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What is ESG?
ESG stands for Environmental, Social, and Governance, it was first introduced in 2004 by the UN Global Compact. It is considerated as an indicator to evaluate a company's operations.
Environmental
Conservation of the natural world
- Climate change and carbon emissions
- Air and water pollution
- Biodiversity
- Deforestation
- Energy efficiency
- Waste management
- Water scarcity
Social
Consideration of people & relationships
- Customer satisfaction
- Data protection and privacy
- Gender and diversity
- Employee engagement
- Community relations
- Human rights
- Labor standards
Governance
Standards for running a company
- Board composition
- Audit committee structure
- Bribery and corruption
- Executive compensation
- Lobbying
- Political contributions
- Whistleblower schemes
What is the relationship between ESG and solar energy?
Dealing with global climate change is a task for everyone on the planet. One of the United Nations' Sustainable Development Goals (SDGs) 2030 is to ensure that people can have affordable and clean energy. Recently, ESG (Environmental, Social, and Governance) sustainable investment has becomes a hit topic, which engages global companies to combines economic development with firendly environment. Building and using renewable energy, such as solar power, helps to reduce greenhouse gas emissions and carbon use, while generating additional revenue through the Feed-in Tariff scheme and carbon trading. By investing in solar power systems, businesses and citizens can become solar energy buyers, helps accelerate the development and use of clean energy in Hong Kong.
