Green Business Process Management leading to Sustainable Organisational Practices
Essentially, ESG stands for Environmental, Social, and Governance , and works as an effective tool-set or framework for drilled down evaluation of the potential impacts and associated risks of an organisation’s end-to-end operations. These could be further elaborated as follows Environmental : Focuses on factors around an organisation’s carbon footprint, overall waste management, and optimum resource usage – thus assessing as to how the risks in relation to climate change, and the associated creation and spread of pollution are effectively managed. Social : This factor primarily deals with and examines - the labour practices followed, adherence to primary human rights, presence of diversity, and thorough community engagement. Governance : It has more to deal with factoring in the accountability, fairness, and transparency within the end-to-end company processes. It also looks into the organisation’s approach towards the expertise within the board, grade of executive pay, an...