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FIGURE Global risks ranked by severity short and long term
SOURCE: World Economic Forum Global Risks Perception Survey 2022-2023
There is no way around it now. Time for personal and business transformation. Here you will find some of our solutions. Feel free to contact me. I'm looking forward to partner up. For Profit.
There is strong evidence that observed changes in many climate variables, including extremes, can be attributed to anthropogenic climate change (Hegerl and Zwiers, 2011; Bindoff et al., 2013; Trenberth et al., 2015; Stott et al., 2016; National Academies of Sciences, Engineering, and Medicine, 2016). The IPCC AR5 concluded that 'It is extremely likely that human influence has been the dominant cause of the observed warming since the mid-20th century' (IPCC, 2013b). Furthermore, anthropogenic forcings are very likely to be the main cause of the decline in Arctic sea ice, and likely to be the cause of decreases in the Greenland ice sheet and glaciers worldwide in recent decades. Anthropogenic forcings have also influenced the global water cycle in different ways, including increases in record-breaking rainfall events (Lehmann et al., 2015).
Environmental issues may include corporate climate policies, energy use, waste, pollution, natural resource conservation, and treatment of animals. ESG considerations can also help evaluate any environmental risks a company might face and how the company is managing those risks.
Considerations may include direct and indirect greenhouse gas emissions, management of toxic waste, and compliance with environmental regulations.
Governance
The governance ‘G’ pillar in ESG is about assessing how well a company is run and ensuring that it acts in the best interest of its stakeholders. Unethical practices like clientelism, conflicts of interest or improper business practices can have a devastating impact on a company and its shareholders.
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So what about SHEQ?
Where ESG is kind of new, the term SHEQ (Safety, Health, Environment, Quality) has been around for long. It refers to the same topics, but from a different vantage point.
‘Quality’ could to a certain extent be compared to ‘Governance’ and ‘Safety & Health’ is an important part of taking social responsibility as an employer. The big difference is that ESG has more of an outward view on things. Not only taking care of the own operations, but also the value chain and possibly affected communities from the undertakings endeavours.
Does the company donate a percentage of its profits to the local community or encourage employees to perform volunteer work there? Do workplace conditions reflect a high regard for employees’ health and safety? Or does the company take unethical advantage of its customers?
Socially responsible investing (SRI) is an investment strategy that highlights this one facet of ESG. SRI investors seek companies that promote ethical and socially conscious themes including diversity, inclusion, community-focus, social justice, and corporate ethics, in addition to fighting against racial, gender, and sexual discrimination.
Safety. Health. Environment. Quality. These are the four aspects any (operational) manager should look at. But how do you integrate it in current systems? And how does it relate to ESG? Investing in SHEQ & ESG @ Marchal.Online is profitable.
Management is doing things right. However, there is a choice to take before it. It’s ‘doing the right things’ i.e. ‘Leadership’. Learn how @ Marchal.Online
There is a "New Dawn" of sustainability reporting with the coming of the CSRD (Corporate Sustainability Reporting Directive) in the EU. Check now whether your company applies to the mandated standards and receive a free compliance quick scan.