Muhaimin Iqbal
Author

Environmental and Social Actions - ESA (en)

Advanced Renewable

Thu , 22 Feb 2024 17:22 WIB

For several years up to now, the world's commitment to sustainable growth has also been followed up at the corporate level. World financial authorities have long required the implementation of sustainable finance for banks, the non-bank financial industry, bond issuers and public companies.

At its peak, this year the European Union came into force with new financial reporting standards that very strictly regulate what is often called Environmental, Social and Governance (ESG). The new financial reporting standards are called European Sustainability Reporting Standards (ESRS). Like other EU standards, this ESRS will soon have an impact on other parts of the world.

Of the three ESG elements, the G element (Governance) is not a problem for big companies that are already subject to this kind of regulation, but the other two elements, namely E (Environmental) and S (Social), not all of them have sufficient resources to be able to implement them thoroughly. So this becomes an extraordinarily large market for consultants, audit services, etc., who assist these corporations in fulfilling the obligation.

Even this will not be enough because the E&S ultimately has to be truly implemented in the real world, there must be parties who work physically in the field to improve the environment and social conditions with all their parameters, including but not limited to reducing CO2 emissions, availability of clean water, adequate food supply, sustainable growth, GDP (Gross Domestic Product), HDI (Human Development Index) and so on.

Because this requires very large resources, and can actually distract the corporations from their core businesses if they go too deep into the E&S area themselves, our very productive think tank - Advanced Renewable Organization, has again launched a new service which we call Environmental and Social Actions Force (ESA Force).

The purpose of the ESA Force is to help corporations, institutions and also governments to implement ESG - especially the E&S elements. The real program in the field is more or less like in the diagram below. For environmental - we focus on three areas that have the biggest impact, namely Food, Energy and Water. We call this program as REFEW (Regenerative Ecosystem for Food, Energy and Water), the detail is in the previous upload: https://lnkd.in/gFWsyUvy

For social programs, we focus on 3 areas as well, that have a direct impact on improving HDI, namely health, education and quality employment opportunities. We will share details of this social program in a separate upload.

Because of the massive potential opportunities with this ESA Force, we invite all parties who can see the same opportunities and are interested in joining this ESA Force, as co-founders, c-level executives, country directors, investors, field implementers and various other positions that will open all over the world. Please contact us via private message of this media.