Since its debut in a 2006 United Nations report, ESG — the acronym for environmental, social and governance criteria — has captivated the attention of businesses, governments and academics. Constituting a set of standards for a company’s operations through which socially conscious investors can screen potential investments, ESG is the most widely accepted measure of firms’ sustainability and social impact.

UCLA Distinguished Professor Chris Tang, faculty director of the Center for Global Management, moderated a discussion with internationally renowned experts in environmental crises and ESG. Professors Christine Loh and Magali Delmas explained why the ESG movement, unlike the lackluster CSR (corporate social responsibility) initiative, is motivating action by corporations. They addressed key challenges and opportunities for practitioners and explained why, in the wake of climate change, social injustice and income inequality, corporations need to change the way they operate and go beyond the traditional financial measures by taking ESG standards into consideration.

Learn about the Center for Global Management’s World Today Discussion Series:
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#environment #sustainability #socialimpact

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