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This self assessment tool will ask you questions about Environmental, Social and Governance (ESG) aspects of your business. These questions are designed to provide you with a snapshot of your business practices so you can develop actions that will help your business demonstrate its commitment and capacity in these areas.
This tool will guide you through 14 questions and will take approximately 10 minutes. At the end you receive a report of where your business currently sits in each ESG pillar and a list of suggested next steps. This report can be printed or saved as a PDF.
We recommend you complete this self assessment process every 3 months to track your progress.
ESG Stands for Environmental, Social and Governance. These are the three pillars that measure the sustainability and ethical impact of any business.
Environment relates to the physical impact of a business. Categories will often detail how efficient a business is in participating in actions that will assist in minimising harm to the environment through a reduce, reuse and recycle approach.
Social highlights how a business manages the relationships and well being of its employees, as well as its overall supply chain. This also takes into account a businesses relationship with the local communities it operates in. There are also a range of social and ethical business practices that underpin this pillar.
Governance looks at how a business effectively manages internal processes to comply with federal and state laws as well as: ESG awareness, data collection and reporting, effective stakeholder engagement, ethical business and risk management, and business continuity practices.
You may have noticed that tenders and quotes in both the public and private sector now ask about the ESG activities of a business. This is being driven by International climate and sustainability reporting standards adopted globally in 2023. These standards apply to all members of the supply chain. This means alongside larger organisations, micro, small and medium sized businesses in Queensland will need to demonstrate their commitment and capacity to meet these requirements.
Developing an understanding of ESG is important for your business going forward. Being able to identify the strengths in your business, alongside the practices that could be improved, is an important first step in setting up a more sustainable and ethical business.
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These questions will help you to identify and assess the environmental impact of your business. They cover waste management, energy efficient practices, your carbon footprint and resource conservation.
Waste management is your commitment and capacity to collect, transport, process, recycle and dispose of waste to reduce its impact on the environment.
Energy efficiency is your commitment and capacity to use energy efficient practices to reduce the environmental impact of your business.
Carbon footprint is your commitment and capacity to measure and reduce the amount of greenhouse gases, including carbon monoxide and methane produced by your business activities.
Resource conservation is your commitment and capacity to manage and conserve any natural resources used in your business activities.
These questions will help you identify and assess the social impact of your business. It covers employee well-being, diversity and inclusion, community and Indigenous engagement, supply chain practices and protecting human rights.
Employee well-being is your commitment and capacity to the overall health, satisfaction, safety and happiness of individuals in your business.
Diversity and inclusion is your commitment and capacity of your business to create and maintain a diverse and inclusive workplace that values and protects the contributions of all employees.
Community engagement is the commitment and capacity of your business to contribute to the social and environmental well-being of the community in which you operate. This may involve attending or sponsoring community events, participating in local forums, volunteering time or resources to build a presence in the community.
Indigenous community engagement is your commitment and capacity to build strong relationships with Aboriginal and Torres Strait Islander communities and increase opportunities for their participation in your business activities.
Ethical supply chain is the commitment and capacity of your business to use suppliers that value and prioritise responsible and sustainable practices throughout the entire supply chain process.
Protecting human rights is the commitment and capacity of your business to respect and uphold human rights.
Looks at how a business effectively manages internal process to comply with federal and state laws as well as: ESG awareness, data collection and reporting, effective stakeholder engagement, ethical business and risk management, and business continuity practices.
ESG leadership and reporting is the commitment and capacity of your business to manage and apply a vision and plan for sustainability, social responsibility and ethical practice.
Ethical business practice is your commitment and capacity to adhere and apply high ethical standards to all business activities.
Stakeholder engagement is the commitment and capacity of your business to actively involve individuals and groups who have an interest in your business activities, decisions and outcomes.
Risk management is the commitment and capacity of your business to identify, assess, prioritize, and mitigate potential risks that could negatively impact business activities.
Last updated: 10 May 2024
