Environmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-run a business is.
By looking at your business through an ESG lens, you may be able to predict how sustainable it is in the long run.
In this article, we’ll discuss how to assess your business’s environmental footprint, social impact and governance principles, and explain why running a forward-thinking business is so important.
How sustainable is your business?
The three core pillars of ESG are:
• Environmental — how does your business minimise its impact on the environment?
• Social — how does your business affect your employees and society as a whole?
• Governance — how good are your business’s governance and risk management strategies?
Together, these three factors can tell you, your customers and potential investors how prepared your business is for the future.
The views expressed in this article are the personal views of the Author and other professionals may express different views. They may not be the views of Lambert Chapman LLP. The material in the article cannot and should not be considered as exhaustive. Professional advice should be sought in connection with any of the issues contained in the article and the implementation of any actions.