The ESG Advantage.

How Cleaning and FM Companies can gain a competitive edge and improve their bottom line

ESG practices are becoming increasingly important for cleaning and FM companies, as clients, employees, and investors are all looking for companies that are making a positive impact on the world.

ESG (Environmental, Social, Governance) is a framework for measuring the sustainability and social responsibility of a company.

ESG benefits for cleaning and FM companies

▪️ Attract and retain clients. Building managers and clients are increasingly interested in doing business with companies with strong ESG practices. According to a study by Cone Communications, 87% of consumers are more likely to purchase from companies that advocate for social and environmental issues.
▪️ Improve employee morale. Employees are more likely to be satisfied and productive when they work for companies that have strong ESG practices. According to Glassdoor’s study, 75% of employees are more likely to stay with a company that has a strong ESG position.
▪️ Reduce risk. Companies with strong ESG practices are less likely to be exposed to environmental, social, and governance risks. A study by Deloitte showed that 87% of executives consider reputation to be their company’s most significant risk.
▪️ Improve financial performance. Companies with strong ESG practices are more likely to have improved financial performance. Oxford University’s study found that 90% of companies show a positive relationship between ESG factors and financial performance.

What can a cleaning or FM company do to boost their ESG promise?

Environmental

▪️ Reduce pollution by using non-toxic cleaning products, recycling and composting waste, and using energy-efficient equipment.
▪️ Protect water quality by using chemical-free cleaning products, and disposing of hazardous waste properly.
▪️ Conserve energy by scheduling cleaning and maintenance activities to off-peak hours.

Social

▪️ Maintain safe and healthy workplaces by using non-toxic cleaning products, providing adequate ventilation, and training your employees on proper safety procedures.
▪️ Support local communities by hiring local workers, donating to local charities, and using recycled materials.
▪️ Educate on ESG practises by talking to your employees and clients about sustainability, and advocating for environmental protection policies.

Governance

▪️ Maintain ethical business practices by ensuring that your employees are treated fairly and that they always show integrity.
▪️ Publish your ESG reports, disclosing your environmental impact, and engaging in open communication with all your staff, clients and shareholders.
▪️ Set clear ESG goals so you can measure your progress against the goals you’ve set, and report those results to your staff, clients and shareholders.

ESG is not just another fluffy, green-washed, over-used acronym. It’s an actionable framework to improve any cleaning and FM company for their employees, clients, stakeholders, the environment and their bottom line.