ESG : MEASURING OUR IMPACT
Companies like Cox are no longer judged by their financial data alone . In today ’ s world , investors , customers and employees look beyond the bottom line to learn more about a company ’ s environmental and social impact .
And thanks to an enterprisewide focus on environmental , social and governance ( ESG ) reporting , Cox will now be able to tell a data-driven , robust and transparent story about its long-term viability and the positive impact the company is making on the world .
What Is ESG Reporting ?
ESG reporting provides a snapshot of how a company performs in several nonfinancial areas . Environmental data can include carbon emissions , waste and water usage . Social criteria capture measures that include diversity , health and community impacts . The governance area looks at a company ’ s practices and procedures , ensuring internal controls are in place to reduce risk .
All this data paints a fuller picture of a company ’ s long-term value , and how it interacts with stakeholders , to help drive informed long-term decisions . Rating agencies and banks , for example , are already using publicly available ESG information to evaluate
companies and understand how they plan to grow sustainably in the long term .
Why Is Cox Taking the Lead on ESG Reporting ?
Cox has a long history of doing the right thing , and that continues today through the company ’ s collective impact goals — from becoming zero waste to landfill by 2024 and carbon and water neutral by 2034 , to increasing diversity within our executive ranks . Now , Cox is aligning its goals and programs with ESG reporting criteria .
“ Cox not only wants to do good in the world but also inspire other companies to do the same ,” said Lindsay Wilkinson , senior director of corporate social responsibility and ESG reporting , Cox Enterprises . “ To do that , you have to talk about what you ’ re doing , and you also need data to authentically measure and share your progress .”
Why Is ESG Good for Cox ?
ESG reporting will have other benefits — beyond strengthening Cox ’ s reputation as a leader in corporate social responsibility ( CSR ).
20 SPRING 2022