International businesses are often now seen, not simply as wealth creators and providers of jobs, but as 'citizens' with ethical responsibilities. But it's worth noting that ESG is not necessarily about businesses making ethical choices that make them less profitable. Studies reveal that conforming to ESG standards benefits a company in more ways than one and there is a positive correlation between corporate financial performance and ESG in the longer term. 1 Aside from financial performance, conforming to ESG standards can boost a company's reputation, thus its customer pool and the trust in the organisation. Founded in 1946, the ISO is an independent non-governmental international organisation that develops International standards.

Source: The Guardian April 21, 2022 09:23 UTC