We write about how subsidies support the implementation of ESG measures in companies

Sectors of industry face different ESG challenges. The grants provide critical financial support to help companies develop, scale and sustain ESG initiatives. They reduce the financial burden of ESG transformation, making it easier for companies of all sizes to adopt responsible practices.

Examples of ESG activities in companies

At large multinational companies, the management of environmental and social issues is at a very high level. A number of them have incorporated ESG issues into their policy framework and practices, many of which are set at the corporate level.

The companies have specialist staff in a range of areas including environment, health and safety, road safety, human resource management and supply chain management. Companies are usually certified by management systems ISO 9001 (quality), 14001 (environment), 45001 (safety and health protection at work) as well as relevant industry certificates.

For the company’s supply chains, ESG evaluates its suppliers. When it comes to working conditions, companies are adapting human rights policies related to a range of topics, including non-discrimination, equal opportunities, sexual harassment in the workplace and overtime.

In terms of resource use and pollution, industrial enterprises install waste water treatment facilities, emission-free boilers, PET waste recycling, etc.

A number of subsidy programs aim to support the implementation of ESG measures.

Environmental (E) initiatives

Sustainable and green projects: grants support companies to invest in energy-efficient technologies, develop sustainable products or reduce their environmental footprint through waste management and resource efficiency.

Research and Development (R&D): subsidies for the development of innovative technologies or processes that reduce environmental impacts, such as alternative energy sources or green packaging solutions.

Certification: subsidies help companies cover the costs of audits, certificates or technology testing.

Social (S) initiatives

Diversity and inclusion: grants for diversity, equity and inclusion programs within companies, such as training programs, mentoring initiatives or recruitment efforts targeting underrepresented groups.

Work flexibility: programs aimed at employee development, including work-life balance.

Governance (G) initiative

Improving corporate governance: Some grants may be used to support companies in improving their governance structures, including board diversity, transparency and shareholder engagement practices. This may include external consultations, audits or development programmes.