22/08/2023
ESG stands for Environmental, Social, and Governance. It's a set of criteria that investors, stakeholders, and companies use to evaluate the sustainability and ethical impact of a business.
As the world shifts towards more sustainable practices, understanding frameworks is key to informed business decisions. Let's dive into some notable ones:
1️⃣ GRI (Global Reporting Initiative): 🌿 GRI leads the way in sustainability reporting, providing comprehensive guidance and metrics for diverse industries.
2️⃣ SASB (Sustainability Accounting Standards Board): 📈 SASB offers industry-tailored metrics, helping companies reveal ESG risks and opportunities.
3️⃣ UN SDGs (United Nations Sustainable Development Goals): 🌎 A holistic approach, the 17 SDGs address global challenges spanning social, environmental, and economic realms.
4️⃣ BRSR (Business Reporting on Sustainable Development Goals): ✨ BRSR nudges companies to align strategies with SDGs and transparently share progress.
5️⃣ CDSB (Climate Disclosure Standards Board): ☀️ For climate-focused insights, CDSB offers a structured framework to integrate climate info into financial reporting.
Each framework has its perks and can complement one another for robust ESG reporting. The right choice depends on your industry, stakeholders, and reporting goals. Let's drive change together! 🚀
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