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ARTICLE · 24 OCTOBER 2023

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Do Students' Unions Need An ESG Strategy?

Wrigleys Solicitors LLP
Wrigleys Solicitors LLP
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Wrigleys Solicitors LLP

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ESG (short for environmental, social and governance) is a hot topic but what is it and do students' unions need an ESG strategy?

United KingdomEnvironment
Sophie Henson
Sophie Henson
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ESG (short for environmental, social and governance) is a hot topic but what is it and do students' unions 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 financial performance. ESG is well established in the investment and corporate worlds and we are now seeing it on the rise amongst the charity sector too.

The 'E' stands for environmental and relates to how an organisation interacts with and impacts on its surrounding environment, this includes 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.

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