Commentary
During the last couple of years, an increasing number of companies have subscribed to the environmental, social and governance (ESG) framework, promising to adhere to, and promote, the goals of corporate social responsibility and sustainable business strategies.
These ESG-oriented companies embrace non-financial accountability indicators to assess the implementation of systems and processes that manage their carbon footprint and treatment of employees, suppliers, and other stakeholders.
The ESG criteria include a commitment to lower “greenhouse gas emissions and CO2 footprint” to support “LGBTQ+ rights and … all forms of diversity.”
The success of the implementation of ESG depends on whether its criteria “encourage companies to drive real change for the common good, or merely check boxes and publish reports.”…