Solution: Environmental Social Governance (ESG)
Solution: Environmental Social Governance (ESG)
Environmental Social Governance (ESG)
ESG is important not only for investors but also for the internal management of companies. This is because companies that incorporate ESG into their processes have started to see how their profitability is positively affected, how they can improve their reputation by prioritizing sustainable and socially responsible initiatives, and potentially attract more investors.
Environmental – Social – Governance
(ESG)
ESG is a report that addresses the environmental impacts, social practices and corporate governance criteria of companies or organizations. ESG reporting summarizes the environmental and social practices, governance approaches and performance of organizations or firms in these areas. Therefore, ESG reporting is a multidimensional statement for companies. Firms’ ESG reporting, i.e. their environmental, social and governance disclosures, constitute their perception of success in the eyes of investors.
TÜV AUSTRIA can define sustainability as the consideration of economic, environmental and social factors in company activities and decision mechanisms, together with corporate governance principles, and the effective management of risks related to these factors, in order to create long-term value in companies.
With the concept of sustainability gaining importance and investors now considering sustainability factors in company selection, capital market regulators and stock exchanges have paid attention to the issue; companies have started to take various initiatives to spread the awareness of sustainability among investors and society.
TÜV AUSTRIA Green Action Services
TÜV AUSTRIA offers Green Action Services for the priority sectors:
- Iron and Steel
- Aluminum
- Cement
- Fertilizer
- Building Construction
- Fuel and power generation