SUSTAINABILITY & ESG
ENVIRONMENTAL , SOCIAL , CORPORATE GOVERNANCE
Kodrey Overseas Global, as a management consulting firm specializing in ESG (Environmental, Social, and Governance) factors, plays a crucial role in assessing and advising companies on their environmental, social, and governance impact.
ESG criteria are utilized by Kodrey Overseas Global to evaluate various aspects of a company's operations, policies, and practices to determine their sustainability performance.
WHAT IS ENVIRONMENTAL, SOCIAL, GOVERNANCE ESG ?
ESG criteria are utilized by Kodrey Overseas Global to evaluate various aspects of a company's operations, policies, and practices to determine their sustainability performance.
Environmental criteria consider how a company safeguards the environment, including corporate policies addressing climate change, for example. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. Here's a summary based on the points you provided:
Environmental: This aspect focuses on evaluating an organization's impact on the environment and its management of environmental risks.
Social: The social pillar assesses how an organization interacts with its stakeholders, including employees, communities, and supply chain partners.
Governance: Corporate governance examines how an organization is governed and managed.
THE EVOLUTION OF ESG
The evolution of ESG (Environmental, Social, and Governance) reflects a broader trend towards incorporating sustainability principles into business practices. Here's a breakdown of the progression from earlier frameworks to the comprehensive ESG framework:
EHS (Environment, Health, and Safety): This framework primarily focused on managing risks related to environmental impact, health, and safety within the organization's operations.
Corporate Sustainability: Corporate sustainability expanded the focus beyond EHS to include a broader set of environmental concerns, as well as social and economic considerations.
CSR (Corporate Social Responsibility): CSR emphasized the responsibility of companies to contribute positively to society beyond their core business activities.
ESG: reflects a growing recognition of the interconnectedness of environmental, social, and governance factors and their impact on business performance and sustainability. ESG frameworks provide a systematic approach for companies to assess and address these factors, driving positive outcomes for both business and society.
