Building Block for Sustainable Success: Environmental, Social and Governance Through Good Governance
- Vol.58(6), Jun
- Kolkata CMA Kaushik Banerjee 2023
- 77-81p.
Environmental, social, and governance (ESG) is parameters aiming at sustainability by focusing on how a business should perform their operations keeping mind the distress they cause to the community.The environmental criteria require to align the activities to the restore the environment, The social criteria aim to behave in a fashion to regulate agitation among society and maintain cordial connection with workers, consumers,and suppliers.The ‘G’ in ESG stands for governance and seeks the attention on regulating the acts by take notice of ethical practices, following rules, setup and maintain standards of moral and responsible leadership. The G parameter not only amounts to one-third of the ESG equation, but good governance also has wide influence on realizing the sustainability objective fruitfully. There is far-reaching impact of governance on the venture of the organization makes it so important gain awareness about the essence of ’G’ aspect. Read on to understand the sense significance and ways to carry off “good governance” aspect of ESG.