ESG POLICY MAKING FOR MANAGERS & ENTREPRENEURS
LAREINS Von: Olubusayo AinaHaving a good “ESG” framework has become integral to every modern business organization. It is a matter of operational ethics; something, every forward-thinking management should never ignore.
It is good strategy!
Apart from the fact that your organization’s “ESG” framework provides an avenue for you to measure your business’ opportunities and risks, they are also indicators that gauge your organization’s performance from a non-financial perspective.
Some key criteria that define the longevity of every organization, are its corporate governance, ethical values, and sustainability drives. And a variable that closely knits all these three together is the “ESG” framework.
Defined as Environmental, social and governance, “ESG” is a policy structure that facilitates the implementation of company processes in a way that effectively manages all stakeholders – including inhouse employees; whilst also guaranteeing the organization’s sustainability drive through carbon neutrality.
It is imperative that your organization got it right with its “ESG” policies, as this will not only improve the confidence of investors and the general public, but will also save your organization from likely infractions and possible litigations.
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