Project Management in the ESG Era 5.7.24

1. Project Management in the ESG Era: Achieving Goals and Surmounting Obstacles We are an ESG Award, issues in business and investing have grown in significance to motivate corporations to behave responsibly. The term "ESG" describes a collection of standards used to evaluate a business's corporate governance, social responsibility, and environmental effects. This should assist decision-makers in determining whether to consider social, corporate governance and environmental issues. These days, it's critical that businesses consider how to do business by including sustainable and ethical practices in their marketing plans. ESG may make a significant contribution to this challenge and aid in promoting ethical business practices. Furthermore, these methods must be advantageous for enterprises' long-term viability, society, and the environment. In our role as Sustainability Awards, due to the global concern of ESG, this topic was not just acknowledged, but actively discussed and shared at the Global Project Profession Forum, a collaborative gathering that took place on September 21–22, 2023, in Seville, Spain. The IPMA convened this global event, bringing together project management experts and organizations from around the world to discuss and exchange knowledge, ideas, inspirations, and experiences on emerging trends, innovation, diversity, and best practices in project management. The first day of the forum featured a panel discussion on the subject of 'Project management and ESG', which drew a large number of interested attendees who actively participated by raising many pertinent issues with their questions. To help you as ESG Awards, Experienced speakers offered their insights and helped clarify some of the points raised. Mr. Jose E. Reyes, VP of Marketing and Awards at IPMA, moderated the panel. Mr. Wolfgang Glitches, a project management lecturer at Technosphere Universität Berlin; Ms. Maria Luisa Munoz, an engineer from GRI Towers Sevilla; and Mr. Cornelius Matthes, the chief executive officer of Dei Desert Energy, Dubai, were introduced as the speakers. IN his opening remarks for his presentation, Ro-Thinking Project Management Circular Economy,' Mr. glister emphasized the pivotal role of project managers in shaping the future. As the world's population grows, so does its need for resources. To save

2. resources, people must alter their behavior, and project managers are the ones who can lead this change. As a Sustainability Award, Project management must be expanded to include the circular economy and remanufacturing, which present an extended triangle of restrictions that include social responsibility, environmental soundness, and economic viability. Additionally, there are two viewpoints that are included in the art of ESG project management: The sustainability of the outcomes is tied to what is delivered. The sustainability of the project's processes is correlated with how the project is managed. As a result of absorbing resources, creating a product, and then having waste when these items are used, we deliver project results into closed structures today. According to Mr. glister, just a few processes are circular nowadays; most are still linear. Every speaker concurred that the governance aspect of the ESG is difficult and complex, but social and climatic challenges have made governments more aware of the need to find answers. In our understanding as ESG Award, it’s critical to fortify interpersonal relationships, actively engage the neighborhood, and cultivate trust. Experts in the field of project management are in charge of overseeing the expenses associated with these endeavor’s and looking for feasible solutions. It comes down to integration; a comprehensive perspective must incorporate every significant element. Wind towers and solar plants might significantly decrease the cost of energy supply. Mr. Reyes concluded that people are becoming more aware of and interested in ESG practices. Adhering to ESG practices such as IPMA through ICB4 and other standards benefits the nation and professionals.