ESG (Environmental, Social, and Governance) factors have become increasingly important in recent years, as they take into account a range of considerations, including a company’s impact on the environment, its social responsibility and engagement with communities, and its governance practices and transparency.
Climate change and environmental degradation are particularly acute challenges for islands worldwide, making ESG considerations critical to their long-term resilience. From an investor perspective, companies that prioritize ESG factors are often viewed as more attractive investments, as they are seen as being better positioned to manage risks and generate long-term value. For companies themselves, incorporating ESG considerations into their business strategies can help them build more resilient, sustainable and trustworthy entities.
Last week, we had an insightful conversation with PwC Trinidad & Tobago‘s Digital Services Leader, Zia Paton, on the place of ESG has in businesses in the Caribbean and beyond, and its future.
We thank once more PwC in the Caribbean for their invaluable support as the lead sponsor of the Island Finance Forum 2023 last month. Want to know more about ESG and it’s important for the future of our society?
As every year, our flagship event, the Virtual Island Summit will gather speakers & attendees (policymakers, academics, NGO representatives, entrepreneurs, etc), from around the world, to share their expertise on topics pertinent to island communities.
In a few weeks, the Blue Economy and Sustainable Islands Forum will take place in Madeira. We will explore the potential of sustainable ocean-based industries to drive economic growth while preserving the health of our planet.