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What is ESG and what does it mean to you?

PRK Partners24 February 2023

Recently, the acronym ESG has started to appear more and more frequently in business circles. This short article should help you to properly understand what ESG is and what it means for business relationships. The acronym ESG (from the English "Environmental, Social, and Governance") refers to new requirements in the area of social responsibility, corporate governance and environmental sustainability. ESG is the de facto assessment of a company's collective responsibility in the area of social and environmental factors. These three broad categories are used to define "socially responsible investors", ie investors who consider it important to include their values and concerns (such as environmental protection, governance or community interests).

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