It has found its way into boardroom discussions, corporate governance reports, webinars, press releases, blogs, newspapers, and even government policies. The concept of "ESG" might seem intriguing, yet for many, it remains unfamiliar, overlooked, or simply not a matter of concern. I believe it's high time we demystify ESG, presenting it in a straightforward manner and illustrating its relevance in our everyday lives.
What the term ESG stand for?
Term "ESG" is simply a combination of 3 words - Environment + Social + Governance
The three components in the term ESG inherently suggest a connection to aspects such as nature, climate, human behavior, society, equality, growth, socialism, development, industry, and innovation etc.
Environment is related to Nature: emphasis on conservation of natural world, eco-system
Social is related to People: emphasis on human life well-being & connection
Governance is related to Process: emphasis on equal& ethical development support
• Air, Water, Energy, Natural Resources, Soil, Natural Eco-System, Biodiversity, etc.
• Peace, Socialism, Equality, Family, Love, Care, Human Life, Zero Poverty, People, etc.
• Innovation, Growth, Development, Partnerships, Legality, Fair Practices, Justice,
ESG is Connected to Every Individual Life
ESG has impacted all of us in some way, making it crucial for us to comprehend how it intersects with each of our lives.
This story is from the September 2023 edition of Business Strategy e Magazine.
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This story is from the September 2023 edition of Business Strategy e Magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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