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
BDP primaries leave a lot to be desired

The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...

Have a Story? Send Us a tip
arrow up