ESG vs Sustainability

With the threat of climate change and climate risk, sustainability and ESG (environmental, social, and governance) measures have become essential in business.

• ESG (Environmental, social and governance) is a framework for evaluating a company’s sustainability and ethical behaviour, taking into account economic factors. Sustainability is the practice of balancing economic, social and environmental needs without endangering future generations. 

 • ESG and sustainability differ in their focus on environmental, social, and governance areas, with sustainability taking into account economic issues. Both require stakeholder participation, but sustainability gives collective decision-making more weight.