The use of Environmental, Social and Governance (ESG) metrics by the financial sector is growing through ESG investing. To understand the growth, it is helpful to consider what motivates their use. ESG investing can be divided into two camps. There are those who view...
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As businesses become more complex, ESG considerations will become more important and the mitigation of risks such as child labor will become more difficult. However, by partnering with governments and local communities, engaging with stakeholder, and using technology to track and verify that their materials were not the product of child labor, businesses can begin to eradicate this scourge from their supply chains.
The UN Global Compact’s Guide to Corporate Sustainability is an excellent resource for understanding what it takes to run a sustainable business. It talks about operations, taking action, top-level commitment, corporate culture, and communications.
Understand your company’s impacts to the economy, the environment, and/or society. GRI (Global Reporting Initiative) standards.
Developing an ESG strategy starts with knowing which environmental, social and governance goals are critical to your business strategy and success.