The golden thread running through sustainability
Sound corporate governance underpins the policies and measures to address environmental and social challenges.
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ENVIRONMENTAL, social and governance (ESG) issues have become mainstream considerations for businesses today. With much of the attention paid to the environmental aspects (such as climate change and pollution) and increasingly the social aspects (such as workplace health and safety), it may appear to the casual observer that the governance aspects (such as board structure and accountability) are neglected.
That would be a mistake.
It is said that the term "ESG" was first coined in a landmark study Who Cares Wins published in 2004, a project initiated by the then United Nations (UN) Secretary General Kofi Annan and facilitated by the UN Global Compact. The initiative brought together global financial institutions to develop guidelines on ESG issues, connecting the financial markets to a changing world.
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