G in ESG: Unlocking value with Governance
Sustainability is in the spotlight and ESG priorities will pose both challenges and opportunities for companies now and in the future. The approach to ESG management includes having robust governance systems, risk management and controls; striving to serve the customers exceptionally and transparently; investing in the employees and cultivating a diverse and inclusive work environment; working towards strengthening the communities in which we live and work; and advancing sustainable solutions within the operational system.
As social, political and cultural attitudes continue to evolve, governance risks and opportunities will likely increase, which makes it imperative to understand the “G” in ESG. If we talk about the corporate governance structures, the core elements include corporation’s purpose, the role and makeup of boards of directors, shareholder rights and how corporate performance is measured. Financial and accounting transparency and full and honest financial reporting are often considered key elements of good corporate governance.