ESG and Sustainability
Environmental, Social and Governance (ESG) & Sustainability
Environmental, social and governance (ESG) is a term used to represent an organization's corporate financial interests that focus mainly on sustainable and ethical impacts.
People, process and product are the three pillars of ESG, while principles of sustainability is made up of three pillars: the economy, society, and the environment. These principles are also informally used as profit, people and planet. Some will add in a fourth pillar to sustainability to include: Human, Social, Economic, and Environmental.
It is easy to see the cross over and the effect on how decisions are made that impact a community, locally, regionally, or globally.
McKinsey & Company's Witold Henisz, Tim Koller, and Robin Nuttall write
"The E in ESG, environmental criteria, includes the energy your company takes in and the waste it discharges, the resources it needs, and the consequences for living beings as a result. Not least, E encompasses carbon emissions and climate change. Every company uses energy and resources; every company affects, and is affected by, the environment.
S, social criteria, addresses the relationships your company has and the reputation it fosters with people and institutions in the communities where you do business. S includes labor relations and diversity and inclusion. Every company operates within a broader, diverse society.
G, governance, is the internal system of practices, controls, and procedures your company adopts in order to govern itself, make effective decisions, comply with the law, and meet the needs of external stakeholders. Every company, which is itself a legal creation, requires governance."
How does Trunkmoves enable ESG & Sustainability?
Affiliating with Trunkmoves, employers, corporations and their communities are able to meet goals and changes in behavior. Encouraging reuse rather than recycling or end-cycling in refuse.
For companies, having their employees engage our platform to move employee essentials during the relocation process brings into focus circularity for both.
The parcel crates our parent company kübox manufactures are reusable, sometimes up to 20x before restoration is needed. That reuse factor is equal to a proportionate amount of reductions in carbon emissions and keeps these materials out of refuse through reuse.
By entering into the recycle stage later, C02 costs are greatly reduced. Few think about the energy used in the recycling stage and redistribution of those resources and how much is actually able to be recycled. This aligns with goals in ESG and sustainability.
Recycling is only part of sustainability and ESG goals