Blog
How do purpose and ESG interrelate?
Tuesday 15th February 2022
McKinsey's @RobinNuttall suggests that it is best to consider this as a 2X2 matrix with one axis being your ESG performance and the other being your purpose score based on your predetermined view of your direction.
In myConsole we provide a which has a customisable set of criteria, each with a set of weighted options. Once you have developed your purpose on the platform, you now have created your pre-set purpose as a direction.
Additionally, in myConsole we provide a purpose score, so users can then use the purpose score assessment tool to check the alignment of each project, goal, commitment, or programme that they want to pursue. It is a simple task for an ESG internal team to assess whether a new project aligns with the organization's original purpose and vision. This helps the board make sure that their ESG commitments deliver on the goals of their set purpose and also means the board maintains powerful governance control and oversight as they can monitor every project or goal purpose score in real time.