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ESG is an acronym that stands for environmental, social and governance aspects of a company's operations. In recent years, ESG factors have become the main criterion for investors and consumers to evaluate companies. In this article, we will look at how the ESG agenda has become the main focus of business and what prospects and challenges companies are facing.

What is the Social component of the ESG concept and how can companies improve it?

In the previous ESG Monday column we told you about what the Environmental component in the ESG (Environmental, Social and Governance) concept entails. This time we're going to look at the Social - the social component.

 

 

In Uzbekistan, ESG is a relatively new concept and has not yet been widely accepted by companies, but awareness of the importance of sustainable and responsible investment is increasing. ESG-investing or, as it is also called, responsible investing is investing money in securities of companies that contribute to the development of society. The trend towards a more informed approach to the choice of financial instruments is explained by the entry into the market of a new generation of millennial investors, who are more concerned about global problems such as climate change than others.