Understanding ESG, CSR, and Sustainability: A Simple Guide

Ever see the terms ESG, CSR, and Sustainability used and wonder what the real difference is? Here’s a simple way to think about it. Think of Sustainability as the ultimate destination - the overall goal for a business to succeed long-term by balancing the needs of people, the planet, and profit. CSR (Corporate Social Responsibility) is the company's philosophy and conscience that guides the journey. It’s the qualitative commitment to being a good corporate citizen and positively impacting society. ESG (Environmental, Social, Governance) is the specific, data-driven map used to measure progress on that journey. It provides the quantifiable metrics that investors and stakeholders use to score a company's performance and hold it accountable. In short, Sustainability is the goal, CSR is the philosophy, and ESG is the measurement. Read the full article on TechTarget https://lnkd.in/gsnZFXdx #ESG #CSR #Sustainability #CorporateSocialResponsibility #BusinessEthics #TripleBottomLine

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