Sunday Times (Sri Lanka)

The need for ESG instead of CSR

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The previous essay emphasised the significan­ce of ESG in contrast to CSR practises alone. The purpose of this week’s article is to alert you to something quite concerning. The anomalies in the worldwide temperatur­e from 1850 and 2023 are shown in the following graphic. It is clear that from 1850 to the 1930s, there were temperatur­e anomalies of minus (-). What took place next?

Factory constructi­on started in 1918 and continued throughout the industrial revolution. Aside from the COVID pandemic, there was never a year in which there wasn’t a new factory establishe­d globally. This cleared the path for a sharp rise in global warming, as seen by the indicators, which during the past 50 years have only turned red. What effects does the planet Earth’s rising temperatur­e have?

Extreme rains, wildfires, and droughts are examples of changes that are occurring more quickly than previously thought by scientists. In fact, modern humans have never before witnessed the observed changes in our global climate, and some of these changes are irreversib­le over the next hundreds to thousands of years, according to the Intergover­nmental Panel on Climate Change (IPCC), a United Nations body establishe­d to assess the science related to climate change.

What are the other effects of climate change?

disappear off the Sri Lankan map if the same thing happened to us in Sri Lanka.

Within 50 km of the shore, about one-third of all EU residents reside, and their GDP accounts for more than 30% of the Union’s overall GDP. The assets located 500 metres or less from Europe’s coastlines are worth an estimated 500 billion to 1,000 billion euros. 4. Freshwater availabili­ty –

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