ESG Resource Hub
What is ESG?
ESG is an abbreviation for environmental, social and governance. These three nonfinancial factors represent the extent to which an organization governs itself responsibly and acts in ways that positively impact people and the planet.
About the ESG Report
As global challenges arise, so does the pressure for organizations to ensure their initiatives create a better world for all. To unleash the real power of ESG, organizations must set the right targets and measure results. Read this report to learn:
- Why tracking ESG progress and outcomes is essential.
- How project leaders can help define ESG goals and objectives.
- What reporting techniques can increase ESG visibility and achieve greater buy-in.
Project sponsors should be partners with project managers to deliver projects sustainably.
Joel Carboni, PhD
President of GPM
Detroit, Michigan, USA
The ESG agenda is a change agenda, a transformation agenda.
FIA Business School
São Paulo, Brazil
Frequently Asked Questions
Much in the same way a project management office (PMO) builds formal governance, ESG helps organizations set clear criteria to track their sustainability and social good efforts—and create enterprise-wide focus for achieving long-term ROI.
By measuring the impact of ESG initiatives, project leaders can ensure their actions truly make a difference. These metrics can also serve as the first line of defense if those projects do not deliver as intended.
Sustainability is the idea that goods and services should be produced in ways that do not use resources that cannot be replaced and that do not damage the environment. In addition to natural resources and environmentalism, sustainability also includes concerns for social equity and economic development. ESG is a term used to represent an organization's corporate financial interests that focuses on sustainable and ethical impacts. While ethical, sustainable, and corporate governance are considered non-financial performance indicators, their role is to ensure accountability and systems to manage an organization’s impact, such as its carbon footprint.
Increasing workforce diversity, reducing the carbon footprint of supply chains, removing toxic waste from the local water supply and supporting awareness of biodiversity threats are all examples of ESG projects.
An understanding of data analysis, creative problem-solving, critical thinking, risk management and the ability to influence.
Greater efficiencies and reduced costs; talent attraction and retention; improved customer satisfaction and community reputation; innovation and growth ... and more.
The U.N. Sustainable Development Goals, or SDGs, are a set of 17 integrated outcomes for a better world that address all three dimensions of sustainable development (environmental, economic and social).