ESG (short for environmental, social and governance) is a hot
topic but what is it and do academy trusts need an ESG
strategy?
ESG is a set of standards used to help stakeholders understand
an organisation's wider impact on the world, rather than
measuring purely educational performance. ESG is well established
in the investment and corporate worlds and we are now seeing it on
the rise in the schools sector too.
The 'E' stands for environmental and relates to how an
organisation interacts with and impacts on its surrounding
environment, including things such as resource use and waste
produced.
The 'S' stands for social and is concerned with how an
organisation interacts with its stakeholders (for example its
students, staff and trustees), as well as how it contributes to the
wider society.
