Environmental, Social, and Governance (ESG) is a framework used to assess an organization’s business practices and performance on various sustainability and ethical issues.
In this video, Patrick explains why companies fear ESG ratings, the history behind the ESG system, and the institutions pushing it.
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Adopting ESG principles means that corporate strategy focuses on the three pillars of the environment, social, and governance, including taking measures to lower pollution, CO2 output, and reduce waste. It also means having a diverse and inclusive workforce, at the entry level and all the way up to the board of directors.
Some investors use ESG criteria to evaluate companies and help determine their investment plans, a practice known as ESG investing.
ESG has become increasingly important in the investment market due to the combination of fiduciary duty and a wide recognition of the necessity of the sustainability of investments in the long term.
ESG is a collective term for a business’s impact on the environment and society as well as how robust and transparent its governance is in terms of company leadership, executive pay, audits, internal controls, and shareholder rights.
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