ESG (Environmental, Social, Governance) and Its Role in Business Strategy
ESG stands for “Environmental, Social and Governance.” ESG can be described as a set of practices (policies, procedures, metrics, etc.) that organisations implement to limit negative impact or enhance positive impact on the environment, society, and governance bodies. In recent years, investors have become more aware of the importance of ESG criteria in their investment decisions. As a result, many businesses have begun to integrate ESG into their
operations and business strategies. ESG is important because socially conscious investors now use ESG criteria to screen potential investments.
ESG can be considered a subset of sustainability, which is defined by the UN World Commission on Environment and Development as ‘meeting the needs of present generations without compromising the ability of future generations to meet their own needs’.
Prepare a written report, which includes the following chapters:
1. Introduction: Where does ESG come from?
2. Why ESG Matters in Business Strategy?
3. How to implement an ESG strategy?
4. Sustainable Product Innovation: How Companies Develop Eco-Friendly Products (E in ESG)
5. Green Marketing Strategies: How Companies Leverage Sustainability (E in ESG)
6. Employee Well-Being and Mental Health in Business Strategy (S in ESG)
7. The Role of Stakeholder Engagement in ESG Strategy (S in ESG)
8. Risk Management and ESG Compliance in Corporate Strategy (G in ESG)
9. Conclusion.