Nowadays, in the present business world, sustainability and ESG (Environmental, Social, and Governance) go together, but board members must know how to distinguish their relative roles. Sustainability emphasizes the long-term impact on the environment and society, whereas ESG refers to specific criteria governing how to conduct ethical business practices in different dimensions under environmental, social, and governance aspects. Understanding these differences would help governance leaders create responsible corporate strategies. Thus, by integrating sustainability into the holistic ESG framework, the board ensures that its organization strikes a balance between profit and social responsibility.

Why do certain investments and business perform better than others? The secret lies in ESG. Currently, this is then boiled down to the missing essential framework difference between one successful investment and another or between companies who often show up at the top of their industries, ESG. Winning ESG ideas are key to being competitive both for investors and companies today as they will be positioned with tomorrow's market view. What once was a simple after thought for many financial organizations, to report on ESG, can no longer be ignored since employees, regulators, and other stakeholders are paying attention. As such, moving from controlling things and applying resources towards taking more responsibility over the planet, it becomes imperative to shift the thrust of attention away from climate change toward charge of the Earth. In this new era, companies will require their resources to power positive climate action towards building a sustainable, resilient future.

Do read to know more about them and share us your valuable feedback!