ESG principles, challenges and opportunities

Authors

  • Arnoldo José de Hoyos Guevara Pontifical Catholic University of São Paulo https://orcid.org/0000-0003-2418-728X
  • Vitória Catarina Dib Pontifical Catholic University of São Paulo

DOI:

https://doi.org/10.23925/2179-3565.2022v13i4p18-31

Keywords:

Sustainability, ESG, Circular Economy, Climate Changes

Abstract

No doubt our civilization is living now at critical times and this is something that remind us of the John F. Keenedy historical campain speeches in the earliest 60s when  very  opptimistically he used to say that In the Chinese language, the word "crisis" (weiji) is composed of two characters, one representing danger (wei) and the other, opportunit y(ji),  although actually the second part (ji) means more something that we are calling now Tipping Point.  As we could follow on the daily news today we are now going through a  Cathastrofic Convergence of heavy impacts processes related to delicate sanitary, climate and geopolitical risks.  All these representing heavy challlenges, at local  and global levels, for which we are not well prepared, and may take great efforts to somehow jointly learn to overcome, particularly at these deglobalization times, and where we observe an increasing concentration of wealth  and well-being and particularly a lack of care concerning  social and enviromental  issues. So on this paper we focus on the fact that some proposals that have being going alone globally speaking for some time like the UNSDG or the regional EU Green Deal and more particular the more recent Enviromental Social Governance ESG, that this paper is dealing, may hopefully  represent an appropiate way to move ahead  at this Tipping Point overcoming main challenges. The paper basically consists in three parts: Principles, Challenges and Opportunities. 

References

Arruda, C. Inovabilidade. 2022. In: Arruda, C. (ed.). O papel das empresas na pauta ambiental do ESG. Fundação Dom Cabral, 2022.

Adachi, V. Natura & Co: Os desafios e as reflexões da referência em ESG. Reset. 2 jul. de 2021. Available in: https://www.capitalreset.com/natura-co-os-desafios-e-as-reflexoes-da-referencia-em-esg/

Adachi, V., Viri, N. Fábio Barbosa assume comando da Natura & Co. Reset. 15 jun. de 2022. Available in: https://www.capitalreset.com/fabio-barbosa-assume-comando-da-natura-co/

AMBIPAR Group. 39 empresas brasileiras estão entre as melhores do mundo em práticas ESG. 19 julho de 2021. Available in: https://forbes.com.br/forbesesg/2021/07/39-empresas-brasileiras-estao-entre-as-melhores-do-mundo-em-ranking-de-praticas-esg/

ANTEAGROUP. Environmental, Social, and Governance. InogenAlliance. 2022. Available in: https://us.anteagroup.com/services/esg-advisory-services

Bertão, N. Conheça as 22 causas sociais para observar em 2022. O Globo. Economia. São Paulo, 19 maio de 2022. Available in: https://oglobo.globo.com/economia/esg/noticia/2022/05/conheca-as-22-causas-sociais-para-observar-em-2022.ghtml

BLACKROCK. Uma mudança estrutural nas finanças. 2022. Available in: 2022. https://www.blackrock.com/br/larry-fink-ceo-letter

Brammer, B. O ESG e a economia circular na nova era sustentável. Um só planeta. 7 jun.de 2021. Available in: https://umsoplaneta.globo.com/opiniao/colunas-e-blogs/guilherme-brammer/post/2021/06/o-esg-e-a-economia-circular-na-nova-era-sustentavel.ghtml

Brutoco, R. S. Environmental, Social & Governance (ESG); “Mother” Hazel Henderson. World Business Academy. 2022. Available in: https://worldbusiness.org/wp-content/uploads/2022/05/Perspectives-5.16.2022-Environmental-Social-and-Governance.pdf

CANAL AGRO. Como a agenda ESG de governança desafia o agronegócio brasileiro? 12 maio de 2022. O Estado de São Paulo. Available in: https://summitagro.estadao.com.br/sustentabilidade/como-a-agenda-esg-de-governanca-desafia-o-agronegocio-brasileiro/

CAUSE. 22 causas para observar em 2022. Cause, 2022. Available in: https://www.cause.net.br/causas-para-observar-em-2022/#:~:text=Causas%20para%20Observar%20em%202022%20%2D%20Cause&text=22%20CAUSAS%20PARA%20OBSERVAR%20EM,de%20promover%20melhorias%20na%20sociedade

CORESABE. Do lixo ao luxo: Guilherme Brammer transforma resíduos em riquezas de forma sustentável. 4 jan. de 2021. Available in: https://coresab.com.br/2021/01/04/do-lixo-ao-luxo-guilherme-brammer-transforma-residuos-em-riquezas-de-forma-sustentavel/

EIU. EIU lanches ESG Rating Service. Economist Intelligence Unit. Apr. 6, 2022. Available in: https: www.eiu.com/n/eiu-lanches-egs-rating-service/

Elkington, J. Green Swans: The Coming Boom in Regenerative Capitalism. Fast Company, 2020.

Elkington, J., Hailes, J., Makower, J. The Green Consumer Guide. Guild Publishing, 1988. 342 p.

ESGBook. ESG book. ESG Book, 2022. Available in: https://www.esgbook.com

FDC. Inovação: o motor do ESG. Fundação Dom Cabral, 2022. Available in: https://esg.fdc.org.br/e-books/

Furini, C. Carbono Neutro: um compromisso inadiável pelo futuro do planeta. 2022. In: Arruda, Carlos (ed.). O papel das empresas na pauta ambiental do ESG. Fundação Dom Cabral, 2022.

Ground, J. ESG Global Study 2022. Friday, June 17, 2022. Available in: https://corpgov.law.harvard.edu/2022/06/17/esg-global-study-2022/

IDEIA Sustentável. 181 empresas americanas assinam manifesto público de responsabilidade corporativa. 4 set. de 2019. Available in: https://ideiasustentavel.com.br/manifesto-responsabilidade-corporativa/

IPCC. Report Change 2022: Impacts, Adaptation and Vulnerability. Sixth Assessment Report. 2022. Available in: https://www.ipcc.ch/report/ar6/wg2/

IPCC. Climate Change 2022: Mitigation of Climate Change. Available in: https://www.ipcc.ch/report/sixth-assessment-report-working-group-3/

Jokura, T. O que é ESG? NetZero. 4 nov. de 2021. Available in https://netzero.projetodraft.com/o-que-e-esg-e-por-que-todo-mundo-esta-interessado-nesta-sigla/?utm_campaign=newsletter_netzero_-_edicao_23&utm_medium=email&utm_source=RD+Stati

Kell, G. The Remarkable Rise of ESG. Forbes. July 11, 2018. Available in: https://www.forbes.com/sites/georgkell/2018/07/11/the-remarkable-rise-of-esg/?sh=4c7cc1e16951

Loviscek, Vittoria. Triple bottom line toward a holistic framework for sustainability: a systematic review. Fundação Getúlio Vargas, Brazil. Revista de Administração Contemporânea. v. 25, n. 3, e200017, 2021. DOI: https://doi.org/10.1590/1982-7849rac2021200017.en

Melo, P. Fatores esg e os desafios da governança no mundo pós-pandemia. Federação das Indústrias do Estado de São Paulo, 2022. Available in: https://www.fiesp.com.br/indices-pesquisas-e-publicacoes/artigo-pedro-melo/

Murasawa, L. Mudanças Climáticas; Mercado de Carbono. 2022. In: Arruda, C. (ed.). O papel das empresas na pauta ambiental do ESG. Fundação Dom Cabral, 2022.

Navarro, R., Flores, M. Quais devem ser as estratégias de inovação na era digital e da inovabilidade? 2021. Available in: https://ci.fdc.org.br/AcervoDigital/E-books/2021/Digital%202/Quais%20devem%20ser%20as%20estrat%C3%A9gias%20de%20inova%C3%A7%C3%A3o%20na%20era%20digital%20e%20da%20inovabilidade.pdf

Pope Francisco. Laudato Si. Laudato Si, 2016. Available in: https://www.laudatosi.va/en.html

Ripardo, S. B3 divulga ranking dos campeões de ESG; Vale e Petrobrás estão fora. 28 de jan. de 2022. Bloomberg Linea. Available in: https://www.bloomberglinea.com.br/2022/01/28/b3-divulga-ranking-dos-campeoes-de-esg-vale-e-petrobras-estao-fora/

Rovani, A. Há uma tendência global de incorporar ESG na estratégia das empresas; é uma nova realidade, não tem volta. 1 nov. de 2021 NetZero. Available in: https://netzero.projetodraft.com/ha-uma-tendencia-global-de-incorporacao-de-esg-na-estrategia-das-empresas-e-uma-nova-realidade-e-nao-tem-volta-diz-sanches-da-b3/

SDSN. A Global Initiative for Solutions Network. Jeffrey Sachs awarded 2022 Tang Prize in sustainable development for leading transdisciplinar sustainability Science. Sustainable Development Solutions Network. June 20 2022. Available in: https://www.unsdsn.org/jeffrey-sachs-awarded-2022-tang-prize-in-sustainable-development-for-leading-transdisciplinary-sustainability-science?utm_source=SDSN&utm_campaign=cdc3bb96c5-EMAIL_CAMPAIGN_2022_04_22_09_48_COPY_01&utm_medium=email&utm_term=0_2302100059-cdc3bb96c5-177737005&mc_cid=cdc3bb96c5&mc_eid=48a6941319

SWAYABLE. Tracking consumer perception of ESG perfomance. 2022. Available in: https://www.swayable.com/esg/?gclid=Cj0KCQjwidSWBhDdARIsAIoTVb1p31rqZK-xvBPIyfbev0PJh97Hj7HwmS7INJYK3wgUFO_QCj9PDUaAlAiEALw_wcB

SWITCH2GREEN. The EU Green Deal – a roadmap to sustainable economies. The EU Switch to Green Flagship Initiative, 2022. Available in: https://www.switchtogreen.eu/the-eu-green-deal-promoting-a-green-notable-circular-economy/

THE ECONOMIST. A broken idea; ESG investing. Special Reports. The Economist, 2022a. Available in: https://www.economist.com/special-report/2022-07-23

THE ECONOMIST. ESG should be boiled down to one simple measure: emissions. Three letters that won’t save the planet. The Economist, 2022b. Available in: https://www.economist.com/leaders/2022/07/21/esg-should-be-boiled-down-to-one-simple-measure-emissions?utm_campaign=a.the-economist-this-week&utm_medium=email.internal-newsletter.np&utm_source=salesforce-marketing-cloud&utm_term=7/21/2022&utm_id=1244577

Voil, M. Mobilizing International SDG Financing & launch of the 2022 Sustainable Development Report. Sustainable Development Solutions Network. June 22, 2022. Available in: https://www.unsdsn.org/mobilizing-international-sdg-financing-launch-of-the-2022-sustainable-development-report

Downloads

Published

2022-12-27