ESG – ENVIRONMENT, SOCIAL, GOVERNANCE
– What is ESG?
The “E” in ESG
The “E” in ESG – standing for Environmental – represents a company’s environmental concerns and actions:
- Resource consumption: Protection and reduction of the depletion of valuable natural resources.
- Waste management: Handling of waste to reduce environmental pollution.
- Carbon emissions: Reduction of the carbon footprint to address climate change.
The “S” in ESG
The “S” in ESG – standing for Social – refers to social practices concerning the company’s relationship with employees, customers, and the broader community:
- Ethical labor practices: Establishment of fair labor standards that ensure safe working conditions and the protection of workers’ rights.
- Diversity, Equity, and Inclusion (DEI): Implementation of DEI in the workplace to foster a fair and inclusive environment.
- Community engagement and philanthropy: Active involvement in and support of the local community.
The “G” in ESG
The “G” in ESG – standing for Governance – relates to how a company is governed:
- Transparency and accountability: Transparency plays a critical role in building trust and credibility for a company.
Measures We Take at Papadimitriou S.A.