As an ESG summit, we want stakeholders to deeply understand the businesses involved at GITEX Impact’s ESG business conference.
What is ESG?
Environmental, social, and governance (ESG) is a framework or set of metrics often used in the context of investing. This criterion is used by stakeholders, customers, suppliers, employees, and the community to assess the responsibility, impact, and sustainability of a company.
Businesses that participate in ESG conferences, organisations, and other events are given ESG ratings or scores based on the following factors:
This aspect can include a business’ contribution or efforts towards reducing wasteful energy use, water waste, resource depletion, greenhouse gas emissions, and animal cruelty. A company with environmental commitments will have the necessary risk management practices in place.
This facet refers to the relationships businesses have with their various stakeholders. This pillar prioritises the following factors:
- Diversity, equity, and inclusion (DEI)
- Fair wages
- Employee satisfaction
- Employee health
- Safe working conditions
- Local community integration
- Human rights protection
Corporate governance criteria include a business’ standards regarding transparency, accountability, compliance, company culture, leadership, and ethos.
ESG in Business
The world of business and investing is changing as investors specifically look for companies that put the ESG pillars first.