Maxwell Briskman Stanfield of Meyer Unkovic & Scott Maxwell Briskman Stanfield of Meyer Unkovic & Scott. (Courtesy photo)

Environmental, social and governance, or ESG, standards, not long ago an acronym without much sincerity behind it, is now becoming a genuine concern for businesses seeking to maintain a competitive advantage and to continue the betterment of corporate culture.

Indeed, the market demands it. Not only does the investor class consist of more individuals from younger generations who put an emphasis on socially conscious endeavors and "sustainable investing," but regulators are taking note of ESG metrics, as well.