Corporate Responsibility and Sustainability
The issues associated with corporate responsibility and sustainability have become increasingly relevant to boardroom discussions. Also referred to as environment, social, and governance (ESG) issues or corporate social responsibility (CSR), these topics run the gamut from corporate reporting and response, to global climate change and business sustainability matters, to the handling of labor and community relations.
Corporate responsibility is about good citizenship and the recognition that companies have obligations beyond those to their shareholders. It has become critical to risk management and, thus, to business strategy. As such, it warrants board attention. More companies are recognizing that it is possible to integrate environmental and social rewards with financial ones.