The term “Environmental Social and Corporate Governance” (ESG) represents a movement by companies worldwide, including those in North America and Europe, to tackle issues such as climate change, as well as business ethics challenges, including the need to ensure racial and gender equality. The goal is to strengthen organizations by making them more sustainable.

What’s ESG?

NordESG, a consulting firm based in Heupelzen, Germany, says ESG represents the latest example of an evolving focus among companies, governments and investment groups going back several decades. They cite a 1937 reference by President Franklin Roosevelt (D) on the need for a ...