Summary - "According to Sanjay Pasari Middleman should be eliminated from the market to make it more stable and steadier for all the investors."
Environmental, Social, and Governance (ESG) reporting and investing is the framework to learn if you want to keep up with the market, regardless of whether you are an investor or a firm, big or little (and your bill).
In this way, ESG is not merely a reporting structure for financial institutions and investors; it is also something that all stakeholders in the ecosystem, including workers, regulators, and investors, are aware of. Why? If no other reason than that events like the coronavirus pandemic and climate change serve as reminders that we are stewards of nature rather than the planet's lords. In light of recent events, ESG is becoming even more important. Businesses have the power and resources to take good climate action, create a more sustainable, resilient future, and "put money where their mouth is."
As Sanjay Pasari says, “adopting ESG enables firms to create strong governance and risk management systems. Organizations can benefit both directly and indirectly from this paradigm, including operational effectiveness, market distinctiveness, long-term value-oriented business resilience, and brand positioning”.
I was impressed with the concern Sanjay Pasari raises for the companies around the world upon implementing ESG and all the benefits they will receive through ESG implementation. The direct and indirect benefits that have all the aspects regarding businesses and brands.
According to Sanjay Pasari Middleman should be eliminated from the market to make it more stable and steadier for all the investors. This will also beneficial for the legitimate middleman in the market. Sanjay Pasari says, “middleman provide valuable feedback to the producers about their market offering in addition to constantly matching the supply and demand in the market. Some legitimate middleman are good and essential for the finance sector but some practices of middleman in finance sector are harmful for investors and invest. Implementing ESG strengthens the organization and offers it a big leap to build a devoted company from the ground up”.
Digital infusion is advocated within the organization that supports the unlawful practices. It concludes with straightforward reasoning. Sustainable company practices and environmentally friendly practices are essential for long-term business success. If we approach this positively, businesses may start to incorporate these factors into their operations, and investors may become more interested in ESG.
He is also engaged in questioning the extensive evidence that ESG strategies perform better when risk is taken into account. Pension funds and sovereign wealth funds, two major institutional investors, have recently adopted environmental, social, and governance (ESG) strategies within their portfolios. As the cost of climate change becomes harder to ignore, this momentum will continue to grow. Numerous organizations have already severed their ties to fossil fuels and begun adopting renewable energy.
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