IWA 48:2024- Framework for implementing environmental, social and governance (ESG) principles

ISO’s ESG Implementation Principles (IWA 48) is a high-level structure and set of principles designed to guide organizations in implementing and embedding Environmental, Social, and Governance (ESG) practices within their organizational culture.

Why are the ISO ESG Implementation Principles important?

These principles serve as a universal language for ESG practices, establishing an international reference model that ensures global interoperability and reliability in ESG reporting and practices. This standardized guidance is key to fostering a lasting culture of ESG within organizations and businesses worldwide. The ISO ESG Implementation Principles not only helps individual organizations improve their ESG performance but also accelerates the global adoption of sustainable business practices, contributing to a more resilient and responsible business ecosystem worldwide.

Benefits

•  Gain a competitive edge: By implementing robust ESG practices, organizations can attract socially conscious customers and investors, potentially opening up new markets and funding opportunities
•  Enhance reputation and trust: Improved ESG performance leads to greater transparency and stakeholder trust, bolstering an organization’s reputation in the market and community
•  Mitigate risks: A comprehensive approach to ESG helps organizations identify and address potential environmental, social, and governance risks before they become costly issues
•  Contribute to global sustainability: By aligning with global sustainability goals, organizations can play a meaningful role in addressing pressing global challenges, from climate change to social inequality

Who are they for?

ISO’s ESG Implementation Principles are designed for use by organizations of all sizes and sectors worldwide. They are particularly beneficial for:

• Small and Medium-sized Enterprises (SMEs)
• Organizations in developing countries
• Top-level decision-makers in any organization looking to embed ESG practices

What areas does IWA 48 cover?

This guidance helps identify existing high-level requirements that cover all elements of ‘E’, ‘S’ and ‘G’ in a holistic way to provide integrated solutions, including requirements that specify measurable key performance indicators to support the assessment of maturity levels within the organisation. 

The document encompasses a holistic perspective on ESG, incorporating not only climate action and conformity, but also essential principles of social inclusion and sound governance.

Get Involved

If you’re interested in learning more about ESG or would like to collaborate with us, please contact us at on info@csrlesotho.org.