Alexander Knight and Co has reportedly become the first accounting firm in the UK to attain the prestigious ESGmark, which is said to “demonstrate its commitment to ESG principles”.
ESG stands for ‘Environmental, Social and Governance’ and it considers the sustainability and ethical impact of a company in relation to its employees, customers and community.
The award comes as Alexander Knight and Co reportedly undertook a rigorous process to evidence its working practices, as well as outlined a sustainable plan for the future. As a result, the firm has become the first accountancy practice in the UK to be accredited with the ESGmark.
Murray Patt, founder of Alexander Knight and Co, said: “Doing business in 2022 is about more than making a profit. Increasingly, our client base of entrepreneurs want their business to make a positive impact on the environment and society. Investors, too, now use ESG criteria to make decisions about which companies to back.
“We’re proud of this accreditation, we feel passionately about it and we are delighted to be part of the ESGmark community. Now, as responsible business advisors we also have a duty to guide our clients on making the right decisions today and in the future. That’s why we’re talking to our clients about ESG and outlining the huge benefits a proactive approach can bring.”
He added: “Consumers and clients are demanding change. We believe that company directors who make a conscious effort to implement best practice in terms of ESG will be winners. It is no coincidence that there is a strong correlation between ESG performance and financial performance.”
Julia Fawsley Grant, head of content and communication at ESGmark, said: “We were so impressed with Alexander Knight and Co’s clear commitment to Environmental, Social and Governance principles and we are delighted to welcome them to our community as the first accountants in the UK to attain the ESGmark.
“At ESGmark we believe that the reporting and transparency that form part of everyday business for accountants, will be key to implementing more stringent impact- and ESG-reporting for companies across all sectors in the long run. It’s wonderful to be part of Alexander Knight & Co’s journey as they lead the way.”
She added: “Business owners who start their own ESG journey will see positive benefits for their business, people and their local community for the long term. By committing to their own ESG principles business owners can all make a difference.”