So far shipping has been able to skirt around the edge of the disruption that ESG could be about to bring upon the main stakeholders. The industry has yet to really to get to grips with it, especially the societal element, argues Frank Coles.
While corporate social responsibility (CSR) is about accountability in the business itself environmental, social and governance (ESG) goes much further; it is about evidence and metrics. It provides for evidence and transparency related to the stakeholders and business objectives. ESG also places a responsibility on a company to ensure compliance in the supply chain and business partners it does business with.
About the Author
Follow on Linkedin
More Content by EcoVadis