CSR was once the poster child of the corporate world, the term
ESG has earned itself somewhat 'Vogue' status – the purported gold standard for striving towards a sustainable future. But to reach that final step of becoming 'ESG-compliant', we first need to understand what it means. In this regard, there are two crucial considerations in deciphering the word 'ESG' for hotels:
An imbalanced scale. The 'E' in ESG often hoards the limelight. While environmental needs are undeniably the most pressing (and efforts in this area are more measurable), however, social and governance factors too are important pieces to the ESG puzzle.