October 19, 2023 | less than a minute read

How ESG is helping Canadian small businesses grow

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David Muil

Global Vice President Business Development, Business Assurance

Get in touch

David Muil

Global Vice President Business Development, Business Assurance

This article looks at the substantial role Environmental, Social, and Governance (ESG) principles play in fostering the growth of Canadian businesses. By intertwining sustainability and ethical practices with economic strategies, ESG not only garners a respectable image among consumers and stakeholders but also safeguards long-term viability by mitigating future risks related to social and environmental changes. The insightful piece demonstrates how the incorporation of ESG factors isn’t merely a moral choice but a strategically sound investment into the future resilience and profitability of businesses, shaping a sustainable blueprint for generations of enterprises to come.

“ESG has become part of the procurement process of these large corporations,” said Palaguine, the chief executive of Nations Translation Group LP, an Ottawa-based, Indigenous-owned language services company. “You will have an edge and a bigger opportunity (if you have ESG programs). The fact that you don’t have it, even if you have a good product or service, you might actually lose out to someone else.”