ESG stands for Environment, Social, and corporate Government. It incorporates the enterprise’s non-financial indices.
Some future-oriented enterprises feel the need to be socially responsible with their presence. Through ESG management, they made good progress. By examining these companies’ cases, one can learn about the advantages of ESG management.
First, ESG management can help the enterprise improve its brand value. The MZ generation (born between 1980 and 2000s - namely Millennials) tends to gravitate towards socially responsible enterprises. Indeed, Millennials care about not only the enterprise’s product quality, but also the enterprise’s core philosophy related to ESG.
The Millennial generation also likes to work for companies that are keen on environmental and social issues around the globe. Millennials favor companies with sustainable ESG management because such companies are the ones that are prepared to deal with uncertain variables and risks in the coming future.