The Problem is Real
Sustainable Development Goal
Sustainable Development Goals or Global Goals are a collection of 17 interlinked global goals designed to be a "blueprint to achieve a better and more sustainable future for all". The SDGs were set up in 2015 by the United Nations General Assembly (UN-GA) and are intended to be achieved by 2030. They are included in an UN-GA Resolution called the 2030 Agenda or what is colloquially known as Agenda 2030. The SDGs were developed in the Post-2015 Development Agenda as the future global development framework to succeed the Millennium Development Goals which ended in 2015.
17 Sustainable Development Goals
Environment, Social, Governance (ESG)
ESG stands for Environment, Social, and Governance, and is a set of criteria that investors are considering in searching and filtering companies that are “socially responsible”. These standards create a holistic approach for business strategies and investor screening by accounting for all the stakeholders — investors, company staff, environment, and society.
Environmental standards include the company’s usage of energy resources, policies on waste management, and its impact and efforts towards net-zero emission and climate change.
Social criteria cover social relationships focusing on management and employee relationships. This includes human rights, worker’s rights, workplace policies, employee wellness and training, DEI (diversity, equity, and inclusivity), and wages.
Governance criteria encapsulate issues and efforts involving decision-making, and corporate cultures of transparency, accountability, inclusivity, and compliance. This also includes the relationship with stakeholders, such as shareholders, investors, and customers.