CORPORATE GOVERNANCE
WHAT IS ESG ?
E - ENVIRONMENTAL S - SOCIAL G - GOVERNANCE
Jonah Smith , Vice President , Environmental , Social , Governance ( ESG ) Strategy and Programs at IBM , agrees : “ For IBM , corporate governance is about creating innovations , policies and practices that prioritise ESG progress simultaneously with ethics , trust , transparency and – above all – accountability .”
There is little point in corporate governance as a box-ticking exercise , however .
“ When it is effective , it is really part of the culture ,” says Marcel Martin , Chief Corporate Affairs and Sustainability Officer at Coca-Cola HBC . “ It is becoming standard practice , which in turn is creating trust and collaboration across the entire value chain .”
The ‘ G ’ of ESG Corporate governance is the foundation of the environmental and social parts of ESG that sets the rules and processes and provides performance measurements to ensure transparency .
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