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Local issues with global impact
The key lesson for all of us is that bad corporate governance doesn’t start at the board. No, it actually starts at the source: the owners of the company.
The term ESG was mainstreamed in 2004 in a report UN Global Compact called “Who Cares Wins” which encouraged business stakeholders to measure the environmental and social impact of their corporate footprint.
Referring to the environmental, social and governance impact of businesses, ESG has elevated the standard against which corporate bodies are measured for their impact beyond just profit by assessing how they treat their people and their impact on the planet.
