People in various business industries may have heard of it. Or, in the case of the term ESG, have you seen each other through the other’s eyes? In short, it is a sustainable organizational development concept. which reflects each company’s vision and collective responsibility in doing business, and which E, S, and G stand for
E: Environment Responsibility and Care for the Sustainability of the Environment.
S: Social responsibility and care for society.
G: Governance Good governance and transparent management of the organization protect the interests of all stakeholders fairly, including investors and employees in the organization.
Many organizations try to raise this concept. which is clearly visible in the past year 2022 for Thailand but many European countries have used this concept for a while. It can be seen that large global organizations declare their clear stance on the environment neither creating a campaign to reduce waste in the industrial sector that invites everyone to start taking care of waste or pollution that occurs during the production process.
At this point, it created a point of interest for many businesses. Accelerate and help solve environmental problems because, as we often hear, one of them is global warming.
human resources it is also something that should not be overlooked. because the business sector will continue to be able to rely on personnel as well. The more new personnel How much more knowledge and skills do you have? the advancement of the organization We may see new generations of youngsters working in fields that we may not have known about before and find that these youngsters have the idea that they do not only want to work to build their own security. but also wants to make some changes to the world.
Transparency is not an option. However, from a practical standpoint, because when an organization becomes more transparent, it tends to become more socially responsible.If social responsibility is a reflection of the company’s concept, that will affect the image when outsiders look in, and a good image has a good effect on investment as well.
We hope these summaries of concepts will be more or less applicable to your business. We’ll see you in the next article.
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