Greenly’s answer to SBTi’s Scope 3 public consultation
The SBTi launched a set of proposals to improve its current target setting framework. Greenly took the time to answer their public consultation questions.
Environmental, social, and corporate governance, is a set of criteria through which a company can be measured in terms of its ethics and sustainability, providing a measure of the degree to which the company is futureproof, outside of simply its financial performance.
The ESG analysis is increasingly used by many responsible investors as a way to determine the long term success of a company. The three criteria of ESG are:
All of these criteria can be factored into a larger score to assess the level of harm or benefit that a company is having in its ecosystem. As legislation is changing and becoming more strict in terms of what damage companies are allowed to do, these principles are becoming more of an indicator of the long-term lifespan of a company, and its ability to prosper in the future.
For more information, check out Greenly’s blog articles on this subject:“What is ESG”