Cybersecurity is today considered an integral part of ESG. It began gaining traction as an ESG topic in the late 2010s, predominantly as a governance issue.
Cyber as ‘E’: A corporation's environmental impact and cyber policies extend beyond borders. Robust cybersecurity enhances environmental efforts, highlighting the need for transparent reporting.
Cyber as ‘S’: Data breaches greatly impact individuals, especially in healthcare where quality of care suffers. Attacks on utilities like the Colonial Pipeline cause temporary income loss, compounding community distress.
Cyber as ‘G’: Cyber risk is the foremost financial sustainability threat to organizations. Failing to adopt proper cybersecurity governance, tools, and metrics undermines resilience and sustainability.