ESG Positive Impact
This award is intended to recognise initiatives or innovation implemented by private companies to contribute to their environmental, social, and governance (ESG) principles, creating meaningful and measurable positive change in their communities and beyond. Applicants under this category can consider:
- Efforts of innovative and creative sustainable business models.
- Efforts to inspire other companies with sustainable development models.
- Efforts to sustainably grow the company keeping the ESG principles in mind.
- Efforts to stay sustainable, despite limited resources.
- Efforts of inclusive and fair policies, ensuring the health and well-being of their employees. This also includes the upskilling of the workforce ensuring the continuous development of the employees.
- Efforts to build sustainable communities through the output of the company’s services and products.
- Efforts to significantly decrease the company’s carbon footprint by financially investing in green initiatives.
- Any other efforts of businesses that have embedded sustainability into their core operations and strategies.
Specific Eligibility Criteria
This award will apply specifically to stakeholders that are:
- A locally registered private company
The submission may comprise of a single project/initiative or multiple projects/initiatives carried out by the applicant within the eligible time period (2024-2026).
Prizes
Those placing first will be awarded a trophy, while second and third place will be awarded a commemorative token.
EVALUATION Criteria
1. Impact (60%):
Successful impact includes measurable results in shifting people’s behaviours and public perceptions and/or influencing public policies and/or budgetary allocations towards the acceleration of the United Nations’ (UN) Sustainable Development Goals (SDGs) and Malta’s Sustainable Development Strategic Goals. Successful impact also indicates remarkable improvements in social, economic and environmental conditions including gender equality, health, capacity development, inclusion, economic stability, food security, climate adaptation and/or mitigation, environmental protection, and/or peace.
2. Novelty/Innovation of the approach (10%):
How innovative is this project/initiative? How does the project/initiative build upon a breakthrough idea?
3. Scalability/Replicaility (15%):
How does this project/initiative have the potential to be scaled up and/or be replicated in other contexts to accelerate the achievement of United Nations’ (UN) Sustainable Development Goals (SDGs) and Malta’s Sustainable Development Strategic Goals? Has it already been scaled up and/or replicated?
4. ESG Platform (5%):
Consideration will be given to those companies registered on the ESG Platform at the time the award is given.
5. Public vote (10%):
Each shortlisted nomination will be put on social media and the public will vote on the award they believe deserves to win.
