Environmental, Social, and Governance, or ESG, is criteria used to determine if a company has sustainable business practices and actively cultivates a culture based on sustainability. The ESG certificate assures investors that a company they’re putting money into is considering Mother Nature in every project or business-related decision they make. Ensuring each ESG company is graded according to standards is critical because some companies are only ESG on paper.
In this episode, we share our thoughts on ESG and why it’s essential to have a standardized reporting system that objectively evaluates a company’s ESG rating. We discuss what ESG and supplier diversity have in common. We explain how some companies are only ESG because they have an ESG program and not because they have sustainable practices. We also describe why California is always a step ahead in ESG and the opportunities companies and investors have by becoming ESG-certified.
Topics discussed in this episode of Breaking Barriers, Building Hire Ground:
- The importance of standardization in reporting
- How supplier diversity relates to ESG
- How some “green” companies are only green because they have an ESG program
- The dangers of overstating ESG complacence
- Why California is a leader in the ESG revolution
- What it means to have standards in investing in ESG companies
- Taking advantage of the opportunities ESG programs present
This podcast is brought to you by Hire Ground.
Hire Ground is a technology company whose mission is to bridge the wealth gap through access to procurement opportunities. Hire Ground is making the enterprise ecosystem more viable, profitable, and competitive by clearing the path for minority-led, women-led, LGBT-led, and veteran-led small businesses to contribute to the global economy as suppliers to enterprise organizations.
For more information on getting started please visit us @ hireground.io today!
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