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Unlock the value of ESG
How we enable businessESG Fit TestESG insightsWhy ESG is good businessOur ESG Story
Get the workforce edge
Think Beyond
How we enable businessESG Fit TestESG insightsWhy ESG is good businessOur ESG Story
Get the workforce edge

Unlock the value of ESG

Environmental, Social, and Governance (ESG) are the three key pillars shaping business sustainability and ethics.

Unlock the value of ESG

ESG is fast becoming a major focus for businesses across the world and the Victorian Chamber is committed to supporting business growth by embracing ESG. Also known as corporate citizenship or corporate social responsibility, the key aspiration of ESG is: don’t make any of the world’s problems any worse and choose one (or more) and make it better.

By considering and actively managing ESG factors, businesses can create a more sustainable, responsible, and ultimately successful future for themselves and their communities.

Environmental

‘Environmental’ refers to a businesses’ impact on the planet, such as its carbon footprint or resource usage.
Social

‘Social’ defines a businesses’ relationships with its stakeholders, including employees, customers, suppliers and the wider community.
Governance

‘Governance’ relates to the way a business is managed, including its leadership, reporting practices and levels of transparency. 

E = Environmental

E = Environmental

The Environmental pillar measures a businesses’ impact on the natural environment and the resources it uses to operate.​ This includes:

  • Energy use and efficiency through renewable sources
  • Decarbonisation and carbon offsetting
  • Efficient infrastructure (including buildings and transport)
  • Biodiversity and water stress
  • Reduction of waste generation, pollution and recycling 

S = Social

S = Social

The Social pillar examines how businesses treat their people and the communities they operate in, including relationships with employees, customers, suppliers, and the broader community. This includes:

  • Labour and workforce relations
  • Workplace health and safety (WHS)
  • Recruitment diversity, equity and inclusion including First Nations engagement
  • Community engagement and relations (social license)
  • Ethical product development, procurement, and supply chains (including Modern Slavery, human rights and animal welfare)

G = Governance

G = Governance

The Governance pillar examines how a business is managed, including its internal policies and procedures that influence key decisions. This includes:

  • Pay and benefits
  • Business ethics
  • Reporting transparency and accuracy
  • Ownership structures
  • Certification
  • Board oversight and accountability

 

Provide your information below if you wish to join us on our journey to demystify ESG. You’ll receive updates on tools and resources that could help you navigate the world of ESG.

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