The triple bottom line reigns over the kingdom of business: Environmental health, Social welfare, and sound Governance serve as the three pillars holding up the empire.
The kingdom’s wealth depends on maintaining harmony between the natural world and industrial progress.
What is ESG?
ESG stands for Environmental, Social, and Governance.
It is a framework used to evaluate the sustainability and societal impact of companies and investments.
Environmental factors refer to a company’s impact on the natural environment, including issues such as climate change, carbon emissions, resource depletion, waste management, and biodiversity.
Social factors refer to a company’s impact on society, including issues such as labor practices, human rights, diversity and inclusion, community engagement, and product safety.
Governance factors refer to a company’s internal management and decision-making processes, including issues such as board composition, executive compensation, audit and risk management, and shareholder rights.
ESG criteria are used by investors and other stakeholders to evaluate the sustainability and societal impact of companies and investments.
Companies that score well on ESG criteria may be viewed as being more sustainable, responsible, and forward-thinking, and may be more attractive to investors who prioritize long-term value creation and social impact.
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