Creating ‘social impact’ is the number one ESG priority for South East businesses in 2023, according to accountancy and business advisory firm, BDO LLP.
More than a third of mid-market businesses in the region (37%) intend to increase the impact they have on society over the next 12 months, including donating more money to charity, giving staff time off for volunteering, and getting involved in projects that support local communities.
According to BDO’s bi-monthly Rethinking the Economy survey of 500 mid-market businesses, a third of those surveyed in the region ranked ‘reducing their environmental impact’ as their number one priority in 2023, with improving ethnic diversity at senior levels also making the top three.
However, the survey showed that 43% of South East businesses believe that their company is only partially engaged in addressing ‘sustainability’ at the present time – defined as actions that satisfy present requirements, without compromising the ability of future generations to meet their needs.
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