ESG stands for environmental, social and governance. It is an evaluation of a firm’s collective conscientiousness for social and environmental factors. It is essential for PEGH to consider the global consensus towards ESG investing as ESG is increasingly becoming a top priority in the minds of stakeholders.
Stepping Towards Sustainability
We have a responsibility to preserve the beauty of nature for future generations. Our approach to environmental sustainability focuses on measurable operational interventions to reduce resource usage across our portfolio and investments in large-scale renewable energy opportunities around the world.
Solar energy is a clean and renewable energy source that produces no greenhouse gas emissions. By using solar energy, we can help reduce carbon footprint and contribute to reducing global greenhouse gas emissions. It can also reduce air pollution. Solar energy production does not produce any air pollutants, such as particulate matter, sulfur dioxide, and nitrogen oxides, which are associated with traditional energy sources such as coal and natural gas.
Scanwolf’s factories have been put in place to reuse and recycle waste products. For materials or waste that could not be reused or recycled, the Group has appointed government approved waste contractors to dispose of such waste.
Social criteria consider how we manage relationships with employees, suppliers, customers and communities around us. We care about the social well-being of the community and our employees’ health and safety is always our main priority.
1. Develop and implement strong policies Companies should have clear policies and procedures that promote ethical and sustainable practices, such as fair labor practices, supply chain management, community engagement, and diversity and inclusion.
2. Engage with stakeholders Companies should engage with stakeholders such as employees, customers, suppliers, and community members to understand their needs and concerns, and to build relationships based on transparency and trust.
3. Invest in employee development Companies should invest in their employees’ professional and personal development, such as through training, mentorship, and leadership development programs.