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ESG and climate change: challenges and opportunities for professionals

ESG and climate change: challenges and opportunities for professionals

Coulson-Thomas, Colin (2023) ESG and climate change: challenges and opportunities for professionals. Management Services Journal, 67 (4). pp. 12-17. ISSN 0307-6768

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Abstract

ESG has grown in significance as investors have become more concerned with improving standards of governance and addressing negative environmental and social consequences of corporate activities. It and its relation to climate change has implications for management services professionals. Greater understanding of the governance element of ESG could help professionals with relevant experience and personal qualities to transition from management to direction and better advise boards. Project and programme management experience could be very relevant to aligning, integrating and coordinating the elements of ESG and focusing them on priority corporate challenges, risks and opportunities. This article examines: global warming and its consequences, the adequacy of individual and collective responses, social impacts of external trends and internal practices, and when initiating and implementing corporate and collective responses: allocating responsibilities, inspiring re-purposing and re-invention, responsible aspirations and strategies, governance considerations, perspectives, motivations and priorities. In future, more management services practitioners may need to work with members of other professions. The perspectives, motivations and priorities of key decision makers and those who advise them, and the focus and purpose of innovation and investment, should address priority risks and existential threats. They and professional counsel and support should also be affordable, cost-effective, flexible, easy to adopt and adapt, inclusive, and economical in their claims upon scarce natural capital.

Item Type: Article
Uncontrolled Keywords: ESG; environmental sustainability, responsible leadership; professionals; practitioners; re-innovation, global risks; risk management
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Faculty / School / Research Centre / Research Group: Faculty of Business
Related URLs:
Last Modified: 21 Dec 2023 08:40
URI: http://gala.gre.ac.uk/id/eprint/45177

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