Why ESG Principles Are Good for Everyone
This includes your members
ESG—which stands for environmental, social and governance—refers to the three key factors when measuring the sustainability and ethical impact of an investment in a business or other organization, according to Market Business News.
While the concept can be traced back to the 1960s, recent years have brought the framework to the forefront for many organizations and businesses and expanded it beyond the realm of corporate social responsibility. If ESG isn’t top of mind for your industry, get ready. It’s coming.
Consumers, regulators, and policymakers have all taken notice of ESG. According to a McKinsey podcast in 2020 on the subject, “If you take the U.S. as an example, about a quarter of the assets under management, or roughly $12 trillion, are ESG-rated investments.”
Please select this link to read the complete article from ASAE's Center for Association Leadership.