Sustainability in Business
Sustainability is most often defined as meeting the needs of the present without compromising the ability of future generations to meet theirs. It has three main pillars: economic, environmental, and social. These three pillars are informally referred to as people, planet and profits. Socially conscious investors evaluate a company’s operations on 3 criteria: Environment, Social, and Governance (ESG). You are helping investors to evaluate companies alignment with ESG practices (see link in questions 1). Find an article or identify a website that pertains to a company engaging (not engaging) in these 3 sustainability practices. Include the link with your post. Please answer the following: 1. Based on the definition of ESG (see link below), what is the company doing (not doing) in regards to each of these 3 investment criteria? Discuss all 3. https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp 2. Discuss the specific benefits to each category (E, S, G) and stakeholders, including leaders and the brand image. 3. Build a case for senior leaders shifting from an ‘internal mindset’ to an ‘external mindset’. Mindsets explained: https://arbingerinstitute.com/BlogDetail?id=48 4. Build a case for the moral implications of leaders shifting to an outward mindset as it pertains to the social and governance issues of ESG. Is an inward mindset (i.e., a leader only thinks about his/her objectives, challenges, needs) unethical or ethical? Discuss. Please include links for your peers to review.
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