Business

ESG (Environmental, Social and Governance) is growing rapidly and is constantly evolving

Director of Effect? Global Head of Human Rights? A decade ago, most professionals would never have dreamed that they could incorporate this type of “position with purpose” into a corporate career.

However, as commercial organizations are increasingly judged by both customers and shareholders on their approach to corporate social responsibility, these types of jobs are becoming more common.

Grouped under the term ESG – which stands for Environmental, Social and Governance but is almost exclusively referred to by the acronym – the area offers a lot of variety. While most large companies have focused on compliance and risk for decades, the ‘environmental’ and ‘social’ elements of the ESG profession are becoming increasingly visible, particularly in Australia’s largest organisations.

Robert Poole, National Lead Partner at KPMG.

Robert Poole, National Lead Partner at KPMG.Recognition:Wayne Taylor

“This is an important issue from the perspective of directors and our workforce,” said Robert Poole, Head of ESG Strategy at KPMG Australia.

An organization’s first ESG manager typically focuses solely on strategy; Establishing processes to make the company’s ESG approach heard, often down to board level.

If a company has only had an ESG manager for some time, the role will evolve.

“Most companies have now put their cards on the table. You have written your first sustainability report. Now they are transferring ESG’s actions into operations,” says Poole.

Poole believes that ESG responsibilities will eventually become the responsibility of most employees, just as we now address workplace health and safety. Sure, the overall responsibility lies with the professionals, but every individual in an organization includes them in their day-to-day thinking.

“Increasingly [ESG] will become part of everyone’s work,” says Poole.

https://www.smh.com.au/business/workplace/an-important-issue-esg-is-fast-growing-and-ever-evolving-20220916-p5birc.html?ref=rss&utm_medium=rss&utm_source=rss_business ESG (Environmental, Social and Governance) is growing rapidly and is constantly evolving

Brian Lowry

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