The biggest economic trend of 2021 is that we are now in a full blown ESG-driven economy – for environment, social and governance – driving decisions across the economy in (often virtual) conference rooms and boardrooms.
The “E” in the ESG economy is the “environment,” and focuses on addressing climate change and protecting the planet. The “S” is the “social” element, addressing the needs of all stakeholders – employees, suppliers, customers, and the communities companies work in, as well as shareholders – and diversity, equity and inclusion. The “G,” or governance piece, is the demand for more accountability and more transparency, including consistent, reliable ESG-related disclosures, as well as diversity in leadership.
