ESG, short for environmental, social. and governance, refers to a constantly evolving set of criteria used by organizations to assess the ESG impact of their business operations, projects, and investments.

Maria Carrisa Sanchez, writing for TechRepublic Premium, presents this explanation of ESG, including its evolution, features, examples, benefits, and drawbacks.

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ESG EXAMPLES

Finance

ESG considerations have become increasingly relevant in determining investment strategies and risk management approaches in the finance industry. Financial institutions are gradually integrating ESG facets into decision-making processes as they become aware of the influence of such measures on longterm financial success. The finance sector is aligning itself with ESG principles to build a more resilient and ethically conscious ecosystem by incorporating sustainable investment solutions and supporting responsible lending practices. One example is DBS Bank in Singapore, whose offerings include ESG bonds, renewable energy financing and sustainability-linked loans.

Healthcare

ESG principles have become integral to the healthcare sector, focusing on the responsibility to society of this essential field. Cigna Corporation, a global health service company based in the U.S., is actively adopting ESG practices. Some of its recent ESG initiatives include expanding small businesses’ access to affordable health plans in California and a $5 million grant through the Cigna Foundation that will go towards the health and well-being of children.

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TIME SAVED: Crafting this content required 18 hours of dedicated writing, editing, research, and design.