28/11/2023 our International Meeting took place in Sucha Beskidzka Poland 🇪🇺🇵🇱 We discussed outcomes of the project, summarised our work, planned December tasks of recruitment and workshops in January.
We planned the implementation of our scenarios as a pilot of our project and discussed the trends of ESG and Sustainability as part of new trends and regulations on EU market.
Representatives of WSTiE Sucha Beskidzka 🇵🇱 Green Industry Foundation 🇵🇱 EDU SMART TC LIMITED 🇮🇪 EcoCycles 🇭🇺 focused on importance of ESG principles and sustainable development for several reasons:
✅ Stakeholder Expectations:
Stakeholders, including investors, customers, employees, and communities, increasingly expect businesses to prioritize sustainability and responsible practices. By understanding ESG principles, managers can meet these expectations and maintain positive relationships with stakeholders, enhancing the reputation and credibility of their organisation.
✅ Risk Management:
ESG factors can significantly impact a company’s risk profile. Managers need to be aware of environmental and social risks, such as climate change, resource scarcity, and human rights issues. Understanding and proactively managing these risks can help safeguard the long-term viability and resilience of their organisations.
✅ Cost Savings and Efficiency:
Sustainable practices can lead to cost savings and operational efficiencies. By understanding sustainable development, managers can identify opportunities to drive efficiency, reduce waste, and optimise resource usage, which can lower expenses and improve the bottom line.
✅ Innovation and Competitive Advantage:
Embracing sustainable development can foster innovation and give companies a competitive edge. Managers who understand ESG principles can identify market trends, anticipate regulatory changes, and develop new products and services that align with sustainability goals. This proactive approach can help organisations stay ahead and attract environmentally and socially conscious customers.
✅ Long-Term Value Creation:
ESG considerations are closely linked to long-term value creation. By integrating sustainable practices into business strategies, managers can create value for shareholders while also contributing to societal and environmental well-being. Investors increasingly evaluate companies based on their ESG performance, and managers who prioritise sustainable development can enhance the financial performance and longevity of their organisations.
✅ Legal and Regulatory Compliance:
ESG factors are becoming more regulated, with governments implementing stricter environmental and social standards. Managers need to stay informed about relevant laws and regulations to ensure compliance and avoid potential legal risks. Understanding ESG principles can help managers navigate the evolving regulatory landscape and avoid reputational damage or legal penalties.
Our pilot workshops will equip managers in need knowledge and will help to understand ESG principles and sustainable development.
Alignment with stakeholder expectations, mitigate risks, drive cost savings, foster innovation, create long-term value, and ensure legal compliance are key values for any serious business. By incorporating these considerations into decision-making processes with the organisation, managers can lead their enterprises toward a more sustainable and responsible future based on EU goals.
EDU SMART TRAINING CENTRE LIMITED 
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