Sustainable Development
Development that meets the need of the present without compromising the need of future generations to meet their own needs. Sustainable development can be defined as an approach to the economic development of a country without compromising the environment quality for future generations.
We are crossing through a time where GreenWash is at its saturation point and now authentic data transparency is the key. Funding institutes, Impact investors, and even shareholders are now more focused on the company’s Environmental, social, and governance (ESG) metrics ever than before.
Volunteer and regular data disclosure under the ESG framework will give businesses a competitive edge and a great opportunity to be the ‘leader’. Even the Boards now have ESG as a prime agenda.
ESG is a framework used to assess an organization’s business practices and performance on various sustainability and ethical issues. It also provides a way to measure business risks and opportunities in those areas. ESG and sustainability are two popular terms that are floated around the corporate sphere.
There are no wonder financial studies will soon have significate exposure to ESG metrics, weighted equally. Non-financial metrics based on the ESG framework soon rule the world.
