What is ESG?

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ESG – is a corporate term that originated from the well-known slogan “PEOPLE, PLANET, PROFIT”, which has long been used as a way to embed the value of sustainable development. Therefore, ESG is a concept that allows a business to develop with due regards to governance , environmental and social issues. In recent years, ESG has become widely used as one of the effective corporate mechanisms for combating global warming.

It is important to note that ESG considers three factors (Environmental, Social, and Governance ) and numerous sub-factors within them, which may vary depending on the nature of the company or organization.

Key factors:

  1. ENVIRONMENTAL FACTORS
    • Greenhouse gas emissions (Scope 1, 2, 3)
    • Biodiversity
    • Energy consumption
    • Water consumption
    • Waste
    • Use of land and non-renewable resources
    • Soil, water, and air pollution
  2. SOCIAL FACTORS
    • Human rights
    • Employee satisfaction
    • Staff turnover
    • Occupational fatalities and injuries
    • Outreach to parties concerned outside of the company
    • Customer satisfaction
    • Personal data protection
    • Goods And Products Safety
  3. GOVERNANCE  FACTORS
    • Compliance
    • ESG Strategy and Business Ethics
    • Anti-corruption
    • Legal protection
    • Risk management
    • Corporate management, Governing bodies, Board of Directors and Management Boards, Committees