Sharps Bedrooms takes a responsible approach to the integration of its environmental, social and corporate governance (ESG) considerations into its management processes and practices on the premise that these factors can have a significant impact upon financial and business performance.
Responsible business policies can be presented in many forms and at Sharps includes key statements on the website, a range of policy documents covering different areas of policy, both statutory and non-statutory.
Sharps commits itself to:-
The three main areas of focus for responsible investment and business behaviour relate to the environmental and social impact of any business’s activity, and the manner in which our business is managed. Together, these factors are known as Environmental, Social and Corporate Governance (‘ESG’). ESG processes and procedures focus on non-financial performance indicators that address a company’s approach towards responsible investment, sustainability, its impact on society and the environment, as well as other ethical and corporate governance considerations.
The depletion of natural resources and the threat of climate change have raised concerns about the environment and the potential financial impact on businesses. Sustainable options are increasingly being considered as part of investment choices. The issues are diverse but the main areas are:
Inclusion, diversity and equality are becoming more important considerations in relation to the way in which businesses operate and can generate competitive advantage; with these areas attracting increasing scrutiny from a range of stakeholders. In particular, there are increasing commercial benefits for businesses which have inclusive and diverse work ethics and practices; and we look at the impact a company has on its employees, local communities and society. The main areas of consideration are:
Corporate governance covers the rights and responsibilities of the management of a company – its structures, corporate values and accountability processes. This relates to the following areas: —
Sharps Core ESG principles are set out below and are regularly reviewed. Sharps seeks to: —
We have incorporated these principles into our business processes and practices.