ESG with IoT | IoT-Driven Sustainable Innovation

ESG understandings

What does ESG means:

Environmental, Social and Governance factors (ESG) are standards sets to be socially conscious.

E: Environmental Factors Impact on company’s operations both direct and indirect
S: Social Factors Relation of companies with the employees, labour, suppliers, consumer and other stakeholders
G: Governance Factors Diversity in the board, leadership, remuneration of the board, Engagement of stakeholders and independence in the matter of financial auditing and reporting.

ESG: Components:

Environment

  • Energy Usage
  • Carbon Footprint
  • Climate Change
  • Waste Management
  • Pollution Monitoring
  • Natural Resource Conservation
  • Contaminated property
  • Hazardous Waste
  • Toxic emissions
  • Pollution control regulations

Social

  • Employee Welfare
  • Vendor relationships
  • Local social welfare prog
  • Healthcare Initiative
  • Welfare Initiatives
  • Gender equality
  • Race equality
  • Religion equality
  • Human Rights monitoring
  • Education initiative

Governance

  • Transparent Accounting
  • Investor Relationships
  • Board-conflict of Interest
  • Business Ethics
  • Opportunity of being heard
  • Political influence
  • Legal practices
  • Whistleblower policy