YD's Diary #18 Making ESG Sustainable: Separating Mandatory Issues from Recommendations
Over the past two years in my MBA program, I spent a lot of time building my own understanding of ESG. I still have much to learn, but compared to before my MBA, I definitely understand ESG much better now. While studying ESG, I often wondered, "Can ESG itself be sustainable?" Today, I want to share my thoughts about this. This article comes from only two years of thinking, so please read it kindly as a beginner's challenge. [Isn't ESG Too Broad?] When people first learn about ESG, everyone feels differently. But I think everyone agrees that it's hard to define clearly. Even now, ESG means different things to different people. Just look at the "S" (Social) part. The word "social" has a dictionary meaning, but it doesn't give us one clear concept. When we add business management, profits, strategy, and decision-making, problems start appearing from the very beginning. When you look at many ESG materials, the "S" include...