What is ESG in a nutshell

An item quickly rising high up on most business’ agenda, ESG stands for Environment, Social and Governance.

These three parameters are used to measure the sustainability and ethical impact of a business - and ultimately aimed at building a more viable future. But what is ESG?

Workplace ESG strategy

An ESG strategy is a company wide approach aimed at minimising negative environmental impact, while supporting positive social & societal change.

What are the key principles of ESG?

1. E for Environmental

This factor takes into account the carbon footprint of a business and the impact it has on the environment, from energy usage to waste produced and carbon emissions.

2. S for Social

The social element of ESG evaluates the internal and external relationships of a business, taking into account its employees, clients, community and industry. Fostering inclusion and diversity falls within this category.

3. Governance

Every company requires a governance structure. This is the system of processes and procedures it uses to provide its services and interact with its stakeholders.

What are the benefits of a solid ESG strategy? Read our article to find out.