Please vote on all three (3) ballots
Ballot # 1: Do you approve of the recommendation that the Economic Section should be changed to Governance?
NSF 391.1 shall adopt the following model Environmental Social Governance (ESG) model instead of the current model of Environmental Social Economic (ESE). ESG is commonly used within the sustainability and CSR sectors. While there are many instances where ESE is the default set of categories, there are as many references to ESG, including seminal work done by the World Bank.
Ballot# 2: Do you approve that the Economic Section should remain and shall not be changed?
NSF 391.1 will continue to follow the current model of Environmental Social Economic (ESE).“The economic dimension of sustainability reporting concerns the organization’s impacts on the economic conditions of its stakeholders and on economic systems at local, national and global levels.” This definition suggests that this ‘economic’ category of sustainability relates to conditions pertaining to the organization’s stakeholders, rather than the financial or “profitability” condition of the organization itself. This “outward facing” aspect of the standard, as with the other aspects, pertains to stakeholders – not inward toward itself. There is common tissue between the three categories of the triple bottom line.
Ballot #3: Do you approve the recommendation of combining both Economic and Governance as one section. The new section will be changed to Economic and Governance.
NSF 391.1 will continue to follow the current model of Environmental Social Economic (ESE), but will include governance within this section. As such, including the word governance in the category heading acknowledges that for the professional services organization, governance is a critical and significant pillar. |
