The principles underlying the Environmental, Social, and Governance (ESG) evaluation criteria have become a part of the zeitgeist of the current business era. The elements of ESG are viewed as key drivers of sustainability, inextricably intertwined with a company’s economic viability, social and societal impact, financial and reputational risk management.
The environmental and social elements of ESG are integrated into many companies’ Corporate Social Responsibility (CSR) and Health, Safety, and Environment (HSE) programmes, where they find a natural fit. The governance element, however, does not always receive the attention it deserves, particularly when governance requirements are not rule-based.
