The three pillars of ESG – environmental, social, and governance – are familiar. What's less familiar to business leaders is the relatively new notion of tackling ESG factors together under an enterprise risk management framework.
“Because ESG is really a framework, or a coined term that means so many different things to different people and stakeholders – especially to the investment community and the insurance community – company directors and board members are being challenged to think through: What is ESG? What does it mean to them personally? What does it mean to their stakeholders? And what risks exist to the companies that they oversee?” said Laura Wanlass, senior client partner and the global governance consulting services practice leader at Aon.
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