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Skills 360 – What is ESG: Environmental, Social and Governance
Feb 18, 2024
In this episode, the guest discusses the importance of ESG (Environmental, Social, and Governance) commitments in business. They break down the E, S, and G components, highlighting how companies are reaping rewards by focusing on non-financial impacts. The episode emphasizes the significance of showcasing commitment to ESG standards through reporting and ratings.
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Quick takeaways
- ESG focuses on environmental impacts like greenhouse gas emissions, social aspects including stakeholder relationships, and governance emphasizing ethics and transparency.
- Investors demand ESG disclosure, companies embracing ESG outperform others, with benefits including operational efficiency, innovation, and talent attraction.
Deep dives
What ESG is all about
ESG stands for Environmental, Social, and Governance. E refers to a company's impacts on the environment, including greenhouse gas emissions and natural resource conservation. S focuses on the company's relationships with stakeholders, both internal and external, including employees and the community. G emphasizes ethical leadership, board oversight, equity, and transparency.
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