AIICO Insurance Plc has reiterated its commitment to sustaining the Environmental, Social and Governance (ESG) adoption of the 17 Sustainable Development Goals (SDGs) by 2030.
AIICO, one of Nigeria’s leading insurance companies and a good corporate entity, said the ESG is a framework used to assess various sustainability and ethical issues.
The firm explained that while environmental focuses on a company’s impact on the planet including how businesses manage energy use, waste, pollution and compliance with environmental regulations; social refers to a company’s relationship with employees, suppliers, customers and communities including issues like human rights, diversity, equity and employee safety. Governance concerns leadership, executive pay, audits, internal controls, shareholder rights and strong governance that ensure a company operates ethically and transparently.
On the other hand, SGDs are a set of 17 global goals established by the United Nations in…