If your company is getting on board with ESG, consider a strategy that also focuses on improving business and looks beyond the mere gathering of regulatory metric data and results reporting.
It may seem like a relatively new set of business principles, but environmental, social and governance (ESG) thinking traces back to the early 2000s when a first wave of sustainability emerged.
Back then, minimizing your negative impact on the planet earned good public relations without having to do much, since at the time nothing needed to be proven. A company could make claims and cite sustainability results without much scrutiny.
ESG Emerges from Sustainability
But without legislation or a real push behind the effort, momentum was lost for a while. The public wasn’t ready at that point to seriously look at investing in companies that were sustainable since most of the products they sold were significantly more expensive. However, … Read more...