The examination of ethical components is directly aligned with the Governance (G) part of the ESG (Environmental, Social, and Governance) framework. This focus on ethical culture and governance can provide insights into a company's integrity, transparency, and accountability. This model analyzes data around the ethical components of the company, such as whistleblower complaints, conflicts of interest and organizational governance. Creating an ethical culture is critical to proactively mitigate risks across the organization. These could result in financial consequences, reputational risks and uncomfortable work environments for employees. By maintaining a safe and ethical work environment, companies can minimize incident-related expenses, improve their brand and improve company culture.
What are we talking about when we're talking about Benchmarking? Let's be careful when we throw that word around.