Basham Establishes Practice Group for Sustainability and Corporate Social Responsibility
Basham, Ringe y Correa, in response to growing demand from customers, has formed an ESG practice group in Mexico to address environmental, social, and governance concerns.
In the design of its clients’ business models, corporate reorganisations and operations, and in the decision-making process to gain resiliency and competitive advantage, those processes must include the correct implementation of sustainability strategies.
This is reflected in the growing trend among investors and consumers, in general, to consider ESG-oriented governance when making an investment or branding decision. Assess whether the company or brand is environmentally conscious, as well as how it treats its employees and vulnerable communities.
In other words, failure to consider ESG factors can result in non-financial liabilities, damaging a company's value as well as its market position and failing to meet the expectations of investors and consumers. Considering the above, the consequences of whether or not these concepts are properly understood and applied can be a determining factor in a company's success or failure.
The ESG aspects to be considered are complex and diverse, depending on the industry and the demands of each client.
The ESG Practice Group advises and assists the company's clients in identifying ESG factors relevant to their company and business to avoid potential risks and capitalise on ESG integration opportunities.
Basham is best positioned to assist its clients with ESG evaluation and integration since it can fully adapt and meet its clients' demands.
Its ESG team consists of a multidisciplinary group of experts in environmental, regulatory, human capital & employment, corporate, finance, and M&A matters who have a comprehensive understanding of the challenges and opportunities that a sustainability-related approach can present, as well as the needs of their clients, to be covered to correctly implement ESG factors in their business as per existing international standards.