What is Environmental, Social and Governance (ESG)?

ESG conceptualized: hands holding holding a seedling with an overlay of icons symbolizing Environmental, Social, and Governance.

What is ESG?

Environmental, Social and Governance (ESG) is a comprehensive framework that looks at organizational impacts on the environment; the treatment of employees, stakeholders and community members; and addresses the quality of governance structures.

These are important factors for businesses in B.C. and go beyond economic accomplishment by creating a deeper set of considerations to support success for British Columbians—today and well into the future.

Why is ESG important?

ESG is a key consideration for investors in the province, entrepreneurs looking to launch businesses, policy makers, and consumers and community members who make personal decisions on where to live, how to invest, and what to buy. ESG matters in all of our lives.

Organizations that embrace and adhere to ESG principles contribute to long-term sustainability for their businesses and the province and build employee, investor, consumer and community trust. ESG also reduces business risk and fosters innovation—key considerations in maintaining a strong and stable economy.

Person fueling a vehicle at a hydrogen fueling station designed and fabricated by Powertech Labs of Surrey.
cover of the ESG 101 guide.

Our detailed 101 guide is a great first step in your ESG journey. It includes:

  • Defining ESG
  • Why ESG matters to businesses
  • Glossary of key terms
  • How to implement ESG practices within your organization