Environmental Social and Governance (‘ESG’) is one of the biggest issues in the business world today. While the concept has been around for some time, it began to garner significant traction following the outbreak of the COVID-19 pandemic. ESG relates to the effect that a company’s business practices has on (1) the environment (‘E’) in which it operates, including energy resources used, output of waste and the general impact on climate; (2) social issues (‘S’), such as employee health and safety, human rights, data privacy of customers and employment practices; and (3) governance (‘G’) of the business having regard to issues such as corporate governance, risk management, and compliance.

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