Sustainable working practices are becoming increasingly important for companies. ESG criteria are often mentioned in this context. ESG stands for the terms Environment, Social and Governance. What this means in detail is explained below.
Environment
Resources: Where do the materials used in a product come from? What environmental impacts are associated with them?
Sustainability: Are products or services associated with high CO2 emissions? Or is an attempt being made to work with a circular economy model that minimizes them?
Emissions: How high are the CO2 emissions and energy consumption of a company and its suppliers? Is there a commitment by the company to reduce CO2 emissions? Are environmental impacts disclosed?
Environmental Protection at ExperTeach >>>
Social
Employment standards: What standards are companies, their suppliers and business partners guided by? Fair pay, good working conditions, health and safety are key criteria.
Human rights: Is a company's supply chain checked to ensure that human rights are respected?
Societal benefits: Customers, employees and investors are increasingly looking for companies to act responsibly.
Diversity, equality and inclusion: Is the diversity of society also reflected in a company's workforce? Are there equal opportunities for all employees, e.g. in terms of training and development?
Social Aspects at ExperTeach >>>
Governance at ExperTeach
Corporate values: Is there a clear vision and strategy in line with the company's values?
Corporate ethics: Are there guidelines for ethical business conduct? Does the company have similar expectations of its suppliers and business partners?
Compliance: Are there anti-bribery and anti-corruption policies in place? Do they comply with legal requirements? Can whistleblowers report grievances?
Risk management: Are there processes in place for risk management, especially with regard to partners and suppliers?
Transparency: Does the company report regularly and transparently on its activities?