18 min
#35: Understanding ESG & How Getting It Right Can Help You To Better Grow & Scale Your Business The Business Growth Show
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Our guest today, Lisa Costello graduated from MIT with an undergrad in mechanical engineering and then went on to get her MBA from the Rice Executive Program. She's the President and Owner of M&H Consulting Ltd and today is going to help define ESG and how getting it right can help you to better grow and scale your business.
Learn More Earn More Business Growth Podcast
Host: Brian Webb
Guest: Lisa Costello
Episode 35: Understanding ESG & How Getting It Right Can Help You To Better Grow & Scale Your Business
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SUBSCRIBE
Apple | Google Play | Spotify | Pandora | Amazon Music | iHeartRadio | Stitcher
________________________________
RESOURCES & HELPFUL LINKS
Whatbox Digital
M&H Consulting
________________________________
TRANSCRIPT
Brian Webb:
Hey, everyone. Welcome to the show today, it's always fun to be with you here and I want to introduce our guest today. Let me tell you some fun facts about her. One, she's the mother of four daughters, one of them a doctor, the other an attorney, the other, a physical therapist, and the other one is an architect. She is a multi-engine and instrument-rated pilot, but that's just the fun stuff. Let me tell you about the stuff that's relevant to this interview today. She graduated from MIT, the Massachusetts Institute of Technology with an undergrad in mechanical engineering. And if that's not enough, she goes on to get her MBA from the Rice Executive Program.
She's the president and owner of M N H Consulting Ltd. I consider her a friend and she's also a member of the WBNC and the SASB Alliance. So you're probably picking up, Lisa is rarely not going to be the smartest person in the room. She's a very successful business leader and what she's going to talk about today is ESG. What is ESG? I know what it is. You might think you know what it is, but Lisa is going to bring some really, really good insights as to what it is, why it's important, why you should report about it, who benefits and who the stakeholders are. Let's jump into our interview with Lisa Costello, you're going to love her. You know, Lisa, you and I have had the opportunity, in fact, that's how I got to know you is through a mutual client that we're working with. And so, first of all, I just want to say welcome to the podcast today.
Lisa Costello:
Thank you. I appreciate the opportunity.
Brian Webb:
Yeah. So I've told the audience who you are. I know we're going to talk about ESG and I have a feeling, it's just a feeling I have, this is not data-driven, but I would imagine a percentage probably knows that E stands for environmental S stands for social and G stands for governance. But I know it wasn't until recently on this mutual initiative that we're working on and learning from you where I started to really understand or begin an understanding of what that is. So I would love for you to share with the audience, what is ESG? What does that mean?
Lisa Costello:
It does stand for environmental, social, and governance. It also can be interchangeably used with the term sustainability, which is protecting the resources we are... Using what we have in a way that we protect them for the generations that follow us, reduce, reuse, repurpose, that kind of stuff. But so going back to ESG, and one of the things that came up in our meeting when we first met was a lot of people think ESG is environmental, and it's all about climate change. And it's not, the social and the governance aspects are things that people don't typically think about, may not be well-defined, but have an impact on how a company is managed and the ESG framework allows investors, stakeholders in a company to see how a company is managed. It's the intangible stuff that doesn't show up on traditional financial statements. How you manage the resources, how you reuse them, a lot of that impacts your cost structure, your operating structure, the governance, are you using your employees well? Are yo
Our guest today, Lisa Costello graduated from MIT with an undergrad in mechanical engineering and then went on to get her MBA from the Rice Executive Program. She's the President and Owner of M&H Consulting Ltd and today is going to help define ESG and how getting it right can help you to better grow and scale your business.
Learn More Earn More Business Growth Podcast
Host: Brian Webb
Guest: Lisa Costello
Episode 35: Understanding ESG & How Getting It Right Can Help You To Better Grow & Scale Your Business
__________________________________
SUBSCRIBE
Apple | Google Play | Spotify | Pandora | Amazon Music | iHeartRadio | Stitcher
________________________________
RESOURCES & HELPFUL LINKS
Whatbox Digital
M&H Consulting
________________________________
TRANSCRIPT
Brian Webb:
Hey, everyone. Welcome to the show today, it's always fun to be with you here and I want to introduce our guest today. Let me tell you some fun facts about her. One, she's the mother of four daughters, one of them a doctor, the other an attorney, the other, a physical therapist, and the other one is an architect. She is a multi-engine and instrument-rated pilot, but that's just the fun stuff. Let me tell you about the stuff that's relevant to this interview today. She graduated from MIT, the Massachusetts Institute of Technology with an undergrad in mechanical engineering. And if that's not enough, she goes on to get her MBA from the Rice Executive Program.
She's the president and owner of M N H Consulting Ltd. I consider her a friend and she's also a member of the WBNC and the SASB Alliance. So you're probably picking up, Lisa is rarely not going to be the smartest person in the room. She's a very successful business leader and what she's going to talk about today is ESG. What is ESG? I know what it is. You might think you know what it is, but Lisa is going to bring some really, really good insights as to what it is, why it's important, why you should report about it, who benefits and who the stakeholders are. Let's jump into our interview with Lisa Costello, you're going to love her. You know, Lisa, you and I have had the opportunity, in fact, that's how I got to know you is through a mutual client that we're working with. And so, first of all, I just want to say welcome to the podcast today.
Lisa Costello:
Thank you. I appreciate the opportunity.
Brian Webb:
Yeah. So I've told the audience who you are. I know we're going to talk about ESG and I have a feeling, it's just a feeling I have, this is not data-driven, but I would imagine a percentage probably knows that E stands for environmental S stands for social and G stands for governance. But I know it wasn't until recently on this mutual initiative that we're working on and learning from you where I started to really understand or begin an understanding of what that is. So I would love for you to share with the audience, what is ESG? What does that mean?
Lisa Costello:
It does stand for environmental, social, and governance. It also can be interchangeably used with the term sustainability, which is protecting the resources we are... Using what we have in a way that we protect them for the generations that follow us, reduce, reuse, repurpose, that kind of stuff. But so going back to ESG, and one of the things that came up in our meeting when we first met was a lot of people think ESG is environmental, and it's all about climate change. And it's not, the social and the governance aspects are things that people don't typically think about, may not be well-defined, but have an impact on how a company is managed and the ESG framework allows investors, stakeholders in a company to see how a company is managed. It's the intangible stuff that doesn't show up on traditional financial statements. How you manage the resources, how you reuse them, a lot of that impacts your cost structure, your operating structure, the governance, are you using your employees well? Are yo
18 min