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Exploring Environmental Social Governance

While not a new concept or strategy, Environmental Social Governance programs are on the rise. Over the last couple of years, as natural disasters continued to pick up in intensity and COVID-19 brought rising income and healthcare inequalities to center stage, Corporations have increasingly been pouring more focus on their own ESG measurements and practices in conjunction with their Corporate Social Responsibility efforts. ESG isn’t just for companies that produce products that contribute to environmental concerns like plastics companies or oil and gas, and it’s not just for industries that tend to be more under the public eye as a consumer-driven and b2b organization. ESG can be for everyone, no matter how small or large your workforce or what industry your company falls into.

The following guide is meant to be a starting place for learning a brief history of ESG and how the concept has evolved, components of ESG, different measurement & management practices and external resources (both free and paid) that you can access to learn more.

Excerpt - Picking Apart the Pieces

While the following is by no means a comprehensive list, it is a good place to start as you develop your ESG initiatives. ESG programs are going to look different for every company and might even look different within your own company based on your geographic footprint. 

ESg_puzzle
Social Environmental Governance
  • Diversity and Inclusion programs
  • Benefits packages for employees. For parental benefits, how do you provide for same-sex couples or individuals and how do you provide for employees pursuing adoption?
  • Equity across all gender identities, race, and age.
  • CSR programs- both employee engagement and more corporate-driven giving programs
  • Customer Satisfaction
  • Product responsibility & safety
  • Accessibility of products and services
  • Human Rights – pay and working conditions
  • Learning and Development
  • Supply Chain of products and materials
  • Waste management
  • Water usage
  • Pollution
  • Energy consumption for your buildings
  • Packaging
  • Carbon emissions (Have you considered factoring in employee commute time or company travel into the total emissions you offset?)
  • Incorporating renewable energy
  • Electronic recycling programs
  • Public transportation incentives
  • Board Diversity across age, gender, and race
  • Executive Leadership Diversity
  • Transparent accounting
  • Executive & Board compensation
  • Lobbying activities
  • Political donations
  • Compliance with local and federal regulations
  • Risk Management
  • Cybersecurity
  • Consumer privacy
  • Shareholder engagement

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