ESG blah…blah…blah!

Buzzword: ESG and its reporting standards are a topical subject PIC: AZEUSCONVENE.COM
Buzzword: ESG and its reporting standards are a topical subject PIC: AZEUSCONVENE.COM

In recent years, the term "ESG" has permeated boardrooms, corporate annual reports, and marketing campaigns like an infectious buzzword. What does it actually mean though? How has it evolved?

Environmental, Social, and Governance, or ESG, was once a lofty idea that was supported as a driver of change in the corporate sector. However, businesses more concerned with looks than results have hijacked, distorted, and dilute it. It's high time we cut through the smoke and mirrors and demand substance from the world of ESG.

Let's not delude ourselves: ESG is nothing more than a glamorised marketing ploy in its current form. Numerous businesses have blatantly taken advantage of it to give the appearance of accountability while maintaining their unwavering focus on profit. They talk about "transparency," "diversity," and "sustainability," but they don't really mean to change the way they act. We should expose it for what it is — corporate virtue signalling, which is all it is.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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