Inclusive ESG Champions FII6

The discussion focused on the application of an inclusive ESG framework in emerging markets, particularly in the context of specific organizations and sectors such as tourism. Panelists emphasized the need for a localized and contextualized approach to ESG evaluation, considering the unique challenges and opportunities presented by emerging markets. They highlighted the importance of recognizing and rewarding progress, commitment, and positive impact within specific market contexts, ultimately aiming to drive meaningful change and improvement in ESG performance. The panel also discussed the challenges of assessing emerging market companies through a developed market ESG lens and the need for a more contextual approach to ESG evaluation, particularly focusing on the rate of change, real action, and market-specific context. The conversation also touched on the need for a new country assessment tool that considers the enabling environment for ESG within that market and incentivizes progress and commitment.