How to do business ethically?

ESG stands for Environmental, Social, and Governance, representing a stakeholder-centric approach to doing business.

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Companies that adhere to ESG standards agree to conduct themselves ethically in those 3 areas, and can draw on a range of strategies, tactics, and ESG solutions.

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An ESG framework guides the direction of ESG reporting, while ESG standards dictate how information and data are collected, ensuring comparable, consistent, and reliable disclosure.

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ESG criteria measure the ethical impact and overall sustainability of an organization, benefiting society and diverse stakeholders.

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Environmental factors refer to an organization's environmental impact and risk management practices. For example, we could consider a company's role in:
🌱 Air pollution
🌱 Deforestation
🌱 Climate change
🌱 Energy efficiency
🌱 Waste management
🌱 Greenhouse gas emissions
🌱 Carbon emission reduction
🌱 Biodiversity protection and loss
🌱 Water pollution and water scarcity

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The social pillar is linked to relationships with stakeholders. Examples would be:
👉 Mental health
👉 Human Rights
👉 Labor Standards
👉 Community relations
👉 Customer satisfaction
👉 Employee engagement
👉 Data protection and privacy
👉 Gender and diversity inclusion

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In turn, corporate governance refers to how an organization is led and managed.
📖 Board composition
📖 Company leadership
📖 Bribery and corruption
📖 Whistleblower schemes
📖 Audit committee structure
📖 Venture partner compensation
📖 Political contributions and lobbying
📖 Executive compensation guidelines
📖 Hiring and onboarding best practices

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Compliance with ESG standards benefit society and stakeholders, while helping your organization managing risks and opportunities created by ever-changing conditions.
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