ESG FAQ’s
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Environmental, Social and Governance (ESG)
Frequently Asked Questions
ESG compliance refers to a company’s adherence to environmental, social, and governance principles and standards in its operations, policies, and reporting.
ESG compliance is an ongoing process that requires continuous monitoring, adaptation to changing standards, and improvement of ESG practices.
Smaller companies can start with prioritized ESG actions, seek guidance from industry associations, and gradually expand their ESG initiatives.
ESG reporting involves transparently disclosing a company’s ESG efforts and performance, providing stakeholders with insights into compliance.
Key environmental factors include carbon emissions, energy efficiency, waste management, water conservation, and biodiversity preservation.
Among the most common ESG compliance standards and frameworks are Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), and Carbon Disclosure Project (CDP).
Among the most common challenges companies face when trying to become ESG compliant are the huge number of ESG frameworks to choose from, difficulty with clearly identifying ESG goals and principles, and ESG data management.