ESG: Definition
ESG, which stands for “environmental, social, and governance”, represents a stakeholder-focused approach to business. It operates on the principle that sustainability encompasses more than just environmental considerations. As ESG gains prominence among directors, it’s vital to consider the unique global factors that influence regional priorities. Companies adhering to ESG standards commit to ethical conduct in these three areas and can leverage a variety of strategies, tactics, and ESG solutions.
Related Terms
ESG Reporting
An ESG report is a document released by a company detailing its impact on environmental, social, and governance…
Sustainable Procurement
Sustainable procurement involves the integration of Corporate Social Responsibility (CSR) principles into a company's procurement processes and decisions…
Environmental claim
Environmental claims, also known as "green claims," are statements made by companies regarding the environmentally beneficial attributes or…
Double materiality
The concept of double materiality pertains to how information disclosed by a company can hold significance on two…