Environmental, societal and governance (ESG) factors are now high on the agenda for all businesses, shaping corporate strategy and reporting. ESG has moved beyond a "soft" set of notional aspirations, initially aligned to corporate social responsibility, to become a distinct driver of corporate board and shareholder behaviors, as well as influencing supplier and buyer decision-making.
ESG factors include: (i) environmental (such as extreme weather, GHG, or greenhouse gas, emissions and carbonization, waste management, rights of indigenous communities); (ii) social (workplace culture, employee relations, modern slavery); and (iii) governance (broad structures, shareholders' rights and relationships, audit arrangements and solvency). There is a growing body of legislation and regulation in both developed and emerging economies, the aim of which is to give teeth to the broader objectives of ESG.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.