How you set up your framework depends broadly on:
- your corporate objectives;
- your operations;
- your level of control; and
- how much time you and your team have put into thinking about ESG and
- how ESG relates to your business.
This summary forms part of our overall Sustainable Future Goals work at Balderton.
If you are considering building your own ESG framework, it can be quite daunting to think about where to begin. However, we believe an actionable and pragmatic framework can be created, even if you're not a large company with a team dedicated to ESG topics.
Below are the seven steps we took, at a very high level, to building our framework. The steps are, of course, very generalised. But we hope they could be used as a starting point both for company founders and other venture capital firms who want to set up a plan that respects real world time and resource constraints.