ShutterstockTo thrive, businesses must commit to acting responsibly with a long-term perspective, investing in corporate stewardship, sustainability and governance to build resilience and drive systemic socio-economic transformation. Reposition for ResilienceTo effectively mitigate ESG risks and reposition for organisational resilience, our landscape study on Understanding Corporate Stewardship, Governance and Sustainability established that corporate stewardship must be fostered in organisations in tandem with corporate sustainability and corporate governance practices. Corporate sustainability is an outcome-based phenomenon. Corporate governance refers to the rules and guiding principles used to utilise the resources within an organisation and regulate the behaviour of its board, management and employees. This pandemic has highlighted the benefits of strong ESG credentials, and given businesses the impetus to reboot for responsible and sustainable corporate action, as well as stakeholder accountability and protection.

Source: Forbes September 13, 2020 15:56 UTC