After decades of frenzied debate about whether corporations should serve society or their shareholders, a historic United Nations (“UN”) paper published in the early 2000s first used the term ESG to refer to Environmental, Social and Governance considerations. Titled “Who Cares Wins,” the report outlined the need for sustainable developments by corporations and highlighted the critical role ESG considerations would play in ensuring the future of humanity and civilized society.
Unsurprisingly, the environmental pillar is simultaneously the most critical and challenging consideration to address. Over a century of burning fossil fuels has resulted in significant damage…
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