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WHAT WHY HOW ESG:
ENVIRONMENTAL, SOCIAL & GOVERNANCE, Izzah Mohammed …
WHAT WHY HOW ESG:
ENVIRONMENTAL, SOCIAL & GOVERNANCE
Why is ESG matter:
- ESG help businesses attract investors, build customer loyalty, improve financial performance, make operations sustainable & gain a competitive edge.
- ESG functions as a valuable technique that takes into account environmental, social & governance issues.
- ESG in the private sector is a set of criteria used to evaluate company's risks & practices.
ENVIRONMENTAL (E):
- Waste & pollution
- Climate change strategy
- Environmental management system
- Biodiversity
- Water & energy efficiency
- Carbon intensity
SOCIAL (S):
- Equal opportunities
- Freedom of associations
- Health & safety
- Working relation
- Human rights
GOVERNANCE (G):
- Business ethics
- board diversity & structure
- Compliance
- Policies & procedures
Terms & Definition:
What is CSR?
- Corporate Social Responsibility (CSR) is a voluntary commitment that companies undertake towards the public & society.
- Contribute to company brand image
- Eg: Donating & sponsoring events
What is ESG?
- Environmental, Social & Governance (ESG) is an investment indicator for investors to check whether a company can operate in the long term.
- A framework the helps stakeholders understand how an Organization manage risks & opportunities around sustainability.
- Eg: Renewable energy, Policies & ISO standard
What is SDG?
- The Sustainable Development Goals (SDG) are the 17 core sustainable development goals established by the United Nations.
- Global Goals as a universal call to action to end poverty, protect the planet, and ensure by 2030 all people enjoy peace and prosperity.
- Eg: Quantitative measure of the goals
How to improve ESG?
-
UN Global Compact (UNGC)
- UNGC requires to commit to a set of ten universal principles concerning human rights, labor, environment & anti-corruption.
- To help businesses adopt sustainable and socially responsible policies.
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