{"id":1732,"date":"2022-12-08T14:07:03","date_gmt":"2022-12-08T20:07:03","guid":{"rendered":"https:\/\/forum.hero-health.org\/?page_id=1732"},"modified":"2023-04-12T09:04:08","modified_gmt":"2023-04-12T14:04:08","slug":"forum23-theme","status":"publish","type":"page","link":"https:\/\/forum.hero-health.org\/forum23-theme\/","title":{"rendered":"Forum23 Theme"},"content":{"rendered":"

[vc_row gap=”20″ padding_bottom=””][vc_column width=”1\/2″][vc_single_image image=”1701″ css=”.vc_custom_1670529720586{margin-bottom: 0px !important;padding-bottom: 0px !important;}”][\/vc_column][vc_column width=”1\/2″][\/vc_column][\/vc_row][vc_row gap=”20″ padding_top=”10″ padding_bottom=”10″][vc_column width=”1\/2″][vc_custom_heading text=”Doing Well by Doing Good:” font_container=”tag:h2|font_size:30px|text_align:left|color:%23003e6b|line_height:36px” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” css=”.vc_custom_1670529481439{margin-bottom: 0px !important;}”][vc_custom_heading text=”How Responsible Organizations are Addressing Societal Challenges” font_container=”tag:h2|font_size:30px|text_align:left|color:%23003e6b|line_height:36px” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][vc_column_text]For decades, various management concepts have challenged the Friedman doctrine that a business\u2019s sole obligation to society is to generate profit. The Environmental, Social, and Governance (ESG) movement has gained prominence in recent years, joining other approaches to sustainability and social purpose, such as Corporate Social Responsibility (CSR), B Corps, and Conscious Capitalism, in exploring an organization\u2019s broader societal impact. Going beyond aspirational values statements, charitable giving, and responsible policies, social or shared value measurement, and reporting quantifies how well an organization\u2019s actions align with its commitments and provides a mechanism for accountability to stakeholders.<\/p>\n

ESG ratings and other social impact metrics are primarily used by investors to guide their decisions, but other stakeholders, including workers, customers, and regulators, are also taking interest in whether an organization\u2019s policies and practices meet their expectations. Accordingly, prospective employees, business partners, and collaborators increasingly expect the organizations they form a relationship with to address issues they see as important and behave in ways consistent with their own values. Similarly, boards of directors and other governance bodies are establishing oversight and accountability mechanisms for ESG efforts, such as tying executive compensation to performance in these areas.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_column_text]ESG models cover a wide range of critical issues:<\/p>\n