SIMPLEST VERSION OF ESG
Business Strategy e Magazine|September 2023
Recently, the term ESG has been blossoming across various platforms, becoming a focal point of discussions in both corporate circles and societal segments.
Harish Gupta
SIMPLEST VERSION OF ESG

It has found its way into boardroom discussions, corporate governance reports, webinars, press releases, blogs, newspapers, and even government policies. The concept of "ESG" might seem intriguing, yet for many, it remains unfamiliar, overlooked, or simply not a matter of concern. I believe it's high time we demystify ESG, presenting it in a straightforward manner and illustrating its relevance in our everyday lives.

What the term ESG stand for?

Term "ESG" is simply a combination of 3 words - Environment + Social + Governance

The three components in the term ESG inherently suggest a connection to aspects such as nature, climate, human behavior, society, equality, growth, socialism, development, industry, and innovation etc.

Environment is related to Nature: emphasis on conservation of natural world, eco-system

Social is related to People: emphasis on human life well-being & connection 

Governance is related to Process: emphasis on equal& ethical development support

• Air, Water, Energy, Natural Resources, Soil, Natural Eco-System, Biodiversity, etc.

• Peace, Socialism, Equality, Family, Love, Care, Human Life, Zero Poverty, People, etc.

• Innovation, Growth, Development, Partnerships, Legality, Fair Practices, Justice,

ESG is Connected to Every Individual Life

ESG has impacted all of us in some way, making it crucial for us to comprehend how it intersects with each of our lives.

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