> Resource: [How 'ESG' came to mean everything and nothing ](https://www.bbc.com/worklife/article/20231114-how-esg-came-to-mean-everything-and-nothing) > [time=May. 8th, 2024] [toc] --- ## Archie ```! I think the purposes of ESG is very idealistic, because it want the whole world to reach the balance of consumed and generated, but the reality is ESG can never be accepted for everyone, it is to abstract to everyone, which means is everyone will have differenct concept on it, they will never share the same vision, therefore, I think the first thing we should do is spreading the real concepts about ESG. ``` :::info **Member Comment** - <1 Sentence Comment> [name=someone] ::: --- ## Azura ```! The ESG concept is popular within the enterprises and investment environment. Public and investigator regard achieving ESG goal as enterprises' responsibility. Under the pressure, some firms announced some striking policies, but they have not enough ability to take care all aspects of ESG, or they just calling a catchphrase without any substaintial changes. ``` :::info **Member Comment** - Using "eye-cathing" or "attractive" substitute the word "striking" will be better. [name=someone] ::: --- ## Bessy ```! "ESG" is a framework used to evaluate the business performance on various sustainability and ethical issues, focusing on environment, social, and governance perspectives. At first, the "ESG" movement is well-intentioned, hoping to raise awareness of global warming and take action to mitigate environmental damage. However, the lack of a solid definition makes it hard to use a realistic way to action the pledge. Moreover, it has become a slogan for companies to attract more investment. ``` :::info **Member Comment** - <1 Sentence Comment> [name=someone] ::: --- ## Gary ```! EGS is always just a dream that trying to achieve. Business is always look for profit. If a goal can’t make any profit of it. Those Enterprise will never follow the rules. Thats why it is really hard to push. Those environmental friendly rule is always reduce the profit of the business. In my opinion, if people wanted to push those EGS goal, they must find a way that can have a balance between profit and environmental friendly. ``` :::info **Member Comment** - <1 Sentence Comment> [name=someone] ::: --- ## Janice ```! The BBC article examines the evolution of ESG criteria, suggesting that it has become more of a marketing tool than a real effort to promote sustainability and ethical practices. As ESG gains popularity, it seems to have lost its essence, turning into a buzzword that companies use to enhance their image rather than implementing real change. I think there needs to be a need to ensure that ESG retains its material impact. ``` :::info **Member Comment** - I think using the word 'actual impact' or 'real impact' is more suitable than "material impact". [name=Gary] - <1 Sentence Comment> [name=someone] ::: --- ## Karen ```! ``` :::info **Member Comment** - <1 Sentence Comment> [name=someone] ::: --- ## Vincent ```! According to the perspective of the article about the alphabet soup of ESG, the ESG movement has lofty ideal with unrealistic execution. As a matter of fact, in my opinion, the general public can't realise the meaning of ESG, which represent envionmental, social and governance issues. No only the meaning of the movement, but also the reason that put these three issues together. It can lead to the information asymmetry between coporation and individual so that the capitalism expands furiously. ``` :::info **Member Comment** - <1 Sentence Comment> [name=someone] :::