ESG Glossary
Definition
A detailed review of the Environmental, Social, and Governmental factors affecting a company and its stakeholders, including investors, employees, customers, communities, and shareholders. By considering these factors, stakeholders can get a more holistic and comprehensive view of the company's risks, opportunities, and impact. It examines the company's environmental impact (e.g., pollution, greenhouse gas emissions, biodiversity, water usage), social impact (e.g., employee welfare, community engagement, labor rights), and governance practices (e.g., corporate conduct, ethics, conflicts of interest).
In Practice
"After conducting a comprehensive ESG assessment, our company found that we need to improve our waste management practices to reduce our environmental impact. We also discovered that our employee diversity initiatives are lacking, and we need to implement more inclusive hiring practices."
Related terms
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FAQs
Data security
We take data security very seriously. ECO-OS uses enterprise-grade security measures, including encryption, secure data storage, regular security audits, and compliance with leading industry standards. Your sensitive ESG data remains private, secure, and confidential at all times.
Do you provide implementation support?
Absolutely! Our professional services team is among the most talented and experienced in the business. They provide hands-on implementation support, systematically guiding your team every step of the way. From initial data discovery and onboarding of users to training and integration, our experts ensure your team rapidly closes gaps and creates new value with ECO-OS.
Do you also support Scope 3 reporting?
Of course. ECO-OS provides an end to end solution for Scope 3 emissions following the guidance of the GHG Protocol. A suite of tools unique to our platform simplifies the complex task of communicating, collecting and aggregating your supply chain data, helping you clearly understand your full value chain emissions and devise actionable reduction programs.
What international standards and frameworks are supported by ECO-OS?
ECO-OS supports alignment with major global ESG reporting frameworks, including CSRD, the GHG Protocol, California SB 253 and SB 261, the UN Global Compact, the UN SDGs, and other leading international standards.
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