Environmental, Social and Governance (ESG) is a set of standards measuring a business's environmental, social, and governance impact, evaluating transparency in leadership, executive pay, audits, controls, and shareholder rights.
It is believed that implementing ESG practices demonstrates a commitment to sustainable and responsible business conduct. As two-thirds of investors take ESG factors into account, integrating these principles not only helps manage risks but also positions the company for potential long-term growth.
Understanding and incorporating ESG strategies can play a role in achieving business success while simultaneously contributing to positive impacts on the environment and the community.
For further information, visit the following website: What is ESG? A guide for businesses - British Business Bank