ESG. These three letters are becoming the most important abbreviation in the corporate world. They stand for “environmental, social, and governance.” What they mean is company leaders now have to consider not just their shareholders but their stakeholders. These include their workers, the people in the community, and even the entire ecosystem.
ESG funds are experiencing a record year, as more investors, such as pensions fund managers, are making it a top priority when deciding where to put their money. There’s also evidence that potential employees and even potential business partners take ESG into consideration. That’s good news for the HVAC industry, as it plays a major role in addressing environmental concerns for companies.