Global ESG Award

The Global ESG Award (GESGA) is a recognition given to companies that have demonstrated outstanding performance in environmental, social, and governance (ESG) practices. Environmental, social, and governance (ESG) criteria evaluate a company based on its commitment to sustainable and ethical practices, such as how it treats its employees, interacts with its suppliers and customers, and operates in general. Typically, the following criteria and bullet points are used to assess candidates for the Global ESG Award:

1. Environmental Criteria
   • Assessment of the effectiveness of the company's management system for tracking and lowering environmental impacts.
   • The company's plan to lessen its impact on the environment by producing fewer greenhouse gases and adapting to the consequences of climate change.
   • Energy efficiency refers to the company's initiatives to lessen its reliance on traditional energy sources and instead make greater use of renewable ones.
   • Management of Waste entails all of the initiatives taken by the company to lessen trash output, salvage recyclables, and safely dispose of hazardous waste.
   • Management of the organization's water resources, including conservation efforts.
2. Social Criteria
   • Workers' rights, equal pay, and other protections, as well as the company's commitment to fostering an inclusive and diverse workplace, are all examples of labor and human rights policies.
   • Responsibility Towards Customers entails a firm's assurance that it will always operate fairly and protect the security, confidentiality, and happiness of its clientele.
   • Community relations refer to the company's efforts to interact with and better the neighborhoods in which it does business.
3. Governance Criteria
   • The effectiveness of the company's governance structure, including the composition of the board of directors, including the board's independence and diversity.
   • Executive Compensation: Pay for top executives that is tied to the company's ability to sustain its success over the long term.
   • The process by which a business identifies, evaluates, and handles potential threats to its financial and other resources.

The overarching goal of the Global ESG Award is to honor businesses that are dedicated to doing good for both the community and the environment, while also adhering to good corporate governance standards.