The term “ESG” refers to environmental, social and corporate governance issues that can affect a company’s ability to deliver value. It is essentially an acronym that summarises the three sustainability criteria factors, Environment – Social – Governance. Although these criteria are often described as “non-financial indicators”, they influence and are linked to a company’s performance and the way they are managed may have financial consequences.

Following the “European Green Deal” which aims to achieve climate neutrality in EU countries by 2050, legislative efforts are being made at European level towards sustainability and sustainable development by integrating ESG criteria into the EU’s financial policy framework.

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