Excerpt from Island Innovation:
The Caribbean: a region of pristine beaches, crystal-clear waters, and vibrant culture. But behind the beauty lies a complex web of challenges, from climate change to social inequality. In recent years, the concept of Environmental, Social, and Governance (ESG) has gained traction as a way to address these issues and ensure sustainable development across the region. Economic growth is something that benefits both companies and local communities, and with this growth tied to a global transition to sustainability and climate action, ESG policies have provided a platform for private entities to collaborate with public sector projects. While issues remain in terms of accountability and efficiency of ESG projects, new opportunities are opening up a pathway to public-private partnerships capable of creating lasting positive change.
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