ESG is an acronym for environmental, social and governance, the three key factors in measuring the sustainability and ethical impact of an investment in a company or business. It has become a major concern in modern business and most socially responsible investors screen companies using ESG criteria.
Though usually associated with things like climate change, pollution and resource scarcity, in reality ESG covers a much wider range of socioeconomic issues such as employment practices, diversity as well as social and cultural ethics.
Philanthropy, for one, is an important factor in the ESG framework, pushing to the forefront the pressing question: How can companies, especially private firms, and nongovernmental organizations (NGOs) improve their philanthropic activities as their technological
