Within the ESG (Environment, Social and Governance) framework, governance plays a crucial role for small and medium-sized enterprises (SMEs) in Europe. Strong governance not only improves reputation and stakeholder trust, but also strengthens the long-term resilience and performance of the business.
Here are some examples of good governance practices that can improve the ESG rating of SMEs:
– Establish a diverse and independent board of directors, with complementary skills
– Establish clear policies to prevent corruption and internal fraud
– Ensure transparency and regular communication with stakeholders
– Integrate ESG criteria into the company’s strategy and decision-making
– Implement robust risk management and compliance systems
By adopting these good governance practices, European SMEs can not only strengthen their resilience in the face of economic and regulatory challenges, but also attract investors and customers who are increasingly concerned about ESG criteria.
At Eterra Partners, we specialize in supporting SMEs to improve their governance and ESG performance. Our experts will help you implement tailor-made strategies to strengthen your resilience, reputation and attractiveness to stakeholders.
Contact us now to find out how we can help you make governance a key asset of your ESG strategy.
