Putin’s little escapade has fundamentally affected many political and economic conversations, including the need to push towards renewable energy. A significant portion of the oil and LNG used in Europe originates in Russia and threats to shut off that supply threatens to have a significant immediate impact on the European economy. By converting to renewable energy, Europe can avoid that trap.
Governance is the third tenet of ESG and generally refers to the internal workings of a corporation and its impact on that company’s overall performance and public reputation.
This is where scandal is most likely to crop up, often suddenly and without warning, mainly because not enough attention is spent examining its roots.
And political and historical examples of the impact of scandals like this are not hard to find. One of the most prominent in Canadian history almost destroyed MacDonald while he was in office. Other events during his second tenure as Prime Minister have served to seriously damage his legacy.
