The “G” in ESG stands for corporate governance and involves a series of practical actions to encourage ethics, mutual help, collaborative participation and promote the strengthening of the company's culture.
With a clear incentive for corporate governance, companies manage to align their interests with all sectors of society, from social, environmental, governmental to business sectors.
Learn more about ESG governance in this post!
O QUE É ABORDADO NA GOVERNANÇA?
Everything is guided by transparency in actions and by clear and open dialogue between all those involved in the company's business, such as employees, suppliers, partners, shareholders, stakeholders, directors and, of course, customers.
In addition, corporate governance is also focused on respecting legislation and eliminating harmful practices for the market, such as corruption, for example.
QUAL É A IMPORTÂNCIA DA GOVERNANÇA DO ESG?
The importance of governance within ESG is to promote the company's values in a way that has a positive impact on the business and on the lives of the people who are part of the organization.
Governance also helps in decentralizing management, promoting broader communication between stakeholders and reducing internal and external conflicts within the company.
Another reason why corporate governance should be motivated is to increase the efficiency of internal processes. More motivated by an organizational culture of respect, ethics and communication, professionals produce more and better!
Finally, the security brought by the reduction of bad practices to the market helps the company to maintain its good image and add commercial value to its business, including the stock exchange, if applicable.
QUAIS SÃO OS PRINCÍPIOS DA GOVERNANÇA CORPORATIVA?
To adopt corporate governance, you need to follow some important principles. See what they are:
Transparency
Transparency is one of the main pillars of ESG governance, as it is with it that relationships inside and outside the company are strengthened. In addition to transparency in communications and decisions, it is necessary to account for the company's performance in matters related to the environment, diversity, inclusion, etc.
Responsibility
Responsibility, as a principle of corporate governance, has to do with the care that the company must have with the quality of life of its employees, with the role it plays in the community in which it is included and with the protection of the environment, for example. .
Equity
The equity principle provides for equal opportunities for employees and people involved in the company. The organization needs to promote solutions that include everyone and do not promote privileges and discrimination.
QUAIS SÃO OS EFEITOS DE UMA GOVERNANÇA ESG NA EMPRESA?
Corporate governance has many positive effects on companies. The main ones are:
- Conflict reduction;
- Decrease in fraud;
- Promotion of equality;
- Improvement of the company's image;
- Increase in market value.
All of this is achieved through corporate governance and ESG as a whole, so it is necessary to apply all the concepts of the acronym to obtain the best results.
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