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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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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