(L-R) Frannie Reilly and Elizabeth Smith of McNees Wallace & Nurick. Courtesy photos What Is ESG?
The term "ESG" stands for environmental, social, and governance principles. While individuals may understand what these letters represent, many people are looking to understand why ESG is relevant, what ESG means in practice, and how it can be incorporated into business practices to the advantage of the business. In the last several years, ESG has become a hot topic and, for many, is the new standard of excellence for businesses moving forward. These principles, at their core, provide a framework for businesses to measure the tangible impacts of these issues on their operations and bottom line, as well as the community at large. This framework expands this analysis to account for a broader group of stakeholders.The Impact of the IRA on ESG: Preparing for Opportunity
The primary focus of the IRA is the reduction of greenhouse gas emissions, which is squarely in line with ESG's environmental principles.
March 15, 2024 at 12:50 PM
9 minute read
Environmental Social and Governance
(L-R) Frannie Reilly and Elizabeth Smith of McNees Wallace & Nurick. Courtesy photos
What Is ESG?
The term "ESG" stands for environmental, social, and governance principles. While individuals may understand what these letters represent, many people are looking to understand why ESG is relevant, what ESG means in practice, and how it can be incorporated into business practices to the advantage of the business. In the last several years, ESG has become a hot topic and, for many, is the new standard of excellence for businesses moving forward. These principles, at their core, provide a framework for businesses to measure the tangible impacts of these issues on their operations and bottom line, as well as the community at large. This framework expands this analysis to account for a broader group of stakeholders.
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