ESG Insights
ESG: HOW AND WHY THESE LEADING ORGANISATIONS GO ABOVE AND BEYOND.
EXCLUSIVE BY SANDRA LOGIUDICE, READY MEDIA GROUP
composition, cybersecurity practices, management structure, executive compensation, bribery and corruptions prevention. Here we discover 2 different perspectives in the industry from Josephine Sukkar AM, Chair of Buildcorp, and Andy Beasley, National Director of Colliers. We discover how and why they are taking action and how the market is dramatically changing in this space, together with real life examples. BUILDCORP - Josephine Sukkar AM How aware are the partners you work with about ESG compared to years ago? ESG factors are now a high priority for our partners and clients and their project funding is increasingly tied to ESG metrics, which is primarily driven by climate action. It’s no longer acceptable to give lip service about ESG because globally, investors are demanding companies operate in a socially responsible way. They want to see actions that are making an impact and ESG is not a passing trend. It’s not a buzz phrase, it’s real. And although most organisations have devised their own ways to improve on corporate governance, be more sustainable, environmentally active and socially responsible, the ESG framework provides a global benchmark, one which appears that most companies are striving to exceed. After all “we cannot be mere consumers of good governance, we must be participants; we must be co-creators”[1]
JOSEPHINE SUKKAR AM - CHAIR OF BUILDCORP
What is ESG? Environmental, social, and corporate governance (ESG) is a framework that grew from a 2004 report titled “Who Cares Wins”[2], a joint initiative of financial institutions and the United Nations (invited by the United Nations). The report has been endorsed by 20 prominent institutions, and in less than 20 years it has now evolved into a framework by which most reputable companies operate. (E)nvironment. This focuses on preserving the natural world with topics such as climate change, greenhouse gas emissions, biodiversity, deforestation, pollution, energy efficiency and water management. (S)ocial: Focuses on people and relationships and includes supporting gender equality and diversity, enhancing customer satisfaction and employee engagement. (G)overnance looks at enhancing corporate governance and addresses of topics such as board
6 – September / October 2022
Powered by FlippingBook