Coinciding terms include sustainability and corporate responsibilities, the first referring to how efficiently an organization uses natural resources and reduces its carbon footprint, while the second speaks to the organizations “doing what’s right”.
Sustainability impacts others through community involvement, ethical business practices, and a commitment to the greater good over a commitment to pure profit. ESG takes this a step further and brings in stakeholder concerns to create sustainable development goals that impact the local community and the world at large through positively impacting initiatives.
The E in ESG stands for environmental, or the company’s impact on the world through activities and sustainability concerns like:
The S in ESG stands for social, or how the company treats people and operations as members of communities and supply chains. This includes:
The G in ESG stands for governance, or how well a company is managed and how well it abides by ethical practices at every level. This includes:
Since ESG has evolved from a simple public relations reporting initiative to a greater, investor-driven reporting requirement, many companies are finding ways to integrate ESG risk management into their business model, US Cloud among them. Since people, the planet, and profits are all interconnected, why not run our business responsibly?
Our goals align with what is best for the customer, our employees, and the world at large. Our efforts to increase sustainability create flexibility within the company while laying the foundation of future organizational changes in the future. Enough companies doing their part to increase sustainability will have an impact across the world, so we are just acting as one of many steps in the right direction.