FAQ - What is ESG and Sustainability (Part 2)

ESG and sustainability are often used interchangeably but there are actually some differences between the two words.

According to the United Nations, sustainability is defined as meeting the needs of the present without compromising the ability of future generations to meet their own needs. Sustainability looks beyond a company’s non-financial performance. Sustainability comes from an economic standpoint of view to see how global economy can continue to grow while protecting the environmental and social interests.

Unlike ESG which is governed by regulations, sustainability is guided by general principles. Sustainability is holistic and it works to ensure a sustainable and responsible development while protecting the environmental and social. Also, sustainability applies to all levels from the nation to company, community, and individuals. Sustainable actions can be taken anytime, anywhere by anyone.

In conclusion, ESG focuses on assessing a company’s environmental, social and governance performance for immediate investment decision. On the other hand, sustainability is a larger term that incorporates economic factor and addresses the long-term effects of today’s activities on the environment and society.

Further reading: https://bernardbc.com/esg-vs-sustaina...

So, curious to explore the impact of ESG and sustainability on you and your company? I would like to invite you to our upcoming ESG and Sustainability Workshop in November. I am here to give you a sneak peek at what we will cover:

Module 1: The Evolvement of ESG and Sustainability
Module 2: How to Effectively Communicate ESG and Sustainability
Module 3: What's Next – The Future of ESG and Sustainability

Sign up now at https://bernardbc.com/event/esg-and-s... and see you there!