ESG practices are increasingly present in corporate guidelines

2023-04-26 20:05:45

ESG practices, the acronym for Environmental, Social and Governance, are gaining more and more in corporate agendas. In Brazil alone, according to the Global Compact, ESG funds raise more than R$ 2 billion. Globally, according to PwC, 72% of investors always research companies for ESG risks and opportunities. Faced with this reality, the global initiative emphasizes the need for training, guidelines and preparations related to the subject.

In view of this, in a national perspective, the Associação Brasileira de Normas Técnicas (ABNT) launched in 2022 the ABNT PR 2030 – ESG standard, with concepts and models of analysis and direction for corporations, not being a law, but a recommendation.

For ABNT, the set of guidelines was born aiming at ESG aspects, which are the target of stakeholders and reflect on the earning potential of investors. To this end, it addresses the Sustainable Development Goals (SDGs), as well as the axes related to ESG.

The need for adjustments is also shown in the trend for new jobs linked to ESG issues. According to the report “Employment in a future of net zero emissions in Latin America and the Caribbean”, by the Inter-American Development Bank (IDB) and the International Labor Organization (ILO), by 2030, around 15 million net jobs could be created in these regions with the transition to a net zero carbon economy. The Environmental axis of the acronym ESG, which asks companies for concrete actions, is in line with this perspective.

For the founder and main executive of the Latin American Quality Institute (LAQI), Daniel Maximilian Da Costa, all actions that contribute to the business world in the search for sustainability and implementation of a continuous improvement process are welcome. He also points out that every methodology needs to be clear and related to the reality of the organization.

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“For an action to be successful, clarity is needed at all points. In addition, it cannot contradict irrevocable views, such as social protection, support for diversity, data security and acting ethically, among many other aspects present in the business world”, he concludes.

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