ESG, stemming from CSR and DEI, spotlights governance challenges in corporations. Rajeev Peshawaria, CEO of Stewardship Asia Center, emphasizes the ‘G’ in ESG, particularly its role in organizational behavior, notably in HR. While ESG frameworks integrate environmental, social, and governance aspects, their efficacy is hindered by the diverse nature of these components. Governance often dominates, overshadowing environmental and social concerns.
This imbalance fails to adequately address urgent issues like climate change and inequality. Effective governance necessitates government intervention through regulations and compliance measures.
