This blog looks into the meaning of Environmental, Social and Governance (ESG) and the reasons why senior management are investigating the part that Quality, Health, Safety & Environmental (QHSE) can play in its implementation, co-ordination and management of its core principles.
For most businesses, securing investment when you need it can be a crucial factor in maintaining growth and improving operations, not to mention boosting your overall profitability.
The concept of ESG analysis has evolved over the years and it is not just a case of evaluating the products and services but also its behaviour, conduct, supply chain and other influencing factors. The investment bodies are analysing companies’ ESG performance in increasing detail, particularly in relation to their long-term sustainability as key indicators of future success.
There is also pressure being applied by employees, customers and other stakeholders whose stance on climate change and social justice has become more explicit. This is now resulting in the expectation of more transparency regarding operational strategies and financial reporting.