11 groups sign up as partners of Inquirer ESG Edge

TO EDUCATE AND ENGAGE The Inquirer ESG Edge initiative gets going with the signing of a memorandum of understanding with partner organizations on March 22. —PDI

PETALING JAYA: The Philippine Daily Inquirer (PDI) is partnering with 11 organisations from the business, civic, education and environment sectors in support of a regional media collaboration promoting sustainability.

A memorandum of understanding (MOU) was signed on Friday (March 22) between PDI and the various groups, that will be forming a network of thought leaders and experts under the Inquirer ESG Edge initiative.

“ESG stands for “environmental, social and governance,” basically a measure of how a business impacts society and the environment, and its level of transparency and accountability,” said PDI.

In the corporate world, it has gained credence as a major factor considered by prospective investors when evaluating a company—its sense of responsibility concerning climate or pollution issues, resource conservation and biodiversity, health and safety, human rights and equality, philanthropy and ethics, among other standards.

The Inquirer ESG Edge represents PDI’s participation as one of the three founding members of the Asia Sustainability Impact Consortium, which also includes the Star Media Group of Malaysia and Kompas Gramedia of Indonesia.

The consortium is considered the first cross-border alliance of its kind and can collectively reach 123 million people across the region.

Sense of urgency