What is ESG?
August 7, 2024In FAQ
And what does ESG have to do with Deal Toys?
As the world banking and finance industry services every type of company and industry imaginable, the topic of impact and sustainability becomes a larger topic in deal making and in-turn, in Deal Toy making also.
From bankers’ compliance requirements to individual employees or clients personal or corporate interest in ESG and eco solutions, Altrum has been on its own journey to lessen its impact on the environment and to deliver innovation that meets the needs of our clients and theirs.
So, what is ESG?
ESG stands for Environmental, Social, and Governance. It is a set of criteria used to evaluate a company’s operations and its impact on society and the environment!
Here’s a breakdown of each component:
Environmental
This criterion assesses how a company performs as a steward of the natural environment. It includes factors like:
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- Climate change policies and initiatives
- Carbon footprint and greenhouse gas emissions
- Resource management and efficiency
- Waste and pollution management
- Biodiversity and habitat protection
Social
This criterion evaluates how a company manages relationships with employees, suppliers, customers, and communities. It includes factors like:
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- Labor practices and employee relations
- Diversity and inclusion
- Health and safety standards
- Community engagement and social impact
- Customer satisfaction and data protection
Governance
This criterion examines the quality of a company’s leadership, audit practices, internal controls, and shareholder rights. It includes factors like:
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- Board composition and diversity
- Executive compensation
- Business ethics and anti-corruption policies
- Transparency and accountability
- Shareholder rights and engagement
ESG criteria are used by investors, regulators, and other stakeholders to assess the sustainability and ethical impact of a company, often influencing investment decisions and corporate behavior.
If your company, team members or clients are looking for a Deal Toy provider that can deliver compliant solutions, or simply give you a range of options during the design and production process to minimize your and our impact on producing Deal Toys, we have made inroads in a number of areas including but not limited to…
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Carbon neutral shipping
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Packaging waste reduction
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Recyclable designs
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Minimal impact material and production options
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Green energy at our Canadian factory
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And much more…
Please read our more thorough update on our commitments and reach out today if you are looking to partner with a Deal Toy provider that will work with you to deliver sustainable solutions!
Check out Altrum’s sustainability commitment here.