in a business context marked with Strong tendency towards comprehensive and proactive sustainability, governments and international organizations will begin to implement increasingly stringent regulations to promote sustainability. Companies that manage to adapt to changes, opportunity to stand out and proves its versatility. In this new panorama AENOR, Leading organization in building trust in Spain updated itself Good Corporate Governance Index certificationto adapt to new market needs in this field.
It was developed with the recommendations of reputable companies such as. Deloitte Legal, Ernst & Young Abogados, PwC Tax & Legal and Garrigues firmThis evolution is presented as a reference guide for companies committed to governance And comprehensive sustainability. Thanks to this joint cooperation, new offer It addresses current demands and anticipates future needs and aspirations of organizations regarding good governance. The new model, which focuses specifically on national reality, also Prioritizes managers’ expectations stakeholders With the participation of companies and all actors involved in the process. In this way, Companies show their good performance to its investors, customers, employees, proxy advisors, auditor, and the public at large.
“The main benefit of certification is to receive a rating from an independent third party of the degree of compliance with national and international recommendations and best practices in corporate governance. With this certificate, AENOR fulfills its purpose of building trust between organizations and individuals, serving organizations committed to good practices on issues important to society, and gaining 80% positive recognition among citizens.”.— Mayrata Conesa, ESG director at AENOR
Until now certificates were given highlights both listed and unlisted entitiesIt belongs to the finance, industry, infrastructure and service sectors. The recently renewed certification is designed to cover not only listed companies but also other companies with maturity in terms of corporate governance.
The new Good Corporate Governance Index certification model strengthens the principle of transparency and active participation of the board of directors and committees in their areas of authority
Mayrata Conesa emphasizes:“This certification supports the governance model of an organization and creates trust, which is the basis for talking about a sustainable company. Both the environmental and social strategy of the organization are created by the governing body. Likewise, it provides clarity and trust to all stakeholders of companies; but in a special way, to those who are less expert directed.”
Governance for sustainability and ESG commitment
when it comes real trends Mayrata Conesa, AENOR’s ESG director, says of good corporate governance: ““Everything related to sustainability and its necessary integration into the business strategy becomes of particular importance, as well as everything related to compliance risks, transparency and management of information that needs to be made available to interest groups.” .
The main goals of this new version include promoting committed companies Together comprehensive sustainability and I think this ESG aspects (environmental, social and governance). At this point, good corporate governance is an important factor in effectively integrating sustainability into business operations. strengthen sustainable value one of them in the long run.
The aim of the renewed certification solution is to create a positive impact in the business environment, as well as strengthen the reputation of companies and build one solid trust in them stakeholders. The 360° approach to sustainability not only focuses on highlighting existing excellence, but also sustainable and long-term growthby contributing significantly to general welfare of society.