Currently, the concept of sustainable development is advocated at home and abroad as a requirement for the unification of economic and social values, which is essential for the sustainable development of society. Climate change, environmental damage, loss of biodiversity, and social issues brought about by economic activities have become global challenges, and are increasingly becoming a central issue in the development of individual enterprises and society as a whole.
New challenges require new ideas, and through continuous iterations and upgrades, evaluation systems that incorporate environmental, social, and governance responsibility dimensions took shape at the beginning of the 21st century, and have evolved to increasingly become the top stream in the economic field. As an international public service team composed of Chinese students from all over the world, ICSO will join hands with ESG to create a better, safer, more reliable and more sustainable world through innovation.
01 Impact of Environmental Change on the World
Scientists predict that by 2100, more than one billion people will be living in low-lying areas plagued by flooding, and people will face serious environmental problems. At the same time, people will also face a variety of diseases brought about by environmental change. Philanthropy will play an important role in this regard.
It is reported that in order to help improve such problems, ICSO has carried out a public welfare project “The Love of Greenery”, initiated a number of plant protection activities, and organized people to expand the green area of the city while advocating a low-carbon life, green travel, and reduce pollution. In addition, ICSO has also cooperated with the International Association for Marine Ventures (IAMV) to carry out many marine conservation activities, organizing local students to pick up marine garbage, bringing more possibilities for the future development of the environment.
02 The importance of the ESG framework
It has been said that “public good often has to be a trade-off between meeting the needs of the present or future times, however, the answer doesn’t have to be one or the other, it can also kill two birds with one stone.” Philanthropy is not confined to the framework of public good, but when it is combined with the right conceptual diversity, it can spark brilliantly.
ESG integrates environmental protection, social responsibility and corporate governance into the investment process and decision-making, covering a wide range of factors that traditionally do not belong to financial analysis, but are financially relevant. It is an investment model that achieves a win-win situation for the economy, society and the environment, and is very important for promoting sustainable and high-quality development of enterprises.
For public welfare organizations, choosing ESG investment and development, and building ESG frameworks, can often provide impetus to the community, and also help to solve environmental pollution problems, improve sanitation and the quality of life of villagers, and achieve self-management and sustainable development while doing public welfare projects.
03 The Impact of ESG on Philanthropy
In fact, environmental change is only one of the global challenges. As a reliable partner, ICSO will embrace the ESG concept, actively build the ESG framework, and pass the concept to more people who love public welfare.
A philanthropist once said, “In the past, philanthropists used to focus on education, healthcare or poverty alleviation programs, but now they are beginning to shift their focus to sustainable development and environmental conservation to help build a better living environment for the next generation.
They also want to better understand the global sustainability needs and the areas that need urgent improvement, and are committed to working with different non-governmental organizations (NGOs) to achieve better results through innovative approaches and to make a greater impact on sustainable development.”
Conclusion
The proposed structure and process based on ESG concepts will effectively drive the public good. Striking the right balance between environment, society and governance will ensure the long-term impact of philanthropic programs and achieve the goal of solving current problems while addressing future challenges.In 2023, ICSO will start a new era together with ESG!
