Dimensions of Strategy
  • Home
  • Artificial Intelligence
  • Digital Disruption
  • Digital Accommodation
  • The Master Class
  • The Case Studies
  • Empires of the Cloud
  • Letters to a Friend on Social Media ...
  • The Tool Box
  • Five Dimensions
  • CRIMSON Clouds
  • Market Mapping
  • CBS News
  • PESTEL framework
  • Kaizen and KSFs
  • Business Modelling
  • 7 Ss Framework
  • Crisis Management
  • Secrets of a great presentation
  • Business Planning
  • Fishing in a Pond?
  • About
  • The Apple Case Study
  • The Lego Case Study
  • The Yahoo Case Study
  • The Twitter Case Study
Picture

ESG is important ...

8/10/2021

0 Comments

 
Digital Accommodation, ESG
What Are Environmental, Social, and Governance (ESG) Criteria?
Environmental, Social, and Governance (ESG) criteria are a set of standards for a company’s operations. They set a performance benchmark, which may be used as selective investment criteria.

Environmental criteria consider how a company performs as a “steward of nature”. Awareness of and engagement with government targets for containing climate change should feature.

Social criteria examine how it manages relationships with all stakeholders including employees, suppliers, customers and the communities in which it operates. Diversity and inclusion feature in the task list.

Governance deals with a company’s corporate governance standards, including leadership, executive pay, audits, internal controls, transparency, visibility and communication with all stakeholders.

Environmental criteria may include a company’s energy use, waste, pollution, natural resource conservation and treatment of animals. The criteria can also be used in evaluating any environmental risks a company might face and how the company is managing those risks.

Social criteria examine the company’s business relationships. Does it work with suppliers  holding the same standards and values? Does the company donate a percentage of profits to the local community. Does the company encourage employees to perform volunteer work? Do the company’s working conditions show high regard for its employees’ health and safety? Are other stakeholders’ interests taken into account? A commitment to fair pay essential across the company and supplier network.


Governance, investors want to know that a company uses accurate and transparent accounting methods and that shareholders are given an opportunity to vote on important issues. They may also want assurances that companies avoid conflicts of interest in their choice of board members. They don't use political contributions to obtain unduly favourable treatment and don't engage in illegal practices. The "Seven Principles of Public Life", honesty, integrity, accountability, leadership, openness, selflessness and objectivity should also apply to those seeking to deliver good corporate governance.

#DigitalDisruption #DigitalAcceleration #DigitalAccommodation #DimensionsofStrategy #TheSaturdayEconomist #JohnAshcroft #ESG

Sources Used in this article
Corporate Finance Institute : What is ESG?
https://corporatefinanceinstitute.com/resources/knowledge/other/esg-environmental-social-governance/
Investopedia : What Are ESG Criteria?
https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp
UK government : The Seven Principles of Public Life
https://www.gov.uk/government/publications/the-7-principles-of-public-life

0 Comments



Leave a Reply.

    John Ashcroft

    Masters of Strategy on
    Digital Accommodation
    From the Dimensions of Strategy Team ...

    Archives

    May 2023
    December 2021
    August 2021

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • Artificial Intelligence
  • Digital Disruption
  • Digital Accommodation
  • The Master Class
  • The Case Studies
  • Empires of the Cloud
  • Letters to a Friend on Social Media ...
  • The Tool Box
  • Five Dimensions
  • CRIMSON Clouds
  • Market Mapping
  • CBS News
  • PESTEL framework
  • Kaizen and KSFs
  • Business Modelling
  • 7 Ss Framework
  • Crisis Management
  • Secrets of a great presentation
  • Business Planning
  • Fishing in a Pond?
  • About
  • The Apple Case Study
  • The Lego Case Study
  • The Yahoo Case Study
  • The Twitter Case Study