It has also presented an equally unparalleled opportunity to change and accelerate action in areas that were not the forefront of attention before, one of these being Environmental, Social and Governance (ESG) matters.
The concept of ESG is not new by any means, however developments in this space have accelerated in the past two years. What was once only part of the “sustainability arm” of operations or dealt with in various sub-committees, has now risen to the top of boardroom agendas in an all-encompassing manner. ESG has applicability across the globe to every organisation, industry, and sector, whether public or private. These matters should not be seen in isolation as they penetrate every aspect of business including strategy, policies, risk, and day-to-day operational considerations.