In our changing world, environmental, social, and governance (ESG) management and investing are becoming increasingly important to both businesses and individuals within them. Investors are also beginning to consider how companies are integrating ESG into their strategies and operations. If incorporated properly, this means that ESG practices can be a value creation lever for your company.
In a recent CoLab Connect event, we chatted with Chase Wisnowski, vice president at Malk Partners, and Kelsey Jarrett, engagement manager at Malk Partners, about the growing importance of ESG in any business, and how it can elevate your company.
So… what is ESG?
“ESG stands for environmental, social, and governance factors that are directly related to a company’s internal operations,” explains Chase. He adds that ESG can include things like evaluating diversity, equity and inclusion in your company, your employee engagement, the actual environmental footprint of your operations, as well as how you’re structuring your compliance program or business ethics program to align with best practices and mitigate the risks that your business faces, given the impact of your business operations.
Social responsibility, or the idea that a company should play a positive role in its community, is tightly woven together with ESG practices and can have a considerable impact on how your business is perceived and embraced. For example, “maybe [a company] is creating plant-based meats that are way less energy-intensive and better to the environment relative to traditional burgers,” says Chase, adding that this could have a (Read more...)