61% of Galicia’s GDP is ESG Screened

Inditex and 60 other Galician companies, whose turnover is equivalent to 61 percent of the Galician GDP, pass the ESG exam that Economía Digital Galicia convened for the third edition of the ‘Galician Atlas of the committed company’. The project director, Julian Rodriguez Moscoso, and his team pose a test to Galician companies with severe questionnaires.

For example, commitment to Galicia is one of the variables analyzed by the atlas. That is how Rodríguez Moscoso explained it in the latest podcast of Social Investor, the ESG portal of finanzas.com. The report analyzes the commitment of local companies to this autonomous community and to a joint solution to the problems of humanity.

“In Economía Digital Galicia we are committed to local information and to providing information value with the closest environment. Therefore, when measuring the commitment of companies, we also do it with what is closest to them. This is the core of the Galician Atlas of the Committed Company,” said Rodríguez Moscoso.

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The attention given to the Galician language

This commitment to the land can be seen through elements such as social action (“what used to be the old social work of the savings banks”), the use of local suppliers, and also in the attention given to the Galician dialect.

But this is not the only issue analyzed in the report, the results of which will be presented on February 24th in Santiago de Compostela.

Classic ESG variables

The document also addresses the corporate governance of companies, their environmental policy, and how companies relate to people, classic ESG variables.

There is also a fourth chapter called the environment. The issue of commitment to Galicia is evaluated within this area.

To produce the report, Economía Digital Galicia has tried to start from the messages that companies try to place about their sustainability policy to delve deeper into the subject.

“We have tried to analyze the CSR of companies, but not in a conventional way. Because (CSR) is almost a marketing tool for many companies. So we decided to turn it around. Instead of companies selling us and telling us about their CSR projects, we are going to ask them about CSR, but in the areas we want,” says Rodríguez Moscoso.

Gender parity beyond the board of directors

One example of the proactivity of this report is related to gender parity.

“We think it’s great that companies tell us about parity on boards of directors. But we are also interested in parity in the management committees, that is, in the second line,” says the head of Digital Economy Galicia.

The report Atlas Gallego de la Empresa Comprometida will be presented on February 24th in an event that will be attended by the economic vice president of the Xunta de Galicia, Francisco Conde; the president of the confederation of businessmen of Galicia, Juan Manuel Vieites; and the director of the report, the economist Marcelino Fernández Mallo.

It will be broadcast on streaming by Economía Digital Galicia and Youtube. It will reveal the companies that lead sustainability in Galicia.

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(Featured image by krystianwin via Pixabay)

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First published in Social Investor, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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