Optimizing the 'E' in ESG: Environmental Practices Companies Can Implement to Improve ESG Performance
Highlights
• The "E" in ESG, has taken on ever-increasing importance as the effects of climate change, pollution, and resource depletion escalate
• There are a number of environmental initiatives and practical steps that can help companies in the United States and the European Union mitigate environmental risks and align with the global movement toward a circular and low-carbon economy
• While the “E” is often considered the key to successful ESG performance it is crucial to recognize all three factors are interrelated and a comprehensive approach to ESG allows companies to capitalize on synergies among the three pillars
The three pillars of ESG – environmental, social, and governance – are interconnected aspects of a company's operations and performance and play a vital role in determining a company's overall sustainability. While each component is important in its own right, they are also interdependent and can significantly influence one another. By addressing the “E” in ESG effectively, companies can create a strong foundation for achieving success in the other two components as well.
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