Environment, Social, and Governance
ESG is a popular term in the business world. It’s an acronym used to describe a company’s approach to handling environmental, social, and governance matters. When a company follows ESG standards, it means they’re paying attention to their impact on the environment, how they treat people, and how they manage their business.
Let’s break down what each part of ESG involves. Environmental issues could involve checking how much pollution a company’s factories are creating. Social issues can include whether a company treats its employees fairly and doesn’t discriminate in hiring. Governance issues might involve checking if a company’s board is diverse.
Since 2020, ESG has been a hot topic in the business world. It’s not just a buzzword – it can seriously affect how investors see a company. So you might come across ESG when you’re reading about business online, watching business news on TV, or even talking about business in person.
It’s not just a business term, though. You might also hear ESG being talked about in political discussions. Generally speaking, people on the liberal side of politics are more likely to support ESG standards, while conservatives might be more critical.
Example for using ‘ESG’ in a conversation
Hey, have you heard about ESG?
Yeah, I’ve seen it mentioned online. It stands for Environment, Social, and Governance, right? 🌍
Exactly! It’s a business term that focuses on how companies handle environmental, social, and governance issues. 🏭
That’s interesting. So, it’s like evaluating if a company is being responsible and ethical in those areas? 🤔
Related Slang Words You Might Be Interested In
| Slang | Meaning |
|---|---|
| RIP | Rest in peace |
| PIOG | Posted in other groups |
| PUSIMP | Put yourself in my position |
| NoPoo | NoPoo stands for No Shampoo |
| IJWTS | I just want to say |