Environmental, Social, and (Corporate) Governance (ESG) as Part of Quality Management

With this understanding for climate change and carbon-free industry needs, green thinking, ESG is becoming a mainstream corporate initiative to save and maintain our resources. ESG is the abbreviation of environmental social governance and is seen as part of a further wording and familiar description of corporate social responsibility to evaluate one’s company’s social responsibility (Euramco, 2021). It is seen as voluntary efforts of corporate companies and not driven by country’s law or global regulations. Further, it is a part of the CSR setup for sustainability and ecological behaviors in connection with corporate values, etiquettes, and investment decisions (Euramco, 2021). An important baseline of the overall ESG discussion is the kind of products, what the respected company is offering to their customers, and how those products are manufactured in regard to climate and environmental protection; especially the carbon footprint is more and more a critical element in corporate evaluations. Many corporate companies and nonprofit organizations are targeting CO2-neutral operations in the next decade or even until 2030 with the reduction of plastic components; green efficient electricity like wind, water, or solar energy supply; and sol heating. Also, e-mobility like electric cars, using shared public transportation and avoiding petrol-based cars and kerosine-based planes, are part of this development of demonstrating ESG. Further items are to be considered are as follows: