Why Should Startups Care About ESG?
ESG provides a startup with a strategic advantage during the critical fundraising phase. ESG-focused startups contribute to a more sustainable world while also creating brand value from their use of responsible practices. Startups that prioritize ESG create a competitive edge that attracts investors and creates loyal customers. A robust ESG strategy is foundational for your business, both as a force for positive change in the world and a smart strategic decision.
The Benefits of ESG for Startups
Enhance your company’s brand reputation through your commitment to responsible growth
Increase job satisfaction and retention by aligning with your employees’ values
Drive investor value – and differentiation during fundraising – using ESG as a competitive advantage
Our Approach to ESG for Startups
ESG for Startups Client Testimonial
“The Third Partners team is remarkably agile, which was essential in an industry as rapidly evolving as ag-tech. All of the work that they do is tailored to fit the specific needs of a business – they don’t pour unnecessary labor into over-engineered solutions that might not make sense for smaller / faster-growing companies. And if the needs of the company change, the 3P team is committed to ensuring that the work they are doing with the company pivots in a way that makes sense and continues to add value to the business. The main reason that I would hire 3P again – regardless of industry – is that they really care. They truly know what they are doing, and that is essential – but what sets them apart for me is that it was so evident that they care both about the outcomes of their work for the good of the planet, and about the people and companies that they are working with.”
Hannah B.
Global CSR and Sustainability Specialist, Sensei Ag
ESG for Startups Client Testimonial
“The Third Partners team is remarkably agile, which was essential in an industry as rapidly evolving as ag-tech. All of the work that they do is tailored to fit the specific needs of a business – they don’t pour unnecessary labor into over-engineered solutions that might not make sense for smaller / faster-growing companies. And if the needs of the company change, the 3P team is committed to ensuring that the work they are doing with the company pivots in a way that makes sense and continues to add value to the business. The main reason that I would hire 3P again – regardless of industry – is that they really care. They truly know what they are doing, and that is essential – but what sets them apart for me is that it was so evident that they care both about the outcomes of their work for the good of the planet, and about the people and companies that they are working with.”
Hannah B.
Global CSR and Sustainability Specialist, Sensei Ag
ESG experts that have worked with the world’s biggest brands.
Spotify, Hyatt Hotels, and Morgan Stanley are just a few of the worldwide brands we have helped with our sustainability expertise. These CEOs, founders, and executives turn to us to answer the tough questions on culture, operations, and sustainable growth.
ESG experts that have worked with the world’s biggest brands.
Spotify, Hyatt Hotels, and Morgan Stanley are just a few of the worldwide brands we have helped with our sustainability expertise. These CEOs, founders, and executives turn to us to answer the tough questions on culture, operations, and sustainable growth.
ESG for Startups: Sensei Ag Case Study
Sensei Ag, an ag tech company co-founded by Oracle founder Larry Ellison, reached out to Third Partners as they sought to incorporate sustainability as a central tenet within their mission to improve human health and wellness. Third Partners first conducted a materiality assessment and a gap analysis to determine top priority sustainability challenges and opportunities. We then created a performance improvement roadmap and socialized the plan with all levels of management, including C-suite. Once the company was aligned behind the next steps, Third Partners helped Sensei Ag launch a new comprehensive sustainability program using a phased approach with clear KPIs, milestones and points of accountability. Third Partners also provided technical advisory to several newly formed cross-functional working groups, including detailed forward-looking greenhouse gas modeling, net-zero feasibility study, and growth-related scenario planning.
The company has since implemented most of the strategies developed in the action plan and is pursuing continuous improvement goals across environmental, philanthropic, cultural, and transparency initiatives.
