AIICO Insurance Plchas reiterated its commitment to the Environmental, Social and Governance ESG adoption towards the achievement of the 17 Sustainable Development Goals SDGs by year 2030.
ESG is a framework used to assess various sustainability and ethical issues. While Environmental E focuses on a companys impact on the planet including how businesses manage energy use, waste, pollution, and compliance with environmental regulations Social S refers to a companys relationship with employees, suppliers, customers, and communities including issues like human rights, diversity, equity, and employee safety.
Governance G concerns leadership, executive pay, audits, internal controls, shareholder rights, and strong governance that ensures a company operates ethically and transparently.
On the other hand, SDGs are a set of 17 global goals established by the United Nations in 2015, designed to address pressing global challenges by 2030.
