The ABCs of ESG

The inherent mission and values of healthcare organizations make them ideal stewards of the ESG framework. In fact, many are likely already doing some elements of ESG, which stands for environmental, social and governance, but not calling it that. Below are specific areas and goals within the ESG framework healthcare organizations can focus.

Environmental

Create carbon neutral goals

Install waste and pollution management practices

Invest in energy efficiency and natural resources

Environmental

Create carbon neutral goals

Install waste and pollution management practices

Invest in energy efficiency and natural resources

Social

Have diversity, equity and inclusion goals

Concentrate on safety and well-being of staff and patients

Address the social determinants of health

Prioritize sound labor practices for workforce

Ensure privacy and data security

Social

Have diversity, equity and inclusion goals

Concentrate on safety and well-being of staff and patients

Address the social determinants of health

Prioritize sound labor practices for workforce

AEnsure privacy and data security

Governance

Appoint an ESG leader

Create pay equity goals for workforce

Have policies related to ethics, compliance and fraud

Prioritize diversity of board

Release an annual report to track and share ESG goals

Governance

Appoint an ESG leader

Create pay equity goals for workforce

Have policies related to ethics, compliance and fraud

Prioritize diversity of board

Release an annual report to track and share ESG goals

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