ESG

Environmental, social and governance (ESG) is a framework for sustainability management, ethical practices and conscious consumerism that is gaining widespread popularity in the business world. Socially conscious investors and other stakeholders, including employees, customers, regulators, suppliers and distributors, want to know about a company’s stance on socioeconomic factors, its sustainability efforts and its corporate governance processes. An ESG strategy is an organization-wide approach that adjusts a company’s environmental, social and governance practices to increase business sustainability.

Environmental

How an organization and it’s operation impacts the environment & steps taken to promote sustainable practices.

Social

The impact an organization has on people, including it’s staffs, customers and community as a whole.

Governance

How an organization is governed, including assessment, audit & reporting.

Advantages

Incorporating ESG into policies holds great upper hand for an organization. Today, for a business to expand to any EU countries, one of the pre-requisite is to have ESG policies incorporated into corporate strategy.

Following are some of the advantages :

  • Improved Brand Reputation
  • Attract Investors
  • Better Employee Retention
  • Regulatory Compliance
  • Increased Profitability
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