Inhalt
Reading sample
ESG POLICY MAKING FOR MANAGERS & ENTREPRENEURS
Olubusayo O. Aina Ph.D.
Included in this book, are:
- An introduction into “ESG” strategy.
2. Key variables that should make up your “ESG” strategy.
3. How to design “ESG” policies.
4. Renewable energies.
5. The Carbon problem.
6. Holding the Manufacturing companies accountable.
7. Holding the ‘renewables installation equipment’ producing companies to strict regulations.
8. Introducing “The carbon-repayment” cycle.
9. The Nature Conservation option.
INTRODUCTION:
Having 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.
Let’s now consider the key variables that make up your “ESG” framework.
· First, is - “Environmental”.
Every organization needs to be seen as a value-adding proposition to its environment, and not a disaster magnet. The impact of the operations of your organization on its surroundings can make or mare its public image.
Climate change is a growing concern worldwide. And it does help if your organization is seen to support the global cause, and not be in the opposition ranks.
Key environmental factors that should be addressed in your environmental policy framework, include:
1. Air pollution:
Are your business operations poisoning the atmosphere? If they are, it is imperative that you found better ways that would reduce your carbon flaring. This is particularly necessary if you’re in the oil and gas business.
2. Water Pollution:
What impact does your organization have on the seas and oceans? Are your business operations directly or indirectly a threat to aquatic life?
3. Energy:
A vivid question here is the quantity of energy your organization leverages on for operational performance. Is energy being efficiently used? Could you adopt more robust energy conservation measures without adversely affecting your deliverables?
4. Carbon Footprint:
This addresses the amount of greenhouse gases your organization constantly flares into the atmosphere. What efforts have your organization made towards carbon neutrality? Have your emissions reduced? Or are you yet to make any deliberate attempts at this global vision?
5. Deforestation:
Besides the danger deforestation poses for wildlife, the battle against climate change cannot be won solely with a reduction in carbon emissions alone. We also need the constant oxygen supplied by forests and vegetations.
This, then brings up some salient questions. Do your company’s operations adversely affect the forests? And if they do, what effort is your organization making to ensure that for every tree fell, a couple more are planted in its stead?
Impressum
Verlag: BookRix GmbH & Co. KG
Tag der Veröffentlichung: 07.07.2025
ISBN: 978-3-7554-8104-1
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