From the course: Introduction to ESG: Environmental, Social, and Governance
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Benefits of a strong ESG program
From the course: Introduction to ESG: Environmental, Social, and Governance
Benefits of a strong ESG program
- [Narrator] Companies may have various motivations to build and advance their ESG programs. This could be due to investor demand, workforce pressure, enterprise risk management, and or to create competitive advantage. The New York university Stern Center for Sustainable Business reviewed a thousand research papers from 2015 and 2020. They found a positive relationship between performance-based ESG measures and financial performance. A strong ESG strategy provides opportunities to tap into new markets and increase presence into existing ones. Contrary to the scenario, a company associated with environmental or social wrongdoing, such as human right violations or environmental harm, may lose customers and face shutdowns, fines or strained community and labor relations. Companies with strong ESG programs can also benefit from cost reduction through decreased or avoided resource use, minimize energy, water, and raw material…
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