Decoding the Green Jargon: ESG, CSR, and Sustainability Uncovered
In recent times, the corporate lexicon has been enriched with terms like Environmental, Social, and Governance (ESG), Corporate Social Responsibility (CSR), and Sustainability, each carrying a profound significance in depicting a corporation's ethos and its approach towards societal and environmental concerns. However, a cloud of confusion often surrounds these terms, with many using them interchangeably or misinterpreting one for another…
“While directly serving their customers, companies should indirectly serve the interests of society by taking responsibility for the holistic impact of their activities. Its simply a more broad view of value creation. This is what ESG is all about.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth