ESG is an abbreviation that stands for Environmental, Social, and Governance. ESG is often called sustainability, which is about how a company's products and services contribute to sustainable development.
ESG constitutes a threefold focus on non-financial considerations, which, for example, investors can use to assess the company's ability to safeguard the climate/environment, social conditions, rights, and responsible and ethical business management.
These considerations can be used, amongst other things, as part of financial risk assessment, where a good ESG score is expected to give a more sustainable, long-term return. Non-financial factors are often less measurable but are increasingly considered to be at least as important.
Cegal and ESG
Cegal wants to contribute to a sustainable world and defines this based on the UN definition of sustainable development – a development that meets the needs of the present without compromising the ability of future generations to meet their own needs. For us, sustainability is absolutely essential in our vision of becoming a legendary company that employees love to work for and that customers want to work with.
There are three pillars to Cegal's contribution to the UN Sustainable Development Goals:
1. We contribute to a better environment 2. We take social responsibility 3. We are a responsible player