Glossary

Sustainability (market demands) focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. The concept of sustainability is composed of three pillars: profits, planet, and people. 

Sustainable Business is an enterprise (business alignment) that has minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that strives to meet the triple bottom line. Increasingly, companies are making public commitments to sustainability that that work toward a more sustainable future.

Environmental, Social, and Corporate Governance (ESG) are three central factors in measuring the sustainability and sustainable business credibility of a company. ESG as “a generic term used in capital markets and used by investors (capital interest) to evaluate sustainable corporate behaviours and to determine the future financial performance (potential) of companies.”

SocietyNext's Acceleration Programs and Global Chapter, ESG Reporting System and ESG Assurance are complementary relationship. The Tools embed People-Centric Approach so your team members understand the specific behaviors they need to exhibit in achieving results. The People-Centric Approach is useful in involving internal or external people to working towards Sustainability/ESG together.