ESG, an acronym based on the terms Environmental, Social, and Governance, was coined in 2004 in a publication by the UN Global Compact in partnership with the World Bank titled Who Cares Wins. This report introduced the pillars of corporate structure that, according to the study, are most likely to succeed when ESG practices are implemented. Today, ESG is regarded as a new form of corporate sustainability, addressing issues that are fundamental to sustainable development.