves to adhere to such things where appropriate feel like a mechanism to play our part. Such a framework statement could appear as follows:
Working with our One Nucleus members to inform good practice in the areas of (i) sustainability; (ii) equity, diversity and inclusion (ED&I); and (iii) governance we will:
- Connect members with experts in the required discipline to discuss their objectives, strategies, and resources for launching or strengthening their ESG initiatives.
- Share best practices throughout our network, highlighting case studies and data sources.
- Deliver events to present and debate best practice in corporate governance.
- Bring our network together for inclusive and open dialogues around how to be an Employer of Choice.
- Promote good practice and secure collaborators able to support our members in their drive to reduce their environmental impact aiming for ‘Net Zero’.
- Disseminate information regarding public sector such as grant funding to support businesses in implementing such measures.
- Create an online resource centre where members can access further information on-demand
- Lead by example
Tony Jones 03/06/2021
Useful Links:
ON Activity:
- ESG and Life Science Investing
- Jasmin Bannister’s Blog: Creating Space for Everyone - Diversity and Inclusion
- BLSA session: What is ESG and Why is it Important to Attracting the Best Talent?
- Employer of Choice sessions
- Group Purchasing Scheme suppliers – One Nucleus seeks Preferred Suppliers that include a sustainability statement or plan on their web site
- One Nucleus achieved the Gold Green Impact Award for the 2022-2023 programme
- One Nucleus is proud to be a part of the Green Impact 2023-2024 programme
Expert Resources in One Nucleus Membership:
- EY - How Will ESG Performance Shape Your Future
- KPMG - Corporate Reporting - Understanding and Increasing Confidence in ESG Disclosures
- Deloitte - How CFOs Can Manage Sustainability Risks and Create Long-Term Value