Businesses have a responsibility to ensure they operate by a set of philosophies that have a positive impact on people and the planet – through Environmental, Social and Governance (ESG) policies and practices.
The concept of ESG grew from socially responsible investment philosophies that initially sought to screen out businesses based on ESG concerns. This has now evolved to a focus on favouring companies that are making a positive contribution by treating environmental, social and governance issues as core elements of their strategic positioning.
In this way, investment firms like Paragon can make a tangible difference to the way in which businesses operate and the attitude of businesses towards ESG elements.
As investors, suppliers, manufacturers, government departments and everyday trading companies become more aware of ESG, they are increasingly looking to only do business with companies that are conscious of ESG and that incorporate ESG practices into their business policies, values, and operations.